London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Thanks very much. Really appreciated.
I'm new still pretty new to this lark. So trying to do my research. I've had two big wins (for me) on card factory and GGP and bought Legal and General when it was covid smashed so happy with that. (Diageo and money supermarket are much more modest) They were kind of obvious to work out that these were good.
I'm struggling to pull the trigger here but I can't quite work out why. I think it is cause I have read Ben Graham intelegent investor and now can't get margin of safety out of my head.
Thanks again.
JM's said it a few times, I heard it most recently here, towards the end of the 11/3 interview/transcript.
https://www.futurefoodfinance.com/article/0001_an-interview-with-jim-mellon
"It’s about $100,000,000 in size at the moment and our objective is to make it $500,000,000 by the end of this year, which I think we can do through a process of NAV accretion, and also money that is sitting on the sidelines, but once it’s come into this area, is enormous."
Flundra and one or two others have said Jim Mellon claiming to grow to a 500mil market cap. Could you point me in the direction of where he has said this. Not doubting I would just be interested to listen to him on this point. Thanks if any can give some direction.
Yes, apologies, my mistake. Just added them, great to see them on Twitter...
They are currently on twitter - twitter handle: @AgronomicsLtd
Totally agree, huge potential for this company in the upcoming years but would be nice to see them get the message out. Would be great to see Agronomics on some form of social media like Twitter!
Having recently acquired a financial interest in Agronomics, I was dissapointed to get a one line promotional email from Agronomics with 2 links ( 1 to a FT article on Agronomics over 2 months ago! ). Come on Richard Reed or whoever is currently in charge of marketing!! Do you want this to look like a well run company or is the image of a small time investment fund what Agronomics currently wish to nurture????
Big half a million pound buys and sells going through today along with numerous 100k/200k transactions over the last week. Is this usual trading for Agronomics?
I agree with Flundra.
There is no-delisting for 3 years from 1st July 2020 and even when that date comes up 75% of shareholders have to agree with de-listing. Agronomics is a great medium to long term investment, not for the make money quick who follow the herd, who sometimes the herd have no clue where they are going, not wishing to sound rude.
I am in this for the next 5 years where I expect a share price of £10 +
For me this is great buying opportunity :)
THE FACTS ARE BELOW FROM AGRONOMICS RNS RELEASE AND RELEASE DATES
Agronomics RNS 19th June 2020
Under AIM Rule 41 the De-Listing would be conditional on 75% of Shareholders voting to support a resolution to delist. Prior to convening any such general meeting, the Company has initiated a 14-day consultation process to establish the level of Shareholder support for the Proposals (the "Shareholder Consultation").
Conclusion of consultation being to remain on AIM
1st July 2020
The Board is conscious that, as a consequence of the consultation process, some shareholders, and/or potential new investors, may believe that, despite this decision, the medium-term ambition of the Board might be still to de-list the Company. To reassure shareholders that this is not the case, the Board has today provided Beaumont Cornish Limited (the Company's nominated adviser) with an undertaking that it will not, other than due to regulatory reasons beyond its control, or in the context of a proposed takeover by an arm's length third party (in compliance with the Takeover Code), seek to de-list the Company's shares for a period of three years from the date of the undertaking.
Thanks for clarifying.
ANIC undertook not to delist for 3 years (1 July RNS). And anyway the rationale for going private set out in the 19 June RNS doesn't really apply now and moreover was firmly rejected. I reckon funding from public equity markets should be readily achievable now and I'm sure Jim and chums will stump up any further bridging finance needed anyway.
To be honest, unless he backs it up with evidence I am sceptical. They have tried to pull that stunt before, were PI's would be short-changed by a ridiculous dicount. There was a massive backlash. From what I remeber, they wrote in a RNS they would not consider doing this again for a while subject to the share price going above a certain level (which it has). Doesn't mean it won't happen, but it may be tricky for them to do so. I think the IPO thing carries more weight at the moment. If push comes to shove, you could always buy private shares of BlueNalu and others from brokers.
How do you know?
If you across the portfolio of companies apart from the eco value, one of the main common features is that alot if the companies can scale fast and have better profit margins than the current markets they are looking to replace.
If 2 or 3 of their holding comings pop then £500m is very easy this year.
FrankyS1971
going private/delisting. Does that mean PI's get totally screwed?
The business is going private with a vc investor.
Not by share issues alone, for sure.
He put forward this $500m by end 2021 figure late last year and repeated it last month, so I guess we must take him seriously.
To achieve that, my hunch is that he's banking on at least one pumped up IPO (most obviously BlueNalu), and to raise cash from at least one big new II. The time seems right.
Jim isn't going to get his predicted $500m market cap by 31st December through share issues. What is he planning?
IMO there's scope/need for a new big independent cornerstone investor or two now, to take say 20% of an enlarged ANIC, take it to the next level, particularly now that we seem to be re-established as a publicly traded listed company. If I were Jim (with my aspiration of a $500m mcap by December), I'd be courting a progressive ethical fund or two. The money from the last raise (mainly from Jim and his mates) is pretty much fully invested, yet there are several more investable companies out there, as well as the ongoing funding needs of the existing investees. After Jim and his mates, the other significant shareholders seem to be mainly nominees (someone correct me if I'm wrong but I believe these are basically only the platforms PIs hold under for example). The 2020 AR significant shareholdings figs are:
Number of
ordinary shares
Percentage of total
issued capital
Jim Mellon(1) 65,092,909 19.63%
HSBC Global Custody Nominee (UK) 41,586,146 12.54%
Hargreaves Lansdown (Nominees) 18,053,311 5.44%
Platform Securities Nominees 14,744,771 4.45%
Morgan Stanley Client Securities 10,574,290 3.19%
Couldn't agree more - the world needs solutions and ANIC and the companies it invests in are a really big part of that.
Watched the SEASPIRACY and COWSPIRACY on Netflix so this is the right share to be in for the future. Bought some more today.
Mate, that's a load of tosh.
'In this country we have got grass, and grass can be produced very easily on land where you cannot grow crops. And this land will produce some of the top quality proteins: beef and lamb. And it’s done in a sustainable, regenerative and very environmentally-friendly way.'
That "Grass" would most likely have been forest or some other biome which would act as a better reserve for biodiversity and as a carbon sink. I've got heathland near me which needs to be slash and burned every so often to maintain it for livestock and for a few isolated sand lizards whom seem to have got trapped there historically. This stops birch and pine trees from growing which help suck up a lot of the excess water and helps to reduce flooding (which in my area, is becoming more of an issue). Whilst pasture fed beef may be more enviromentally benifiecial than intnsive farming methods, it does not mean it is nessisarly ecologically more friendly. Now, organisms have adapted to man-made ecosystems over time meaning that returning to traditional farming practices would potentially help restore some biodiversity and going full throttle of rewilding may cause problems because of the speed and other factors needed to be taken into consideration to succesfully do it (if possible given current social and economic restraints). It is a complex issue and doing anything may have a lot of consequences (intended or otherwise).
This just seems to be more reactionary culture war BS (not suprised, it's the telegraph) that is more concerned with pushing an agenda rather than showing "them the facts and give them the opportunity to make up their own minds". I mean I might as well be listening to a guy down the pub about ecology than the guy they interviewed. Farmer's aren't ecologists, they are farmers who expertise is in producing livestock and crops to sell. They have a diffrent set of understandings and commitments govening what they do.