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Puzzled ( in a happy way ) as to the cause of the rise ....Buyers don't buy shares just to make them reach N A V and there is no evidence of a buyback .There had been various articles from different sources recently about the company ( such as national newspapers in their financial sens ....Maybe this has more effect than say an R N S which tends only to be widely read by more dedicated shareholders..
You not going to hold
....at which point my money is on them doing a quick raise of another few million.
I suspect until it reaches NAV
Any guesses for how long this mania will last. I'm in danger of breaking even!
My understanding is that the seller must have held the shares for at least 5 years, this does beg the question how does a buy back actually work, who are the shares being bought back from, presumably we wouldn't see them as transactions in the normal course of trading? Any clarification appreciated.
All Transactions in own shares need to be notified so the markets know how many shares a company has in circulation.
3% threshold applies to investor holdings
And yes please….onwards & upwards would be good!
Isn't that only after a 3% threshold has been breached?
Forgive me if I'm wrong, and thanks for the last 2 posts.
Onwards and upwards?
You are correct Lenin - RNS released under the title Transaction In Own Shares for tranches of shares purchased, volume and price paid need to be recorded and market advised
Someone is welcome to correct me ...but from my experience of share buybacks there is usaully some sort of R N S released maybe daily or every few days in relation to how many shares have been brought back ....Off course if the share price has gone up without the proposed share buyback from a few months ago then that is potentially even a better situation of course!!
.. if the share buyback isn't on in earnest!!
Thanks for sharing this Agricore. Good to see further validation of the NAV.
2024 and 2025 could see the breakthrough into commercially viable production. Exciting times ahead.
…you do love your research don’t you!
The difference is Agri, I’m not trying to convince anyone into subscribing for my insights! But, if I was I’d make sure I knew the name of the Company I was tipping, or some might think I was a bit full of hot air!
I would hope anyone considering ANIC (or any other share) would do their own research. I am recommending nothing, other than perhaps ‘Regenesis’ (think I spelt that correctly), which is definitely worth a read.
Hivedoff,
One should always seek to improve and learn from others, and since you positioned yourself as someone who's followed ANIC for years, I was curious to learn from you and gain insights from your posts of your "years of following ANIC".
Let's see:
We have your insight of 22/03/23 "the potential is huge is we get lucky...give it another 5 years."
What great insight you have for the year 2028 is left to our imagination, and never mind you appear to be the pot calling the kettle black, is we?
Before that we have your question from 5th December 2022 to ask:
"Is it time to cash in our warrants and buy some more shares at 28p yet?"
Hopefully you didn't cash in your warrants and buy some shares at 28p. Anyone following your years of experience would feel unhappy if they had followed you in at that peak price.
We have your thinking that at 13p in October 2022
"this should come back sooner rather than later..."
You don't explain why it should and here we are later.
Finally we have your post of 26/09/22 where you say:
"all the money Agrononics has invetsed as been used up"
After that I stopped trying to glean any insights from your years of being invetsed in Agrononics.
Ok spewie, you’re right, it’s not important.
No, I mean Agricore. You're pulling someone up on something so minor. They're not working for the company. They're not reporting to you or any of us. It looks like they invested a good bit of time and effort putting this all together.
It's just an odd thing to have a bee in your bonnet about.
Agrocore you mean.
I personally think it’s important to get the name right…it wasn’t a typo, as it occurred more than once.
If you are speaking with authority on any matter at least get that much right…surely! You must see the irony, he was picking up on an error he thought they had made in their year end! It’s funny, if nothing else.
It does also set the tone for the article, the moment I saw that I thought, he doesn’t know anything about this investment, some of us have been following this for years!
All that hard work and your focus is on a small typo which was corrected in their latest article?
Anyway, excellent read and thanks for sharing, Agricore.
All that hard work, and you get the name of the Company wrong…Agrinomics???
Shame really as it does bring in to question how thorough your research really is.
Nevertheless, I do believe Agronomics offers a very credible investment opportunity and look forward to seeing how this unfolds as the portfolio companies take their products to market. Exciting times ahead.
Https://open.substack.com/pub/theoakbloke/p/is-anic-in-a-pickle
ANIC is one of the OB top 20
https://theoakbloke.substack.com/p/happy-christmas-reader
Hi Nanopayments
I am including them. I said Cavendish didn't include them in their broker report. I don't know why - perhaps just overlooked it.
A great start to the New Year for Agronomics shareholders....I cannot think what other company share I would rather be in at the moment....with this type of upwards momentum during the first week of January one can only wonder where the share price maybe by the Spring or Summer.!! .🤔
Hi Agricore, thanks for the correction, I was indeed confusing pounds and pence. Why aren't you including bank deposits in your estimation of current assets? If you add the £10m of bank deposits to the £18,093,984 of cash and cash equivalents you get to £28,093,984.
Hi Nanopayments,
First of all I think you're confusing pounds and pence. 15.8p not £15.80.
Second, the RNS 02/08/23 does quote 15.8p/share it's true.
But the final accounts do not.
In company law the final accounts would be the definitive numbers - not an RNS from 4 months before. Despite what you think.
That RNS 02/08/23 states as at 30/06 Net Assets stand at £157 million, including investments of £129 million and uninvested cash of £28 million.
The final accounts state 30/06 Net Assets stand at £168,256,998, including investments of £141,773,297 and uninvested cash of £28,093,984
.....That's an £11m difference of investments!
Cavendish's analysis of the FY2023 actuals also show a £10m difference where they agree the £141.8m of investments but think cash is £10m lower (£18m not £28m).
Hi Agricore,
"Yet we also know the NAV as at 30/09/23 is reported as 16.48p. (0.46p a share LESS than 30/06)"
For me, Agronomics reported a NAV of £15.80 as of 30 June 23. That would mean an increase in the NAV of 68p. Here's the press release: https://www.londonstockexchange.com/news-article/ANIC/net-asset-value-calculation-at-30-june-2023/16066212