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does anyone has access to this report?
and
is canacord genuity actual independent to agronomics and jim mellon or do they have any reltationship?
https://*********************/companies/uk/agronomics-limited/research/canaccord-genuity/emphasising-precision-fermentation-and-portfolio-progress/85_12d4a96b-5f81-402b-a464-0cf3f302435d
Yes, VOW is progressing nicely!
Hi,
anyone here with access to the new report published by Canaccord Genuity? I heard they have released something on ANIC earlier today but can't access due to their paywall.
Not sure if I'm remembering correctly but is there a load of share waiting to be cashed at 17p?
Was it put back as sp was too low?
Can't find rns....I could be wrong
I'm also not comfortable with the apparent conflict of interest, it would need to be declared at pretty much every board meeting. However I think the core portfolio is generating sufficient momentum and excellent press coverage that at the end of the day there will be enough of the pie to share around so we can all get a feed.
Just Google "new agrarian company" and a host of links will come up..also can ask at the QandA about it.
Do you have any source link in order for me to be able to do my own due dilligence?
New agrarian was set up for jims private wealthy friends to invest in what was supposed to be for us retail. They get to pick and choose first maybe I don't know. That and the payments to shellaby came when sp was high and AIM had money so didn't seem AS bad. But now.....
@Dearmal
What is this Agrarian. Do you have any link?
Because I can't find anything about it online.
Yes, most of their portfolio companies will do additional funding rounds and there are soo many more companies being incorporated in the space. Better spend the cash in investments!
I'd prefer they kept the cash for new & follow-on investments.
Best case the buyback would temporarily shift the price up a penny or two..
If I'm correct when I first invested in 2019 there was no nice payments to Jim at NAV and no agrarian. Since then it's peaked and dropped to price now through mistrust in Jim's lack of care to new investors. You can't mention a buyback and then....nothing!
The Q and As at this investor meet need to show that.
They tried to go private back in 2020 but was voted down. I can’t see how a board can recommend this option right now given the price action on C4X and RedX - obviously the insiders could just scoop shares at 2p from panicked PI’s but previously ANIC did offer to tender at a premium to NAV. I reckon there’ll be class action lawsuits w.r.t. some of these recent privatisations without a tender offer.. FCA should definitely take a look.. managenent sold this investment as a vehicle for retail to get exposure to an evolving field so they should honour that. The plan seems to be to sit on hands with the £30m cash and wait for price to recover to NAV type levels - I think with some progress towards commercialisation this year then we could see that.. maybe Meatly?
Surely if they did they’d have to pay NAV to the current shareholders? Not sure they’ve got the cash for that. Besides they’ve got the other company (Agrarian?) that is for private equity investors
Please tell me there's no danger of them taking this company private
I'll get more committed when scale up trials are completed successfully and a material supply contract or license is in the bag, without regulator intervention. I see the Australian government requires 5 years of safety trials in bulk with all product destroyed for anything considered GMO in this space. US probably more comfortable with it.
I have not added since November 22, and I'm nursing big loses here. But I think it is the time and the price to increase my position once the new ISA allowance is opened for the next financial year.
What a great start to April. This does give me more confidence in buying more shares for sure. :)
RNS good news and underpins ongoing gov financial support for the tech which minimises dilution. May add a few whilst the price is so miserable.
Https://www.linkedin.com/posts/liberation-labs_biomanufacturing-activity-7179544699609763840-kFRz?utm_source=share&utm_medium=member_android
Just a quick message and time lapse of some progress at liberation labs. I consider this to be one of the ace cards in the anic portfolio so this is exciting to see!!!
Des I agree with your analysis. However I'm hoping that having sourced a chunk of grant funding to pilot test some may be able to do it again on the back of early success/supply contracts or at least some low interest government program. Just wishful thinking. I'm in low so happy to bottom draw it for 12 months if the fund needs to hang on to cash.
Feel embarrassed I haven't been following the wider macro issue. Had no idea that this became such a contentious culture war issue in the States. Completely explains the SP right now.
Times have a piece out now covering what's happening.
I love the idea here but the current financial climate for small pre revenue biotech companies is extremely tough.
ANIC needs considerably more cash to continue investing in follow on funding rounds, even to maintain current equity positions in portfolio CO’s, and exploring new investments.
With the share price miserably low a large raise risks huge dilution to holders, and would negatively skew/inflate the mcap. Instead, the company appears to be sitting on its hands hoping the tide turns, losing out on vital %s as these early portfolio companies make progress.
Catch22! Waiting until they improve their balance sheet before taking a sizeable position AIMO
Only a few hours to go.
I expect an RNS on April 1st to keep us informed.
April fool??🤠