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
  0.30 1.17% 26.00 3,100,334 16:35:16
Bid Price Offer Price High Price Low Price Open Price
26.00 26.50 26.25 25.75 25.75
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Pharmaceuticals & Biotechnology -0.30 -1.25 130
Last Trade Time Trade Type Trade Size Trade Price Currency
17:05:57 O 125,000 26.25 GBX

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Date Time Title Posts
17/4/202111:15Agronomics -ANIC- Clean shell, Heavyweight Board, Ready for Action696

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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 25.70p.
Agronomics Limited has a 4 week average price of 24.50p and a 12 week average price of 12.38p.
The 1 year high share price is 31.50p while the 1 year low share price is currently 4.75p.
There are currently 499,352,475 shares in issue and the average daily traded volume is 3,554,196 shares. The market capitalisation of Agronomics Limited is £129,831,643.50.
gustocomeon: anoxic, Thanks, I will never give up being a carnivore but I can see my self eating less supermarket meat and eating more butcher's meat which is so obviously locally grown and decently raised. More expensive yes - but better quality all round. Will make up by finding cell-ag and vegetable alternatives. I can already see my children and grandchildren already eating a lot less of what I call traditional foods. I am 72.And in a few years this change will be enormous starting in the developed world and then the developing world. ANIC will succeed as they focus on picking the strong businesses in this area. GLTAH. DYOR etc.
ashleyjv: A mention in the Money Week magazine suggests ANIC as a "buy now" share
mwoo: hxxps:// the above link is very interesting for ANIC shareholders and having been promoted by Bloomberg just a few hours ago can only help ANIC share price
gustocomeon: I agree Donald. To the best of my knowledge ANIC is the only UK listed play that gives us PIs access to unlisted early stage, and not so early stage companies in the "alternative food space and "cell-ag" generally. Watch out for successes in alternative cotton fibre, cell grown leathers etc. All of which are being developed. No doubt in time there will be other vehicles to choose from, meanwhile I think ANIC has a good headstart. I must recommend reading Moo's Law,and excellent book on this whole topic.
donald pond: I think on any sensible analysis ANIC is overvalued. But I'm not selling, because they own stakes in so many nascent companies that could easily become giants in the future. Even if they don't, as Meatable shows, growth and valuation is happening exponentially at the underlying level. The food giants will be sniffing around soon, and the chance of any of these companies going for multiples of tomorrow's price has to be high. It's just one of those buy and forget about investments. It will be volatile upon the way, but share price could easily be £5 in 3-4 years time.
mwoo: the stock market offical news on 18th Feb showed that ANIC has 5 million Euros in Meatable hence Anic share in them is now worth a lot more
gustocomeon: Tommy6398 - there is not a day goes by now without some media comment about the "agri-revolution" that is taking place. I think that is what is moving ANIC. The sentiment for this sector is very strong - see this as another example - What will be a future determinant off ANIC value is the levels at which some of the unlisted holdings reach on listing.. Mellon also continues to market his book which isn't hurting ANIC either. DYOR etc. G
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.
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.
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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