Agronomics Share Discussion Threads

[donald pond] 13/9/2021 09:56

I enjoyed this, it’s about disruption generally but he mentions a future of foods etf (I’m guessing the RIZE one) and how it can’t find enough to invest in so is having to put money into mainstream food. ANIC is pretty unique in giving access to the cutting edge at an early stage

[thefartingcommie] 13/9/2021 09:41

13 September 2021
Webinar

The future of fish_ The investment case

Overfishing and commercial fishing practices are depleting fish populations. Intensive production of farmed fish has led to reduced product quality and raises key questions on sustainability. Overfishing poses a threat to global ecosystems. The future of fish and its sustainability will depend on changing production and consumption habits, backed by regulatory moves. As consumption continues to increase, an already-vulnerable supply chain will not be able to keep up. Cell agriculture is an exciting new area, but few companies are specifically involved in fish. In this webinar, the panellists discuss the future of fish, the opportunities and the challenges ahead.
Watch video >

[donald pond] 13/9/2021 08:27

Follow on investment at 7.5 times the initial 2019 seed funding highlights why NAV is hopelessly inaccurate for a VC type fund.

[nickgrant2] 09/9/2021 01:19

They have £60m to spend, and Jim Mellon indicated they expected to invest it over the next 9 months. With £30m current assets that will be tripling investments.

Given Jim Mellon's knowledge and current investments you can assume he is going to have a good judgement on where best to invest and I suspect every announcement, and every new NAV announcement (quarterly?) may well be a boost to the share price (Famous last words !)

[myn0k] 08/9/2021 09:21

Definitely a sudden uptick. I wonder if there's some insider knowledge/upcoming announcement...

[livewireplus] 08/9/2021 09:01

Seems the premium to NAV doesn't seem to be deterring investors buying in this week to this ....

[thefartingcommie] 07/9/2021 10:30

What are the alternatives to preserve sustainability?

The fish space encompasses both private and listed companies. Mitsubishi Corp is present in the fishing industry though, as a conglomerate, only some of its value can be ascribed to its fish business (which is part of its Food division).


As investors consider how to invest in industries committed to sustainability, and are increasingly measuring the environmental, social, and governance (ESG) aspects, they are likely to focus on elements of the food production industry that offer alternatives.


Plant-based foods are proliferating (as discussed in our note on meat alternatives) and in aquaculture there are many approaches. These include energy conservation, enhanced environmental measures and improved farming practices. Novel scientific approaches such as the production of cultured fish and seafood are also being developed. Cellular fish (cell-based production) could solve many environmental and sustainability issues, but its three main challenges are: (1) viability of the technology on a commercial scale, (2) cost and (3) consumer acceptance and the regulatory environment.


There are a number of companies looking to launch novel fish and seafood products, such as ### BlueNalu ### and Shiok Meats on the cell-based side and Nestlé and New Wave Foods looking to launch plant-based seafood alternatives.



BlueNalu

[thefartingcommie] 04/9/2021 09:12

Methane: The other greenhouse gas
The Real Story

The latest UN climate report concludes that while carbon dioxide (CO2) is the main driver of global warming, another gas - methane - is likely responsible for between 30-50% of the current rise in temperatures. Methane is much more effective at trapping heat in Earth’s atmosphere than CO2 is, but it also breaks down much faster, raising hopes that quick action to curb emissions could aid efforts to keep global warming below 1.5 C. Methane is the largest component found in natural gas and is also emitted during the process of fracking and coal production. It’s produced in large quantities by farmed animals but also leaks into the atmosphere when organic matter decomposes in landfills. A report published earlier this year claimed that if existing measures and technologies were used more widely, human-caused methane emissions could be cut by as much as 180 million tonnes a year by 2030. But others argue that until CO2 emissions are dealt with, methane will remain 'a sideshow' and that attention paid to the problem must not distract from the bigger threat. So, is enough being done to prevent the leakage of methane?

Paul Henley is joined by a panel of expert guests. Producers: Paul Schuster and Zak Brophy.
Show less

[ashleyjv] 02/9/2021 13:40

There is a write up in this weeks Shares magazine

[williamcooper104] 02/9/2021 08:17

Absolutely no clue Could easily be a lot less or a lot more than 22p The underlying investment values are likely to be highly volatile And a lot would depend on the nature of the sale Eg a distressed Woodford fire sale would produce a very different result from selling to a SPAC (which can be a distressed acquirer)

[diggybee] 02/9/2021 08:08

However, we're you to flog it all now would you raise 11p or 22p?

[williamcooper104] 02/9/2021 03:00

Unlike real estate or listed equity the value of a private VC banked business is valued at the value implied by the last funding raise The last funding raise for ANIC itself (which is a platform plus a collection of individual investments) was at 22p

[nickgrant2] 02/9/2021 02:46

Not clear how you get that figure given the company release quoted above. Where do you get 22p from?

[williamcooper104] 01/9/2021 22:18

The NAV is 22p That's the most recent fund raise and that's the value of ANIC in its totality (pre-money) It's a far from perfect yardstick but it's the most recent fund raise and thus the most relevant valuation (even if it could of course be completely wrong)

[nickgrant2] 01/9/2021 22:00

And 11p on 30th June. neither anywhere near the current price.

TIDMANIC

RNS Number : 1460H

Agronomics Limited

30 July 2021

This announcement replaces the announcement with RNS number 0945H made at 12.02 today and which was published with the incorrect RNS headline "Net Asset Value calculation to 31 June 2021" whereas the correct headline is

"Net Asset Value calculation to 30 June 2021". All other text remains the same.

30 July 2021

Agronomics Limited

("Agronomics" or the "Company")

Net Asset Value calculation to 30 June 2021

Agronomics Limited (AIM:ANIC), a leading London listed company in alternative proteins with a focus on cellular agriculture and cultivated meat, announces that its unaudited Net Asset Valuation ("NAV") calculation as at closing on 30 June 2021 was 11.71 pence per share, including un-invested cash of GBP62.4 million. Net Assets stand at GBP93.6 million, including investments of GBP32.5 million. This quarter's NAV per share represents an increase of 88.2% from the previous quarter's NAV of 6.22 pence per share.

The share price of 23.7 pence at the 30 June 2021 close represents a premium of 118.8% to the NAV per share. Under IFRS, the Company's unquoted investments are carried at cost or the most recent priced funding round.

[nickgrant2] 01/9/2021 21:59

William, I though the NAV was about 6p in May when the fundraising was done?

[williamcooper104] 01/9/2021 08:35

The level the last AMIC fund raising was done at is the "NAV" in as much as the NAV is the NAV in any of ANICs investments which are valued on the basis of the implied valuation at their last fund raising

[diggybee] 01/9/2021 07:03

A decent buy at 11p then.

[nickgrant2] 31/8/2021 10:26

Interesting stuff. So all the new £63m investment is now worth about under £50m, while £63m (-expenses) sits in the company.

Still a long way above NAV (as of this date and time :-) )

[az4hr] 31/8/2021 10:02

Wtf is this capitulation about getting sick of this pile of carp

[williamcooper104] 31/8/2021 00:47

https://open.spotify.com/episode/3q3S6MSgJdl2pPJBjlvngx?si=30bccAW-QcKUicsdgdGdMg&dl_branch=1

[lionheart79] 28/8/2021 12:26

Excuse the noob question, regarding the additional raising and price action:- If you had bought in at the end of last year at 5p (when I was reading Mellon's book but then stupidly got sidetracked... sigh!) but then didn't participate in the raise would you still be up 4x given today's price of 20p? if not what would be your effective return after dilution?I know it's silly but I'm just trying to work out the opportunity cost of my procrastination ?I am in now for £7k which is quite a big position for be. Long term I consider this an absolute no brainer. To be able to eat meat without the cruelty of slaughter, notwithstanding the myriad other benefits, it can't happen soon enough!

[dougy1] 16/8/2021 00:26

It's odd that there aren't already some of the other bigger fund managers involved in the sector already.It makes perfect sense to be involved now while it's still a fraction of the market size it will be in, say, 20 years.I tend more towards funds than SPACs or VCTs etc. But this is my main choice just now and I have faith in the management of the fund at this stage particularly given their regular transparency and recent success stories.Deffo a long hold for me. Doubt I'll fully sell ANIC even if a decent fund comes along. Happy to simply diversify.