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Pin to quick picksAgronomics Share News (ANIC)

Share Price Information for Agronomics (ANIC)

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Share Price: 8.55
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Change: -0.46 (-5.31%)
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Open: 8.45
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UK EARNINGS SUMMARY: Schroder AsiaPacific Outperforms Benchmark

Mon, 14th Dec 2020 17:47

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and Monday and not separately reported by Alliance News:

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Schroder AsiaPacific Fund PLC - investment firm focused on capital growth through investment primarily in equities of companies located in the continent of Asia excluding the Middle East and Japan - Says net asset value per share ends September at 567.16 pence compared to 490.94p at the same point the year before. Net assets grows to GBP946.1 million from GBP822.2 million over 12-month period. Declares final dividend of 8.0p, down from 9.7p the year before. NAV total return 17.7% versus benchmark adding 12.3%. "After a very hard year for financial markets, the company is in good shape and is ready to take advantage of the opportunities in the region over the coming years. You, as shareholders, are participating in a region with outstanding prospects and with a team that is second to none," Chair Nicholas Smith says.

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Agronomics Ltd - Isle of Man-based investor in cellular agriculture with a focus on cultivated meat and alternative proteins - Improves to pretax profit of GBP611,731 in year to June 30, from GBP288,919 loss year before. Income improves to GBP656,377 versus GBP75,995 loss year before. Records net gain on investments of GBP656,377 versus GBP63,439 loss year before. "Our current investment portfolio shows considerable promise for future growth given the scale of opportunity to invest in the nascent alternative foods sector, and the board will continue to seek new opportunities in line with its investing policy," Chair Richard Reed says.

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Jupiter Green Investment Trust PLC - investment firm focused on companies which have a significant focus on environmental solutions - Says undiluted net asset value per share ends September at 221.22 pence versus 173.31p at the end of March. During the six-month period, NAV total return was 27.6% compared to benchmark, the MSCI World Small Cap Index, adding 27.7%. "Over the last six months, Covid-19 has understandably dominated investor concerns as it has plunged the global economy into the steepest contraction in decades. What is becoming clear, however, is that clean energy and other sustainable solutions will be at the heart of recovery plans and key to a reinvigorated post-Covid economy," Chair Michael Naylor says.

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Miton UK MicroCap Trust PLC - investment firm focused on company's with market cap of less than GBP150 million - Says net asset value per share ends October 31 at 62.32 pence versus 51.33p at April 30. Net assets slips to GBP69.3 million from GBP71.0 million. Shares in issue ends first half at 111.3 million from 138.3 million six months earlier. Notes it is unlikely to offer final dividend. NAV total return of 22% in first half as FTSE All-Share loses 2.0%.

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Equatorial Palm Oil PLC - AIM-listed cash shell - Loss in year to September 30 narrows to USD6.2 million from USD15.1 million year before. Revenue drops to USD11,000 from USD167,000. Administrative expenses slips to USD543,000 from USD717,000. Loss narrows due to USD15.1 million loss in year before from disposal of interest in Liberian Palm Developments.

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Tungsten Corp PLC - digital financial management products and software solutions provider - Pretax loss in the six months to October 31 jumps to GBP30.5 million from GBP2.4 million the year before. Revenue falls slightly year on year to GBP18.0 million from GBP18.2 million. Records GBP26.2 million impairment in period from 2013 OB10 acquisition. Transaction volumes falls to 9.0 million from 9.6 million, but new sales billings rise to GBP2.1 million from GBP1.7 million. Chief Executive Andrew Lemonofides says: "Tungsten has faced a challenging and unpredictable market in 2020 due in part as a result of Covid-19. In spite of this, we have continued to grow the pipeline and win new customer relationships and we expect to deliver broadly similar revenues to financial 2020. We continue to invest in our sales and product capabilities, whilst maintaining financial rigour in relation to our cost base, in order that we continue to improve efficiency and are well placed to convert the sales pipeline."

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Blackrock Frontiers Investment Trust PLC - investment firm focused on long term capital growth by investing in companies in "less developed countries" - Says Friday net assets value ends September at 126.85 US cents versus 166.54 cents at the same point the year before. Net assets slips to USD306.0 million from USD400.8 million. NAV total return negative 20% compared to benchmark - the MSCI Emerging Markets Index ex Selected Countries and the MSCI Frontier Markets Index and the MSCI Saudi Arabia Index - losing 15.6%.

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Atlantis Japan Growth Fund Ltd - investment firm focused on long term capital growth from listed Japanese equities - Says Friday net asset value per share ends October at GBP2.93 compared to GBP2.34 at April 31. Net assets improve to GBP122.5 million from GBP97.9 million six months earlier. NAV total return in the first half was 27.3%, compared with benchmark, the TOPIX Total Return index in sterling terms, adding 7.3%.

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Anglesey Mining PLC - Wales, Sweden and Canada-focused miner - Says Friday pretax loss in six months to September 30 broadly flat year on year at GBP152,882 versus GBP156,600 year before. Expenses slip to GBP68,439 versus GBP71,493 and finance costs lower at GBP84,460 from GBP85,190. Did not generate revenue in either period. Chair John Kearney says: "The period since our annual report in September has been very encouraging for the minerals industry in general and for Anglesey Mining in particular. We have made good advances on a number of fronts and the prices of all the main metals in which we are interested have advanced significantly. Two of our projects have moved forward through the commissioning of development studies and the results of both these should be available in the coming weeks."

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By Paul McGowan; paulmcgowan@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

More News
26 Apr 2024 16:54

IN BRIEF: Agronomics investee raises additional EUR8 million

Agronomics Ltd - Isle of Man-based venture capital firm which invests in cellular agriculture companies - Says portfolio company Solar Foods Oy has raised an additional EUR8 million in funding via Finnish investment organiser Springvest Oyj. In November it had already raised EUR8 million in a series B financing round. Agronomics Chair, Jim Mellon commented: "Solar Foods has shown impressive execution with the funds they have raised to date. It is one of the few companies in this field with a wholly owned and fully operational factory and regulatory approval which puts Solar Foods as one of the most advanced cell ag companies globally. We are very much looking forward to seeing product sales begin in Singapore and for regulatory approval in Europe."

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26 Apr 2024 15:03

Agronomics investee Solar Foods raises EUR 8m

(Sharecast News) - Cellular agriculture investor Agronomics announced on Friday that its portfolio company Solar Foods had raised an additional €8m through Finnish investment organiser Springvest.

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17 Apr 2024 13:03

Agronomics portfolio firm raises EUR40 million to scale up production

(Alliance News) - Agronomics Ltd on Wednesday said its portfolio company and cultivated beef production firm Mosa Meat BV has raised EUR40 million to finance further scaling of its production process.

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17 Apr 2024 08:58

Agronomics investee Mosa Meat raises EUR 40m

(Sharecast News) - Cellular agriculture investor Agronomics announced the completion of a €40m fundraising round by its portfolio company Mosa Meat on Wednesday.

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5 Apr 2024 11:50

IN BRIEF: Agronomics invests extra USD10 million in Liberation Labs

Agronomics Ltd - Isle of Man-based venture capital firm, investing in cellular agriculture companies - Invests USD10 million through a secured convertible promissory note, a form of convertible debt, in portfolio company Liberation Labs Holding Inc using its existing cash resources. Liberation Labs is a US biotechnology firm aiming to commercialise precision fermentation technology. Investment was part of Liberation Labs' USD12.5 million financing round to help fund the continued construction of its facility in Richmond, Indiana, with commission expected in the first quarter of 2025. Agronomics has to date invested USD17.6 million in Liberation Labs, currently carried at GBP25.7 million or USD32.5 million and giving it a 37.5% stake on a fully diluted basis.

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5 Apr 2024 11:42

Agronomics invests another $10m in Liberation Labs

(Sharecast News) - Cellular agriculture investor Agronomics announced a significant investment of $10m in its portfolio company Liberation Labs on Friday, as part of a broader $12.5m financing round, with existing investor Siddhi Capital also participating.

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2 Apr 2024 15:19

TRADING UPDATES: MaxCyte inks deal with Be Bio; Orcadian firms farmout

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

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2 Apr 2024 15:10

Agronomics investee Onego Bio raises EUR 27m

(Sharecast News) - Cellular agriculture investor Agronomics announced on Tuesday that its portfolio company Onego Bio has secured €27m in its series A financing round.

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26 Mar 2024 12:39

Agronomics' Clean Food Group secures GBP2.5 million in funding

(Alliance News) - Agronomics Ltd on Tuesday said that its portfolio company, Clean Food Group Ltd, has received further funding to commercialise its technology.

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20 Mar 2024 16:42

Agronomics subsidiary partners with Belgian firm on vegan cheese plan

(Alliance News) - Agronomics Ltd announced on Wednesday plans to bring animal-fee casein protein to the mass market.

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18 Mar 2024 14:17

Agronomics investee makes first ever pet food from cultivated meat

(Alliance News) - Agronomics Ltd on Monday said its portfolio company Good Dog Food Ltd, which trades as Meatly, has created cans of pet food that use cultivated chicken.

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13 Mar 2024 18:18

TRADING UPDATES: Redrock acquires remainder of Australian subsidiary

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

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14 Feb 2024 12:08

Agronomics says net asset value down but investee inks supply deal

(Alliance News) - Agronomics Ltd on Wednesday reported a decline in half-year net asset value per share, and investment income plummeted.

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14 Feb 2024 11:22

Agronomics reports fall in net assets in first half

(Sharecast News) - Agronomics reported a net asset value per share of 16.9p in its unaudited interim results on Wednesday, representing a slight decrease from the prior period.

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6 Feb 2024 14:20

Agronomics notes portfolio firm delivers animal protein to partner

(Alliance News) - Agronomics Ltd on Tuesday said its portfolio company Bond Pet Foods has delivered two metric tonnes of animal protein to Hill's Pet Nutrition Inc, a division of the Colgate-Palmolive Co.

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