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Yeah,
also my earlier message should be nuanced as it is only a pre-market approval. But anyways a great next step
Not quite a feeding frenzy, but warming up nicely 🤠
They are now allowed to sell their beef products in Israel!
https://aleph-farms.com/journals/aleph-farms-granted-worlds-first-regulatory-approval-for-cultivated-beef/
The latest Future of Foods podcast looks at the investment hopes for 2024 - interviewing head of innovation and investments at the Good Food Institute. The cell ag industry is very optimistic for the future - the general feeling is that it can't be allowed to fail. Investors have a lot of money to put in. https://rss.com/podcasts/alexcrisp-futureoffood/1303526/
Shame the market isn't reflecting that at the moment! So much for momentum!
Walletinvestors is quite bullish about Agro nomics!
B
Whatever the absurdities of market movements I highly commend the Netflix program ‘you are what you eat’ to anyone who cares about food and where it comes from, building a very strong case for the need for all alternative food producers to be successful for the benefit for all and everyone.
Wtf was that tuppence ha'penny about?
Letting us know that the buy back hasn't started yet 😕
Market didn't take to anything today...
The market obviously didn't take to the newsletter...
Where?! I can't find any mention of 70% in the RNS announcement?
Seems like an odd thing to go to the trouble of announcing and then not executing on? Although I agree, it's upto £3mil, so could be £1, which wouldn't acheive anything. Surely at that stage though (i.e. no substantive buyback) you get into dangerous waters re stock price manipulation?
There is. It's límited up to 70% of NAV. Now You can do the math. They want to have a margin of safety.
Yes .. the problem with this kind of messaging...We Might Do A Share Buyback..is it is basically a case of ...will they or won't they ....which can start to become about the company beginning to develop a credibility problem....This can potentially develop into a trust issue about the company when it should never have arisen in the first place....Making clear a clear and proper statement on whether there is or is not going to be a share buyback is the way to go .
On the latest Agronomics report they confirm that they have 28 million cash and deposits in the bank - then go on to say that they have 23.6 million 'univested cash'. I'm assuming the 4.4 million difference is earmarked for other purposes.
They only said they might do a buyback.
Unless it suites Jim Mellon I don't think there will be a buyback. They only said they might do one.
There’s no mention of price limit in the 22nd RNS dealing with the buyback?
Where did you read that?
What goes up must come down - at least a little.
They won't Buy backs anything because the Buy backs is límited up to a threshold way below NAV and already crossed that when reaching 12p
Shame we haven't a stake in ever after foods.
I remember reading an article that a company in Israel has achieved price parity in this sector which I suppose is the Holy Grail of this technology....Once one company has achieved this how long before the others will achieve the same ?
( Rather like breaking the 4 minute mile) .....
https://www.forbes.com/sites/mariannelehnis/2023/12/19/breaking-barriers-cultivated-meat-company-achieves-price-parity-making-sustainable-eating-accessible/
Indeed, or at least as per latest published report....
Great news either way. By my reckoning there's still 22,000,000 shares to buy back before March. That should help the momentum!
Isn't nav 39p?
Nope. It's 16p