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In ANIC's half year report, it showed that they were sitting on 66% cash, presumably that's the £62m raised and some change left over. I have heard that the plan was to invest this within 8 - 9 months from various podcasts that Jim Mellon has done.
Does anyone know when we should start to worry when that money hasn't been invested? It's been 2 months and ANIC has been a bit silent lately. Would be good to get some firmer news about their approach moving forward.
I'm Hopin going they're waiting to report the new improved NAV before investing. Dissapointing sp in recent days but encouraging that Shiok Meats investment is up to 30 mil considering Mr Mellon called it one of Agronomics worst investments online recently
Not long now 100Cups. News, NAV, Mellon's bonus and Agronomics own brand.Details coming very soon. Wouldn't be in a rush for news though as there'll be another £62 mil to churn if the sp hits 28 soon anyway
Also no news on who the new joint head honcho will be (as per recent RNS) 100Cups. Any ideas or theories on a choice??
I'm optimistic and will continue to add to my position (and it's my largest by far), but I do think that we'll continue to bleed downwards unless there's some update/communication. It does seem a bit too quiet!
The agenda for anic only grows every day, we just need to get that cash invested
FYI - emailed ANIC about when we'll hear about new investments and updates and got a reply within the hour:
"Please find the most recent newsletter here: https://mailchi.mp/23b24b9ccab1/wlydxm162w-4173621
We are actively identifying deals and the board continues to assess options for deployment."
Nice to see they replied so quick, I get really annoyed with companies not replying!
To build confidence information needs to be free flowing. I am a committed believer in what Agronomics is investing in and what cell developed meat and fish and other products and materials bring advantages environmentally. I can't see the new cash mountain investors being inspired in the current share price that they bought in at believing they were getting a great discounted deal (22P)? Also to get hold of the bigger cash mountain from the cash mountain investors that kicks in at a discounted 28p you would imagine the ANIC share price would have to be in the middle 30's or 40p at a minimum! What is the Agronomics Board doing to get the share price moving, assuming they want the additional £80M ish bigger cash mountain.
I'm sure I had read somewhere that they expected the cash to be fully invested in 9 months. That being the case and given that I don't think it would have taken a rocket scientist to foresee that they would easily raise the desired cash level, I do find it a little disappointing that there were not at least 1 or 2 investments which were "oven ready". Ah well. My expectation is there is going to be very long periods of watching paint dry with this stock followed by sporadic significant moves (not necessarily upwards) driven by whatever news gets released re. investments, IPO's or regulatory changes. The most recent newsletter was just drivel. I don't care if staff went on a jolly to Israel and tasted chicken that tasted of chicken. Given the hype, anything less would have been awful. Still, I am happy to wait patiently for a few years.
didn't think the newsletter was that bad
but can see sp sliding out of sheer boredom
or a pre-autumn raid?
stop losses at 20P?
No news for 4 months and slow sell off. See people continuing to sell to move to other investments.
Agree with RWT, why raise funds if you don't have any investments ready to go?
The cynic in me wonders if it's to give Mellon's company a nice pay boost by increasing the NAV...
Jim needs to get out there banging his drum for cell-ag again. Didn't anticipate this dropping below the 22p placing mark but what do I know. I'm not overly concerned as I see this very much as a medium to long term play 5-15 years. Patience gets thin with no news flow and traders go chasing profit elsewhere. Happy to just keep adding month by month until I get my 100,000 shares and I see the dips as an opportunity. Would be nice to see a few new investments come on stream at least or top ups in some of our existing/better cell-ag plays (Blue Nalu etc)
xviolet - you didn't think the newsletter was that bad?! I'll break it down for those who haven't read it:
1 - We raised lots of money. Yes, we know and you've not invested any of it.
2 - We ate some cultured chicken and it tasted of chicken. Not news.
3 - Lots of money was raised globally within this sector. Here's some examples of companies who seem to be doing well and who we haven't invested in.
4 - List of companies we actually are invested in - they have raised money too. Yes, we've known that for a while. Not news.
5 - One of the companies has rebranded to a forward thinking Latin name. Latin FFS! This is cutting edge forward thinking?? They were probably guided by the same management consultants who told Standard Life Aberdeen to just go with ABDN. Or whoever told Royal Mail to rebrand as Consignia. Smoke/mirrors or Emperor's New Clothes i.e. there's nothing there and it's not news.
6 - Link to LifeCycleAnalysis document which shows that plant based substitutes (which we aren't invested in) have far lower carbon footprint.
7 - Link to some press articles.
8 - Plug for Jim Mellon's book
That aside, the company half year update was truly informative and will inspire investors to get on board.
RWT1
hmmm. ok.
maybe I will revise my opinion
and yes I am invested. but not a huge amount. its not like I think 'oh yeah anic is the new amazon and I must re-mortgage to get in...'
I do think this sector is the future. But its a shame that ANIC is the only entry point I have been able to access. That and Meat 3-D. Which I like because they picked up Peace of Meat.
sp
that is Meatec 3-D
the portfolio is more widely based than just cell ag.livekindly and rebellious foods are plant based. oritain has a completely different focus(although its a very small holding i accept) i haven't gone through them all so there may be others which are not cell ag.
Current nav is near 12p including cash raise which is twice as much as the nav was when the sp was at 40p.
And doesn't Mellon get paid for a 15% uplift in the NAV as part of his fee? Which raising £66m of capital achieved as it was the main driver of the NAV increase.
None of which has yet to be invested... hmmm
@xviolet There is also Eat Beyond based out of Canada if you have access through your broker. They are invested in some interesting startups in this sector and their share price is in a bit of a dip at the moment. Unfortunately my broker doesn't have access to them!
....but in any case the current investment portfolio is not proving especially inspiring to the wider investment community.
The SP movement of AIM stocks is somewhat baffling, so not sure if there is anything to read into the current downward trend. Why would investors get bored this week and decide to sell off? Have I missed some critical news?
I think it's a lack of momentum/people trying to lock in profits coupled with absolute radio silence from Agronomics.