Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Why is there so many high consultancy fees £3.4millionand £4.6 million and as well as gifted shares to shellbay? Also a lot seems to be taken from the company be Mellon and Eke. Even through Shellbay. Can someone explain please.
Good review of partnership between Fortnum & Masons and Ivy Farms to produce cultured meat surround for Scotch egg. The article also suggests that the Government has advised that it expects the FSA to approve cultured meat this year.
https://www.theguardian.com/food/2024/feb/03/a-very-cultured-snack-trying-fortnum-and-masons-scotch-egg-with-lab-grown-meat
PD
Nothing really new in this interview:
https://www.share-talk.com/zak-mir-talks-to-anthony-chow-co-founder-of-agronomics-aimanic-limited/
I wonder about the reference to end of March 2024. Coincidentally that is when the buyback period is meant to expire. There may be hope yet for a solid amount of buyback….possibly….maybe…
Thanks for that Dom!
I do have access:
Basically, nothing new. Also, they are not independent research. Canaccord is intertwined with Agronomics.
A little excerpt from the summary of the report:
ANIC's portfolio companies, BlueNalu, All G Foods, and Onego Bio, should all demonstrate regulatory success in 2H24, validating and de-risking the portfolio as a whole.
Valuation: We remain BUYers with an unchanged target price of 20p. We reiterate BUY at 20p. We continue to base our value on our expected NAV as of end March 2024.
hi,
yes, i guess we are all waiting to see if/how many shares they are buying back and how this influences shareholding and share price....havent heard about specific timeline though.
also anyone with access to this?
https://*********************/companies/uk/asset-management/agronomics-limited/research/canaccord-genuity/portfolio-visit-clean-food-group-for-sustainable-palm-oil/85_44b76aed-534a-4f40-8a93-7cbf30fdf900/10189bb1-e826-4854-a0d6-ce6f229f280d
Will the buy back program ever be executed?
It is difficult to comprehend that Agronomics announces the buy back program, yet no action has been taken in order to make use of the huge discount to NAV.
Anybody knows more?
Bought 27th October 2020 @ 6p, Sold 27th December 2020 @ 9.76p.
Not looked since .
Topped out after at 37p 5th May 2021 wow.
Fell back to 9p 2nd November 2023 wow.
AIM LOL
Solar Foods: Fazer introduces a unique chocolate snack bar, Fazer Taste the Future, powered by Solein®, in Singapore. Solein® is created out of thin air and Singapore is the first in the world with a novel food approval for the ingredient. The snack bar is available as a limited edition at selected shops in Singapore from 18 January 2024.
https://www.fazergroup.com/media/news-page/?id=4728275
Yeah,
also my earlier message should be nuanced as it is only a pre-market approval. But anyways a great next step
Not quite a feeding frenzy, but warming up nicely 🤠
They are now allowed to sell their beef products in Israel!
https://aleph-farms.com/journals/aleph-farms-granted-worlds-first-regulatory-approval-for-cultivated-beef/
The latest Future of Foods podcast looks at the investment hopes for 2024 - interviewing head of innovation and investments at the Good Food Institute. The cell ag industry is very optimistic for the future - the general feeling is that it can't be allowed to fail. Investors have a lot of money to put in. https://rss.com/podcasts/alexcrisp-futureoffood/1303526/
Shame the market isn't reflecting that at the moment! So much for momentum!
Walletinvestors is quite bullish about Agro nomics!
B
Whatever the absurdities of market movements I highly commend the Netflix program ‘you are what you eat’ to anyone who cares about food and where it comes from, building a very strong case for the need for all alternative food producers to be successful for the benefit for all and everyone.
Wtf was that tuppence ha'penny about?
Letting us know that the buy back hasn't started yet 😕
Market didn't take to anything today...
The market obviously didn't take to the newsletter...
Where?! I can't find any mention of 70% in the RNS announcement?
Seems like an odd thing to go to the trouble of announcing and then not executing on? Although I agree, it's upto £3mil, so could be £1, which wouldn't acheive anything. Surely at that stage though (i.e. no substantive buyback) you get into dangerous waters re stock price manipulation?
There is. It's límited up to 70% of NAV. Now You can do the math. They want to have a margin of safety.
Yes .. the problem with this kind of messaging...We Might Do A Share Buyback..is it is basically a case of ...will they or won't they ....which can start to become about the company beginning to develop a credibility problem....This can potentially develop into a trust issue about the company when it should never have arisen in the first place....Making clear a clear and proper statement on whether there is or is not going to be a share buyback is the way to go .
On the latest Agronomics report they confirm that they have 28 million cash and deposits in the bank - then go on to say that they have 23.6 million 'univested cash'. I'm assuming the 4.4 million difference is earmarked for other purposes.
They only said they might do a buyback.