Agronomics Share Discussion Threads

[pugugly] 02/4/2024 11:28

QP- Thanks for that - Certainly very odd .

[quepassa] 02/4/2024 11:20

The 6 month £3 million SHARE BUY BACK PROGRAM expired on 29th. March WITHOUT A SINGLE PURCHASE.

What every shareholder must now ask themselves is how much they can trust the management and its announcements to do what they say - and let's face it, the wording and purported intention of the announcement could not have been much clearer.

I must now go and buy myself a very, very long barge-pole.


ALL IMO. DYOR.
QP

[1chrism] 02/4/2024 10:31

Id not heard of ITX before, really interesting company. I see your point and think it does make sense, especially around meat and especially in the US. The declining share price will most definitely have been impacted by the bible belt reaction. Unlike ITX of course, ANIC are not revenue creating at the moment.And in terms of the notion of consumer uptake, ANIC are not reliant on meat and both Mellon and Chow are upfront about the notion that lab meat is a 10 yeqr hence thing. The media just carried away following Good meat and Upside approvals last year.I think that because of interest rates investors are rightly nervous about AIM at the moment and wont care or even notice ANIC until sometime next year when Liberation Labs is operational Meatly have upscalled and they realise BlueNalu works.If you are in ANIC now you are 5 years early to the party

[pugugly] 02/4/2024 09:58

Not sure it is interest rate - More likely uncertainty about widespread consumer and trade acceptance of products and profitable gross margins .
Look at what has happened to ITX this morning partially as a result of customer not accepting products as ITX trying to hold/increase margin. Now down 20%

[1chrism] 02/4/2024 09:47

The second successful fundraise by a ANIC investee in as many weeks. This time £37m Euro for Onego Bio.Share price predictably immovable. Im more worried for AIM than ANIC at this point. Which by extension is a worry for ANIC. It really does look like London has taken the interest rate problem personally.

[1chrism] 28/3/2024 15:33

The discount is real folks. Another ANIC leading the party, along to which we are early. This time it is palm oilhttps://cultivated-x.com/fermentation/clean-food-group-2-5-m-launch-non-gmo-alternative-palm-2025/

[1chrism] 26/3/2024 14:57

The ability to read it does not pervade the assumption that it has been read

[quepassa] 26/3/2024 07:31

Chris,
We can all read a RNS!!

Not entirely necessary to echo it.


Shame it wasn't an RNS about performing under their Share BuyBack Program

[1chrism] 26/3/2024 07:15

ANIC investee Clean Foods working towards getting their lab made palm on the market announce £2.5m investment from Clean Growth Fund. ANIC currently own 27.4% in equity of Clean Foods Agronomics Limited - Clean Food secures £2.5m additional funding #ANIC @AgronomicsLtd https://www.voxmarkets.co.uk/rns/announcement/33db4a59-2e44-498b-8aaa-dbd87959e83e #voxmarkets

[1chrism] 25/3/2024 13:55

I agree that it pays to be diligence and we are investing in a brand new sector. In fact not even new, it is a nascent sector.But I think as you note, what can we actually conclude about the company if/when the share buyback debacle passes? Like you, I dont know and whilst it may irk investors it does not change the status of the companies in their portfolio. Many of which are primed to go commercial in 2025.Then if nothing else ADVFN boards are the place to blow of steam about the companies in which we invest and I am grateful to you for that on this ppint.As a thought, why not submit a Q for the April 23rd Anthony Chow presentation.

[quepassa] 25/3/2024 13:39

Be careful.

The fees levied by Shellbay on ANIC can be very high indeed for such a small fund and can have a big impact on a small balance-sheet either through depletion of cash reserves or significant shareholder dilution.

And I don't yet know what to think about those situations where privately held New Agrarian Company Limited (IoM), is a co-investor alongside ANIC in the same company.

So when I see a headline RNS announcement about a major Share Buy Back Program which they don't promptly act upon, I don't like it and my antennae start whirring.

all imo. dyor.
qp

[1chrism] 25/3/2024 12:22

Whilst irritating, I think leaning on the buyback as some indicator of the value of the business is a red herring. I'd agree that it was a mistake for ANIC to even suggest it given current macro.It is worth reminding ourselves that ANIC have 20+ companies all marching towards commercialism in a sector that first has to go through approval. With the additional burden of taking flack from the industry (intensive farming) their product will eventually supplant.Also worth reminding ourselves that ANIC is led by Jim Mellon who is treating this as a life ambition. They wont ever be short of money, neither will they be worried when the landscape is better for fundraising.Mellon was recently interviewed and was quite open about the share price, trajectory of the company and the projects invested therein. I'll link and include notes later. But suffice to safe, investing in ANIC is not a 1,2 or even 5 year play. It is easily 10 years minimum. Likely some companies wont make it. But, they founded Meatly and Liberation Labs, and whilst the former may have one more regulatory hurdle to clear the latter is without competition with a clear runway.

[nakedmolerat] 25/3/2024 11:40

how much have anic have in cash and what are the admin fees per year?

if this takes years to make money, then eventually the cash will burnout out on the admin fees and salaries.

[quepassa] 25/3/2024 11:09

well, if that were the case, why announce an SBP in the first place??

And remember that it was a LARGE amount they announced....of £3m

"The Board of Agronomics announce s that it will execute an on-market Share buyback programme for an aggregate amount of up to GBP3 million (the "Buyback Programme"). "

Three million quid is a lot of money for admin.

[peterrr3] 25/3/2024 09:43

I'm guessing they need the money for admin and another funding round so they don't get too diluted in any core holdings.

[quepassa] 23/3/2024 12:25

...or what might bolster investor confidence in the Company AND THE SHARE-PRICE - is if they pulled the trigger on the October six month Share Buy Back Program which expires in ten days time.

the stated intentions of the SBP could not have been clearer.

And if there had ever been a time to buy back shares, it has been in the past few weeks when the share price has repeatedly been flirting with multi-year lows since early 2021.

In my view, this speaks to the integrity/reliability or otherwise of announcements.


all imo. dyor.
qp

[1chrism] 23/3/2024 09:08

Im not convinced that a headline on Stockopedia is to the future of ANIC, or conversation boards on ADVFN for that matter. What I think that is universally accepted is that being on AIM in the current macro climate is a bit like having a highly contagious disease. Maybe interest rate news might help, but maybe not.

[chozza] 22/3/2024 21:54

We all know this one is a slow burner, probably upwards of ten years. but slowly the advantages of cultivated products will become clear and compelling. Volume will drive price down and once price parity is achieved it becomes a no brainer from an environmental and animal welfare perspective. Future generations will look back in horror at the fact we used to (still do) cut down forests to plant crops to feed animals that we then killed and ate.
One to stick in the bottom drawer and hope your kids profit from your foresight and wisdom.
Good Luck All
Chozza

[pugugly] 22/3/2024 19:41

Rated as a value trap on Stockopedia. Discussion section interesting.

[pugugly] 22/3/2024 19:30

Rated as a value trap on Stockopedia. Discussion section interesting.

[1chrism] 22/3/2024 14:36

60 times faster than normal process of animal husbandry-slaughter, it now takes ANICs Meatable four days to produce their meathttps://cultivated-x.com/meat/meatable-slashes-production-time-for-cultivated-pork-only-four-days/

[septblues] 22/3/2024 08:52

the proverbial reed in the macro wind

so were NVIDIA, Microsoft, Apple, Google, Moderna etc once

[1chrism] 22/3/2024 07:23

ANIC Supermeat rns was great for the industry but made little impact in the market. I suspect until ANIC start talking about commercial sales we can expect more of the same. Meaning q2 2025 will be a bit more positive for the share price in terms of ANIC reporting on sales. Otherwise ANIC are the proverbial reed in the macro wind.However under the radar FSA anouncement went, the commitment to change novel food approval process is a boost for commercial viability of cellular agriculture in the UKhttps://cultivated-x.com/politics-law/uks-food-standards-agency-agrees-reforms-streamline-approval-process-novel-foods/