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Have to agree with you about AIM stock movements being somewhat baffling. AIM allshare seems to have been stagnant for a while now, at least since March this year. I'd suggest a lack of news, mixed with current finacial, economic and logistical problems in the UK economy may contribute to the current stagnency overall.
https://www.londonstockexchange.com/indices/ftse-aim-all-share
https://www.londonstockexchange.com/indices/ftse-aim-all-share
It just seems an odd mentality to sell out now and wonder if there was anything more. The SP has hovered around the same value for several weeks. There has been no news for several weeks, but the cash is there when the opportunity arises. Why sell now when you have a warchest of cash to spend to get in at the early stage development of an industry which will probably take a decade or so to come good. Is current economic noise not just irrelevant to that? Is there any underlying news that we just aren't aware of (which is probably often the case with AIM stocks). Anyway, I'll hold and see what happens longer term.
I am the same. Will hold as I believe in the portfolio but annoyed by the complete radio silence since the fundraise.
The other thought I had was that breaking below 22 (the fundraise price) triggered sell orders. Seems like that was the tipping point for the decline this week.
Yes the SP drop off is frustrating but ANIC like most AIM stocks seems to be either a coffee can or subject to either short trades or those with profit getting scared and selling up. We are also in the Summer months and I'm sure activity will pick up by October. I can't myself see any particular risk here only that (understandably) no news since the fundraise has created disolution. Didn't Jim Mellon talk about a "white space"? Any ideas what that was about? I'm holding on because the future has to be in cultured foods etc. The way our planet is going it can't be much else.
You'de think so, but stock markets aren't rational and AIM even more so. Passions, emotions and sentiments play a key role (and market manipulation for good measure) on AIM. There are a lot of decent companies who are slowly producing results, but reciever little to no attention because they are not hot stocks. Likewise, you get companies like this which are good at selling a story of future worth, and people flock to it for a time like moths to a flame.
People get bored when there is not a lot going on and go somewhere else, or they get spooked and start to worry because they are not sure why that money hasn't been spent yet. They may be waiting for the next fundraisers on their current investments, or may be searching around for new companies but have not found any at a good price yet.
grey matter, Mellon talks about "white space opportunities"at about 6.27 in this proactive interviewhttps://www.proactiveinvestors.co.uk/companies/news/950316/agronomics-set-to--completely-disrupt-the-agricultural-sector--950316.html basically creating de novo companies in areas (the white spaces) where there has been little activity to date. entrepreneur speak for doing something others haven't really done yet.
Any guesses when we'll finally find the floor?
Floor will be above 12p which is latest NAV.
Add a premium for the potential of the cash, and my guess would be a floor here at around 15p.
But I've been wrong before.
Over 100% needed for those that bought in near the top earlier this yr.
I'm almost certain there is something smoldering in the background and this is not simply people getting bored at lack of announcement. To draw a slightly obscure parallel, at the end of July I invested in the IPO of Hydrogen One Capital Growth (HGEN) who aim to invest in a range of Hydrogen projects - so a speculative industry which may take many many years to prove its worth and is heavily reliant on the climate change brigade. This IPO was massively under subscribed and in the month since, like ANIC there has been radio silence. However, this is up 14% in the past month in spite of lack of news and in spite of any other economic, growth or tapering concerns which may be influencing ANIC price. It's therefore hard to believe that HGEN investors (who will probably be a similar bunch to ANIC investors) are generally much more optimistic than ANIC investors and it seems more likely there is a more specific underlying reason for the fall - I just don't know what it is.
The 22 floor was stopping it from reaching 'technically' oversold, which it now is, so that's a good sign. Irregardless I actually convinced myself to shut up and buy more while it's down so it's all gravy. I'll blow it up on reddit again at the end of the year when I'm finished.
I've done the same, bought in thinking 22, or thereabouts would be the floor, but geared up today as I have high hopes in the long run and am going to sit any drop out, and buy larger amounts if it does drop.