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ANIC Agronomics Limited

0.10 (1.02%)
08 Dec 2023 - Closed
Delayed by 15 minutes
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
  0.10 1.02% 9.95 483,312 13:04:40
Bid Price Offer Price High Price Low Price Open Price
9.70 10.20 9.95 9.77 9.85
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Investors, Nec 14.76M 8.36M 0.0084 11.85 98.82M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:24:40 O 3,963 9.89 GBX

Agronomics (ANIC) Latest News

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Date Time Title Posts
05/12/202315:37Agronomics -ANIC- Clean shell, Heavyweight Board, Ready for Action1,612

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Agronomics (ANIC) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2023-12-08 16:24:419.893,963391.94O
2023-12-08 16:18:059.7610,5211,026.32O
2023-12-08 16:09:429.8910,1631,004.92O
2023-12-08 16:09:049.8810,122999.95O
2023-12-08 16:08:5310.2030030.60O

Agronomics (ANIC) Top Chat Posts

Top Posts
Posted at 17/11/2023 18:45 by halfpenny
ANIC future prospects have grown tenfold.
Money week also highlighted ANIC last week.

Expect an explosion of interest in ANIC. It also noted 40% discount to NAV provides a great base to start investing as interest in ANIC grows and investments start to be Fruitful especially in the Pet Food Market. WoW !

ANIC Success in the pipeline as market matures ten fold!.
Posted at 11/11/2023 14:16 by halfpenny
Just in case you missed article in Money Week ANIC was covered as a great opportunity as the Market wakes up to its huge potential.

Expect an explosion of interest in ANIC. It also noted 40% discount to NAV provides a great base to start investing as interest in ANIC grows and investments start to ve Fruitful especially in the Pet Food Market. WoW !

ANIC Success in the pipeline as market matures ten fold!.
Posted at 07/11/2023 08:27 by davebowler
Positive NAV momentum On Friday, Agronomics reported its 30 September 2023 financials. The company's NAV/ share has increased by 4% to 16.48 pence from the last reported value of 15.80 pence in June 2023, manifesting the fruits of its shrewd investment strategy in cellular agriculture. The net assets now stand at £164 million, underpinned by a £140 million investment portfolio, complemented by c.£24 million in cash. Despite the venture capital climate being constrained by economic uncertainties, Agronomics has recently closed several funding rounds on its portfolio companies, indicative of the portfolio's resilience and continued growth potential. We remain BUYers with an unchanged target price of 20p. We continue to expect progressive growth as the cellular agriculture sector, particularly precision fermentation, evolves; we note the sector is still attracting new investment rounds at progressively more robust valuations. Trading: 40% discount to NAV Agronomics' share valuation in the market is currently at a substantial discount to NAV, exceeding 40% as per the last close price. We note that approximately 30% of ANIC's NAV is based on transaction values over the past 12 months, and we note continued successful transactions. £3mn in buyback In light of the discrepancy between NAV/share value and share price, the company has launched a discretionary share buyback programme for up to £3 million, which began on 2 October 2023. This six-month initiative aims to recalibrate the share price to reflect the company's worth and enhance the NAV per share. Portfolio developments and financial position Portfolio highlights include Meatable's successful c.€30 million Series B round, with Agronomics' €4mn investment now valued at £11.8 million, inclusive of an unrealised gain of £3.9 million. Clean Food Group also completed a £2.3 million Pre-Series A round, with Agronomics contributing £0.7 million, now valued at £6.97 million, evidencing a significant IRR. This investment propels Clean Food Group to construct a new UK facility. With a substantial cash reserve, we believe Agronomics is strategically positioned to capitalise on cellular agriculture opportunities without immediate fundraising. Valuation: no changes We continue to base our valuation on the estimated NAV at the end of next quarter (December 2023), factoring in Agronomics' established proficiency in increasing the value of its portfolio. We reiterate our target price of 20p, which would make the stock trade at a ratio of c.1.2 times our projected NAV for December 2023. We remain BUYers.
Posted at 13/10/2023 08:46 by 1chrism
ANIC is an easy target for a seller on current trend. ANIC companies are all pre revenue and majority will be like this until 2025. Add interest rates into the mix, the apetite is for say defensive stocks. And we have probably have a recession round the corner.But, there is no other investment trust for cell ag. that can compete. All companies have a clear and realistic pathway to commercialisation. Blue Nalu recent strategic partnerships are a great example.Id expect the share price to drop until interest rates srart improving. Even if/when Good Dog Food does the pet food equivalent of inventing the car I'm fully expecting no market reaction.So long as cash balance remains healthy and investment strategy realistic the share price trajectory is no different to nearly all AIM listed companies. You only need to note AIM all share price which is back to 2016 lows at least.
Posted at 25/9/2023 06:48 by superiorshares
I had a quick look at Space investment.
You fail to mention that the share price has fallen from a high of £1.28 . Down to 26p . And then a bounce up to 50p with the share buy back. It has already moved lower to 48p .
The people who invested at the higher levels are never going to get there money back , let alone make a profit .
This is because there is no actual business there. All the space talk was another momentum story for financiers to make money.
Which brings me to Agronomics the share price story is very similar to the Space one
Posted at 24/9/2023 10:09 by quepassa
I think the Share BuyBack Program is a great idea.

But the RNS was pretty unclear and/or unconvincing on the mechanics of the programme on TWO POINTS.


It says that the Board has to approve each and every purchase.

It is not clear whether the Board approval is needed ( as I suspect) PRIOR to any market purchase of shares by their broker or after the event.

If Board approval is required PRIOR to each purchase - what are they going to do? Convene a quorate Board meeting each and every time the broker rings them up? If so, it doesn't sound very workable or practical to me with 5 Board Members to consult/vote.

2. I think they have also badly shot themselves in the foot as one of the pricing conditions is that they WILL NOT pay higher than 75% of last reported quarterly NAV.

That means no higher than 75% of last NAV of 15.8p which is 11.85p - being the current max they will pay. Not really a heck of a lot of upside to the current share price

I interpret this in the vein that they EXPECT the share price to continue trade at a D2N of at least 25%. That doesn't sound very upbeat about the future prospects for the discount to narrow if their low ambitions are just to move the current discount of c 37% to 25%.

Yes, many specialist vehicles in illiquid investments do trade at significant discounts but some at much tighter discounts than 25%.


The mechanics of many SBP's can be over-complicated, unwieldy and too restrictive. And I fear that this is one of them. It is not a convincing SBP in my opinion.

Another specialist investment vehicle Seraphim Space (ticker SSIT) recently announced (RNS 13/7) an SBP which was the clearest and most straightforward I have ever seen. And they have been buying back nearly every day since their announcement.
The max they will pay is 100% of NAV. Fair enough. Ambitious.

Jim Mellon should take a look at it and what has happened to SSIT's share price as a result.

The results of SSIT's SBP have been to DOUBLE the share price in just two months.

Sorry but I don't think ANIC's SBP is a very convincing one.They should think about revising it in my view, if they are serious about it.

Posted at 22/9/2023 12:44 by 1chrism
I agree with you that it on the face of it seems a little unnecessary to pump the share price. With regards to investees, I think most of the big ones going commercial are set when it comes to factories: Liberation Labs, Mosa Meat, CellX, Galy (all going commercial early 2025). Although perhaps Good Dog Food fall into the category of needed money to upscale.Perhaps the timing not so terrible. It is a year at least until we start getting news of useful income for commercialisation. There is no reason for the share price to continue to fall until then. Also the Bank of England holding interest rates might be helpful for the market.
Posted at 20/9/2023 07:21 by halfpenny
Future is strong for ANIC investments.
The Dog food industry is massive and All dog owners love animals so the ANIC dog food investments will be in great demand taking a huge share of the current and future dog food market.

Q4 looking strong for ANIC as results and regulatory approvals are positive with a multi Billion market opportunity.

These levels are a great opportunity and as news flow ANIC can move up very rapidly as they have a huge value opportunity.

The areas invested are for the future with Billions Market potential so expect Government Approval and market areas to start building upwards and onwards.

Great Value with Massive Market opportunities Ahead.

Happy Days Ahead for ANIC so get ready.
Posted at 19/9/2023 09:00 by 1chrism
Some superior and valid points there, and questions worth asking. On the money in the kitty, I dont think there is an expectation for ANIC to pay for whole factories and indeed they have not done so to date. The money has and will be essential for fundraising.With regards to pet food and 'the youth' I think you highlight some areas of interest. I think to begin with lab meat will be out of reach for the youth because it will be more expensive. Good Dog Food will, however, start a conversation about pet food that has not be hitherto explored en masse with regards to what we put in our pets. Whilst superior to many pet foods I suspect even Lilly's kitchen will fall miles short of Good Dog Food (whilst ingredient in Lilly's are fresh reviews have noted a high ash content meaning potentially more bone).I think younger people tend to value environmental issues more but I also think to begin with Good Dog Food will be accessible to people with deeper pockets. When it comes to human food, I think if lab meat is microwave meals, then we have hit the jackpot. Again, to begin with it will be for those with greater disposable income. Take as am example Upside Foods and Good Meat starting off life in Michelin star resturants. I think where ANIC is concerned I see no need to expect a miracle in terms of commercialisation, market share, or share price. Jim Mellon has not changed his stance on commercial pathway. But I also see ANIC as having a solid and proven game plan. That said, I think it is necessary to continue to ask questions like the one's you posed. I think given ANIC is full of private companies and commercialisation for all big opportunities is early 2025, it is prime for short sellers. But given all fundamentals are paid for and offtake agreements are in place, Im happy to receive a 25%+ discount
Posted at 15/8/2023 09:13 by 1chrism
Yup, it is a testing time if the focus is on the share price alone. Added to that, bar any nice surprises I suspect the really good news will not start until autumn (with Good Dog Food).I think share price will likely to continue to fall over the summer but this is in line with macro economics. The pipeline for commercialisation is pretty much set, the cash in the bank is great so the overriding feeling for me about the share price is guilt that it is so cheap.
Agronomics share price data is direct from the London Stock Exchange

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