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Sometimes wonder if we should go all in helping a couple of the fermentation companies get to full production and PR. Think we could do with a Q@A session with the man where they don't cherry pick the questions. This can still be a major stock to hold but needs new investors.
Definitely not panic stations yet for Anic
I read in the FT that we are facing a massive shortage of chocolate as inventories are used up and supply cannot be easily increased in nature. One problem like this that ANIC companies can solve and we are off to the races.
Here is another opinion piece in the New York Times about the state of the cultivated-meat sector:
The Revolution That Died on Its Way to Dinner
https://www.nytimes.com/2024/02/09/opinion/eat-just-upside-foods-cultivated-meat.html
To summarize the view presented in the article: the outlook is dire and most, if not all, companies will fail.
If we hypothetically assume that all of ANIC's investments in cell-culture companies have zero value, we will have a new NAV of 16.48*(1-0.32)=11.3p. Surprisingly, this still leaves the company trading at a discount!
I noted that the slide in the company presentation showing investments in the sector year-by-year has now been removed, likely because funding has now dried up.
I am holding on to my 500 000 shares, still hoping for a positive outcome. The precision-fermentation sectors seem to be in much better shape, with potential to scale, and there is always the possibility of unexpected advances in cellular agriculture.
Full marks for the regular RNS's, they are certainly trying, even if it is the same old stuff!
Thanks for sharing, RWT2. Upside Foods, and likely the cultivated meat industry at large, are unfortunately having problems. Here are two recent articles describing the problems:
December 14, 2023. Bloomberg: The Biggest Problem With Lab-Grown Chicken Is Growing the Chicken
https://www.bloomberg.com/news/features/2023-12-14/upside-foods-struggles-with-lab-grown-chicken-despite-600-million
September 15, 2023: Wired. Insiders Reveal Major Problems at Lab-Grown-Meat Startup Upside Foods
https://www.wired.com/story/upside-foods-lab-grown-chicken/
Upside Food is apparently only selling a pound of chicken a month.
Given this, it makes sense that ANIC has shifted towards precision fermentation. This is different from both a production and regulatory standpoint, and the precision fermentation sector can succeed even if cultivated meat companies suffer setbacks.
Anic aren't invested here but upside have been front runners for a while. Article below may well demonstrate sensible business but probably not a good sign for the industry
https://www.wired.com/story/upside-foods-glenview-illinois-factory-lab-grown-meat/
Thanks for putting this together, Agricore. Just to note that Good Dog Food was rebranded as Meatly towards the end of last year - hoping to hear more about them in the near future as the expectation was for their products to be on sale early this year.
Https://theoakbloke.substack.com/p/anic-ye-results-2023-tasty-times
Bill Gates is now a foodtech investor. On his blog, he describes two companies producing alternative fats that he has invested in. The first, Savor, seems to produce animal fats through a process that is neither cellular agriculture nor precision fermentation. The second, C16, produces a palm-fat alternative using precision fermentation. You can read more here:
https://www.gatesnotes.com/Alternative-fats-and-oils
Perhaps ANIC should also look into Savor, to broaden the portfolio with a new production technology?
I agree about Jim's money printing machine. I've emailed and will ask the question's repeatedly to them.
"Why are you taking so much out when your investors are mostly underwater"
"Where's the buyback you mentioned?"
I just hope these future investor chats will help us understand where all these companies we own a part of are at.
It only takes one or two to gain traction in publics eye to move this industry on..
Oogle,
I posted the following on the 6 Feb following an email from Meatly - I'm assuming it was sent to people who regestered an interest in the product via their webiste. I assume it is from the company.
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
Received general email from Meatly
Summary:
Invitation to participate in Series A fund raise
conducted nutritional tests on product - contains all amino acides and has similar nutritional profile to checken
Boosted yield of product produced
Improvement in cost reduction of product
In the process of conducting kitchen and feeding trials before the official launch in the coming months
regards
Can’t see any sign of Meatly for sale in uk. Yet another Mellon broken promise like Blunalu that was supposed to be on the market 2 years ago. How on earth Mellon can justify his fees I don’t know. Obviously that in itself is a big disincentive to invest here.
I'm referring to Meatly, the pet food company.
Stewie, pub intended?, not sure about meatly but beyond meat is quoted
On Google finance just below anic. unfortunately 50% down in the last 6 months.
Hopefully we will bounce soon now that we are in double bottom territory.
Someone mentioned that Meatly has gone to market. Can their product now be bought in the UK?
I'm sure institutional investors are aware of situation. Have emailed chow and melon in past. I think we both know retail investors carry no weight individually. Will ask them again in Q@A. Had no reply regarding buyback.
You can write Anthony Chow directly. In the past he has responded. Or find a way to place these question with a higher weight. I.e. get some of the institutional investors on your side and convince then it is worth stressing these questions.
Again, what are your ideas to add some weight on these questions?
Even seen 250,000 going just now
Some bigger volume trades going on now with several 100,000 and some 50,000 maybe something in motion??
First question
You mentioned buyback so when?
Is new agrarian first priory for you?
Why you take so much money/shares out when no performance in stocks.
Presume that's not directed at me, but the other posts since your last message are pretty clear so I don't know who you're referring to.
Can You explain in laymans language and without abbreviations?
Can Meatly be bought now in the UK?
Well let's hope then he is so optimistic about the near future of the portfolio, he decided to take these shares now.