Agronomics Share Discussion Threads

[philipc240] 26/1/2021 10:17

I suspect others feel the same Rock Star based on todays drop!

[faz] 18/1/2021 15:43

dont be a prat - you can work out the NAV from their investments, the market cap from the ADVFN front page and any Pi that invests more than pocket money should know reporting dates.

[slicethepie] 18/1/2021 14:58

You probably saw covid coming before everyone else well done!

[faz] 18/1/2021 07:38

Nav £20m, market cap £70m. Why I sold last week. Gla

[techno20] 15/1/2021 15:18

150% up since November. Feels a tad frothy, so sold down heavily in the last week. Hopefully will be able to top up again in due course, but only time will tell!

[meneither2] 07/1/2021 13:33

Agree, that is my thinking. But exciting to see this progress nonetheless.

[ryesloan] 07/1/2021 13:22

I would very much hope they do as we need scale here to truly see the long term value returned.But I simply can't see any significant investor or institution paying the current premium though. So while additional funds are wanted and needed it could result in a rather sharp (short term) correction of the share price if and when announced...

[ryesloan] 07/1/2021 13:20

NAV will still be down in the 6p range due to most of the holdings being valued at the investment cost. But as we have seen clearly the market sees a healthy premium already to those and have priced our shares accordingly....the scale of that premium does make me nervous though despite being rather happy with the SP!

[meneither2] 07/1/2021 11:36

Will management take advantage of this rise and go for a fund raising? Not sure where we're at with nav?

[caterham88] 07/1/2021 09:15

It well worth reading Jim Mellon's new book Moo's Law on this subject. Many of ANIC's holdings are described. I bought these shares last week after reading the book. I'm anticipating big gains, but over a 3 year time scale.

[rivaldo] 07/1/2021 08:30

Terrific performance recently. Same here TrentEndBoy - I'm now in quite a decent profit from when I remember this used to be Port Erin.

If ANIC continues to be caught up in the investing fever regarding alternative food then there could be a long way to go over time. On the other hand, are valuations stretched? More research needed methinks....

[trentendboy] 31/12/2020 11:25

Impressive moves recently - I am nearly at breakeven after many years as a bag holder

Bring on the veggie burger

[mo2550] 29/12/2020 12:39

Support 7.50Resistance 11.70

[mo2550] 29/12/2020 12:08

HL trade possibly shown as a sell...

[mo2550] 29/12/2020 12:01

HL trade 24th still delayed ...

[mo2550] 24/12/2020 08:38

Bought in today future investment as yet not showing GLAH

[sabjcm] 20/12/2020 09:53

5th on the list, but it’s there.

hxxps://dailyhodl.com/2020/12/20/crypto-analyst-lark-davis-forecasts-best-investments-of-the-decade-says-100x-gains-coming-to-long-term-investors/

[3ootuk] 16/12/2020 09:05

Israeli SuperMeat investment.
The production cost of their restaurant chicken burger has recently been estimated at $35.

[dicktrade] 14/12/2020 15:48

Although i am always eager and grateful for knowledge anyone invested here is certainly not trading and is in for the long haul so probably doesnt need the results info to be posted here,certainly not in longhand.
Sorry if i sound ungrateful.

[rivaldo] 14/12/2020 14:50

3ootuk, there's no need to clog the thread with the entire results statement :o))

You could just paste a link, or copy the highlights - and preferably edit your post:

[3ootuk] 14/12/2020 07:23

Deleted.. Apologies

[3ootuk] 09/12/2020 07:03

Announces Investment in CellX

Agronomics, a leading listed investor in alternative proteins with a focus on cellular agriculture and cultivated meat, is pleased to announce today that the Company has completed a subscription of US$ 50,000, in the form of a Simple Agreement for Future Equity ("SAFE"), in CellX Limited ("CellX"). The Subscription will be paid using cash from the Company's own resources. The SAFE will convert at the valuation cap divided by the company capitalisation at the next equity financing, which should give Agronomics an approximate equity ownership of 1.43%.

CellX is a China based cellular agriculture company, focussing on cell-based pork and seafood products initially. CellX was founded in 2020, with the intention of showcasing its first prototypes in 2021. CellX has already brought on an impressive pool of early-stage global alternative protein investors including Lever VC China Fund, Humboldt Fund, Purple Orange Ventures, and Brinc.

Richard Reed, Chairman of Agronomics, commented: -

"We were delighted to witness what we believe to be the first approval of a cultivated meat product in Singapore, and we believe CellX will be at the forefront of the very same innovative developments in China. CellX is an early stage but exciting opportunity for us and this investment further demonstrates Agronomics' ability to source and access new entrants, as well as the more established players, in this rapidly advancing field. CellX provides geographic and regulatory diversification for Agronomics to one of the largest animal protein markets in China."

Ziliang Yang, Founder and CEO CellX, added: -

"China is crucially important for turning cellular agriculture into a reality, not just because of its immense market size, but also its large scientific talent as well as capital pools. As one of the earliest pioneers in China, CellX is uniquely positioned to lead China's cellular agriculture revolution."

About CellX

CellX is a China based cellular agriculture startup, working to revolutionize the traditional meat industry by creating clean meat products using tissue engineering and 3D bioprinting technologies. Its goal is to provide sustainable source of animal protein, better health for all human beings, and improved animal welfare.

[1jbrisky] 08/12/2020 17:27

3oonuk & Jane Deer
Thank you so much for taking the time with your well constructed and informative replies.
I have decided to take the "scaling in" approach and have dipped my toe accordingly.
You both (and others) may enjoy the following, gleaned from HSR and I'm also looking forward to a copy of Jim Mellon's Moo's Law which is now on my Xmas wish list. Good luck to you both
JB
The Business:

This Jim Mellon-backed company (22.7% shareholding), Chaired by Innocent Drinks co-founder Richard Reed, has established an investment portfolio of 14 companies in its sector and recent activity highlights the growing interest in the sector…

The Recent Activity:

In October, capitalised at just over £21 million and at a nil share price discount to prior to it, the company was “pleased to announce that it has completed (subject to certain conditions) an oversubscribed equity fundraise of approximately £10.0 million… at a price of 6.0 pence per ordinary share… Identified… pipeline investments that it expects will close in the next 6 months… Following the receipt of the net proceeds of the fundraise, the company will have approximately £8.15 million cash available for investment”.

It has already followed with a $5 million (£3.8 million) convertible promissory note investment in existing investee (book value £2.7 million) company BlueNalu, Inc., a cell-based seafood company based in San Diego, California.

That is the single biggest investment Agronomics has made to date, with other significant investments being; Meatable (Dutch cultivated meat company), Mosa Meat (“Netherlands-based food technology company, pioneering a cleaner, kinder way to make real beef”), Livekindly (US, plant-based chicken alternatives), Tropic Biosciences (UK developer of varieties of tropical crops), VitroLabs (US-based lab-grown leather) and Solar Foods (Finland, novel protein Solein).

Valuation & Outlook:

Broker Cenkos estimated NAV per share here of 5.7p following the recent fund raise, but also noted, for example, the BlueNalu note would “convert at a discounted price to a subsequent qualified Investment round. We estimate that such a round would deliver a significant value uplift for Agronomics initial investments in BlueNalu”.

That overall momentum is with the company’s investment strategy is also shown by its latest news being that Finnish government organisation for innovation funding and trade, travel & investment promotion, Business Finland has provided Solar Foods €4.3 million of new funding.

There is still clear risk in Agronomics’ investments being in early-stage, unquoted businesses but we believe the management are suitably experienced and expect further upside as investors seek exposure to a sector which it is difficult to get it to, enhanced as further investments continue to be made here…

The Trade: At 8.5p and up to 9p, targeting 12p+ as increasing investor interest pushes the shares to a bigger premium to NAV combined with further investment and investee news flow driving the NAV sharply higher in the coming months this is a BUY.

[3ootuk] 08/12/2020 13:38

They did want to buy out PIs before, so that's a start for the offer price

[jane deer] 08/12/2020 11:57

1jbrisky

I am invested. The share price has run up recently, maybe following the new fundraising (19 Nov) in Blue Nalu, which would seem to justify a rise in the NAV and the news (2 Dec) that Eat Just (not a ANIC portfolio company) had got the world's first authorisation to sell clean meat in Singapore.

Clearly valuing any of the investee companies is (at this stage) finger in the air stuff.

If you are uncomfortable with the current share price, may be wait until a future placing - then you know at least you are investing at the same price as others (whether it is higher or lower than the current price, only time will tell). I would expect at some stage that there will be future placings in ANIC (and given past track record - at a premium to the then published NAV). Most (if not all) the money raised in October has already been invested in Blue Nalo, Mosa Meat and Solar Foods. ANIC is still probably too small and if ANIC wants to have a meaningful effect on the development of clean meat, then it will have to make more investments.