Share Name Share Symbol Market Type Share ISIN Share Description
Agronomics Limited LSE:ANIC London Ordinary Share IM00B6QH1J21 ORD 0.0001P
  Price Change % Change Share Price Shares Traded Last Trade
  0.25 1.82% 14.00 1,480,381 16:35:03
Bid Price Offer Price High Price Low Price Open Price
13.75 14.50 14.25 13.75 13.75
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Pharmaceuticals & Biotechnology -0.30 -1.25 70
Last Trade Time Trade Type Trade Size Trade Price Currency
17:46:04 O 3 14.00 GBX

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Date Time Title Posts
15/1/202115:18Agronomics -ANIC- Clean shell, Heavyweight Board, Ready for Action634

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Agronomics Daily Update: Agronomics Limited is listed in the Pharmaceuticals & Biotechnology sector of the London Stock Exchange with ticker ANIC. The last closing price for Agronomics was 13.75p.
Agronomics Limited has a 4 week average price of 9.20p and a 12 week average price of 5.50p.
The 1 year high share price is 14.35p while the 1 year low share price is currently 4.25p.
There are currently 499,352,475 shares in issue and the average daily traded volume is 4,416,338 shares. The market capitalisation of Agronomics Limited is £69,909,346.50.
rivaldo: 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....
3ootuk: Israeli SuperMeat investment. The production cost of their restaurant chicken burger has recently been estimated at $35.
rivaldo: 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: Https://
1jbrisky: 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: They did want to buy out PIs before, so that's a start for the offer price
jane deer: 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.
3ootuk: I've dipped my toe in here with profit from top slicing miners, on a very longterm 'get in at the beginning' view. I think we will see a change in consumer attitudes over the next 10 years based on ESG concerns as the climate change generations enter the workforce gaining disposable income and a say in retirement funds/savings/investments. Already many countries are banning the sale of petrol/diesel cars in the next 10-20 years. Use of plastics and animal hides could be replaced by plant based/lab grown materials. There's a change in electricity supply to a big push for wind power, solar, and other renewable. Not relevant here, but the ESG ethos becomes more important to investors, with fund managers needing to comply with ESG principles to green their portfolios. Wind power was negligible 20 years ago, so we are in a similar situation with artificial food. There's pressure on subsidies for commercial farming, and a pushback against large agrochemical farming. The pressure on land and water as well as the general ecosystem means new ways of producing food without destroying the environment are required. We need to get away from the protein shake view and have proper food that tastes traditional at the right price. Commercial fishing has major geopolitical implications with fished out waters and rights of access. Modern animal farming has seen bird flu, swine flu, tuberculosis, foot and mouth etc etc. In a smaller less connected world, these could be contained. Nowadays an animal based virus can spread worldwide to pandemic levels. The mass slaughter of animal farms appears to regularly happen, and slaughterhouses appear to be incubators of some diseases? You could almost say this could be part of the "Great Reset" where society around the world has to be manipulated to change behaviours. Animal based products will start to be seen as unnecessarily cruel once artificial sources start to gain price parity. A bit like solar and wind power, the production may be government subsidised to build up the industry to a level where it has the scale of volume. As a small investor, its difficult to find novel food sector companies that rely on animal substitutes. Private investors are mostly shut out of many investments. Anic has a finger in many pies. The downside is the regular fundraising and dilution of this share. It's definitely a high risk ground floor investment.
gb904150: really good Moneyweek interview with Jim Mellon here. hTTps:// Longevity, agrarian revolution and the green revolution. He touched on these at the Moneyweek wealth summit back in 2019 when people were still allowed to be near each other! JM holds a big stake here and just increased on the recent placing which, true to their word was at the min price of £0.06 stated 5 months ago. The £10m raising was oversubscribed. I'm sure most II's didn't participate in the 'broker option' given that you can pick these up at a market price of £0.05545 rather than £0.06. I've had some more for my SIPP on a 5-year basis. ANIC used to trade at big premium to NAV...about 50%. I assume that was due to the exciting 'agrarian revolution' story and that there is no other way to invest in these privately growth/tech food companies. I think lab grown food will be a hot sector in the future. I note JM suggests in a couple of years plant structures should reach 'griddle parity' with the natural equivalents. With meat based in 5years. A tipping point will be reached....and at that point I think the opportunity to buy in will be at a higher price. Any holders still here? Thoughts? A few positives from me: It's a way to access companies that otherwise are well out of our (ii's) reach. It's at an 8% discount to this placing at £0.06 They have established relationships with early stage companies in seed-funding rounds. They will get opportunities to top up ahead of others.
burtond1: Here, we have a detailed look into @AgronomicsLtd and discuss is the future of meat in a plant? "with a share price hovering just under 7p, #ANIC seems a solid starting place for investors seeking to foster positive change and realise a decent return"
mam fach: Good news from BlueNalu must already be factored into ANIC share price.
Agronomics share price data is direct from the London Stock Exchange
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