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Should still have a multibagger from these levels :)
I gave up and bought back in this morning, after much deliberation in the night. To think of that this would have been my biggest multibagger from 5p really sucks. Not going to make the same mistake again of selling early. This is now a long term hold.
Not too late to buy again. Will you kick yourself more if you miss out completely? We've all been there. I bought at 9p and sold at 15p, then bought back about the same, sold at 20p and 23p, now I went big at 27p and will hold for long term. good luck whatever you do
Bought at 5p and sold at 6p after holding it for months when nothing seemed to happen. Been watching it ever since consistently rise, and too afraid to dip toes again now. Selling this will always remain one of the biggest regrets of my life.
Same. Got bored and sold out for a small loss at 6p.
Managed to get back in at 18p but still sick as a pig.
Lesson learnt hopefully.
Well it seems I left the party to early after making a few bob as I thought it was overpriced-obviously I was wrong-just look at the rise today.
Good luck to all holders.
NAV is determined at point of purchase and is more of a negotiation for the company to raise the capital it needs, they work out a valuation but it's still at best a minimal guesstimate and always vastly better than what retail inevitably pays on IPO because it is riskier and earlier. This valuation is also based on when they invested, which could have been years ago.
Valuations, NAV, ppe are what investors look for to find undervalued stocks of companies that are already established, that have revenue, growth expectations. Early tech investing generally ignores that because the growth in a winner is expected to be so parabolic that any valuation gets left in the dust daily.
Anic is in a unique position because hype is building around clean meat but there is only one outlet for retail interest, it is somewhere between private investing and an IPO, spiking the price. They have been diluting their shares to raise capital for more investment and every time it gets bought back up again.
Is the price going to continue to spike and dip? Absolutely. Do I think it's going to crash this close to Blue Nalu and others hitting shelves? Absolutely not, and if it does I'm going to buy a ton. When you have, as mentioned, Oatly with the $10 billion ipo, impossible, beyond etc... All in the billions. ANIC owns roughly 5% of each of it's portfolio companies, even if only 1 ipos at $10 billion and the rest of the companies go to 0, ANIC stock would 3.5x from here.
Stunning rise - just wish I bought more !
One of my little Gem holdings .
You only have to look at the market caps of companies like beyond meat to realise this company is genuinely in its infancy and has a long way to go.
Up 20% on the OTC Dazzle
People are buying on potential. You only have to look at other favoured sectors like Ed Tech to see that people are investing in the next big trends. DEV is valued at £171m and has sales of c£1-2m and made a loss in it's last year. If you valued it by traditional methods you'd get nowhere near that. (That's not a recommendation just an observation). The market opportunity is massive - we just need a bit of luck and strong execution by the porfolio companies!
The US ticker for Agronomics is AGNMF, trading on OTC Markets.
What is the US ticker and which exchange does it trade on?
Yes GVH, U.S. interest appears to be circling on reddit
Anic is still the only way for retail to invest in this space, and if Biden proposes subsidies for cell ag then who knows how high the sp could go
I could add that the NAV would be informative if Agronomics' portfolio can be replicated for the same cost, but that ship has almost certainly sailed. You may want to try asking Lou Copperhouse (BlueNalu) or Maarten Bosch (Mosa Meat) if you can buy into their companies for the price Agronomics once paid for their holdings, but don't expect to much. The genie is out of the bottle and future funding rounds will almost certainly happen at substantially higher valuations.
Agronomics shares can be bought in the USA so it could be that they're becoming more well known there
Oatly predicted to IPO at $10 billion. Seems like madness
Wouldn't be surprised if Agronomics has some well heeled 'celebrity' backers now :) , who don't even know what nav is and can afford to lose a fortune in anyone else's eyes IMHO.
Exactly, Dazzle, how else could we get exposure to a diversified group of food disruptor companies? Remember the Beyond Meat IPO?
Shares of the plant-based meat maker — which priced its IPO at $25 a share Wednesday evening — started trading at $46 a share shortly after noon on the Nasdaq, and surged to $65.75 by the end of the session, for a gain of 163%. Prices hit almost $73 a share at their intraday peak. Shares were up another 4% after hours.
No one's looking at the nav currently. Investors are looking at the chances of cellular agriculture taking off
Looks like investors are investing on potential and not nav
My understanding is that the reported net asset value (NAV) mostly reflects the price that Agronomics once paid for their private equity assets. This is very different from the value they would obtain if they were publicly traded.
In January, when the share price was maybe 14 pence, you wrote that the "share price has risen to maybe 100% above asset value here so its time to be careful and take part or all profits". I am very happy that I kept all my shares and - although no one can know for sure - I think this stock can go much higher. Just think what BlueNalu alone will be worth once they IPO.
From RNS---The share price of 28.3 pence at the 31 March 2021 close represents a premium of 352.8% to the NAV per share.
Can anyone explain to me why share price is so far above value ?
It seems to me that this share is in for an almighty share price fall some time soon.