Member Info for Bluehorseshoe666

Mellon will want to grow ANIC so there is no incentive to use New Agarian to damage ANIC, if anything there are benefits to have both vehicles working together.

The price is moving on such low volumes as to be unusable to measure progress in the company. If I sold all my shares the price would fall a few percentage and I think that would hold true for many of you.

Fund managers have an issue for the same reason. Even a small fund would want to buy £500k and would prefer to be less than 20% of the day’s trades so as not to move the price.

It will need solid progress and I think revenue from the underlying holdings to de risk this enough for the professionals to come in. Then the price will move fast and far.

Jim sees revenue for BlueNulu next year.

https://www.entrepreneur.com/en-gb/finance/startup-funding-jim-mellon-exec-chairman-agronomics/497126?trk=feed_main-feed-card_feed-article-content

Interesting FT article today on the issues facing De Beers, partly driven by lab grown diamonds undercutting their pricing. It states that 10 years ago the company’s management did not see lab grown diamonds as a threat but things have moved fast. Given the smaller margins on food I would expect ANIC products to take less time to be noticed.

At the last peak the share price was 4x the NAV on the same basis we would get about 60p share price now. The odds are better than the lottery but still I would not bet on it.

In answer to Watson’s question, the board can sell all the holdings without a vote. This would leave us with cash and a huge profit.

Thank you for the comments on IPOs which I think fair. It would a trade purchase that is more likely in the short term, which would underline the value of the whole portfolio. JM was looking at Fusion tech last year but either way I would expect the fund not to be closed until all the value has been realised.

A good conversation thank you. I think your bull case is too high. The returns for the fund are capped much lower than that. My bull case is that in 3 years the holdings have been IPOed or taken be trade buyers. At that point Mr Mellon will wind up or repurpose ANIC and move to the next Big Idea. Still an excellent outcome but faster and lower than you suggest.

All the world is mad save thee and I, and you’re a little strange.

I would say that the non-meat side will be the first to generate returns but in time I would expect the meat to be the bigger opportunity but only one or two companies need to work for me to be happy

If we can sell a better product at a cheaper price then we will make money. The general public do not value the lives of animals they have never seen.

I think initially with PF and later with proper cuts of meat this tech can deliver but it will take some time. As a side benefit the planet will be better off.

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.

Hi, a company can appoint a non-insider, often the corporate broker, to undertake the share buy back this gives independence and prevents the use of insider information.

I am not worried about the beta. The turnover is so low I would not expect market movements to have an impact on a given day. I am surprised that the company does not seem to have completed any buy backs yet. The huge discount is a free win for them.

I was thinking the same. The private company can buy the assets at a huge discount, much better than buying the companies directly. They can buy 30% before having to offer for the whole firm

I think the issue is that the company is too small for professional buyers to use it for clients, while some private investors are losing faith and selling at a loss. As you say this cannot last forever. The price will be go up or the company will wind up.

Hi

Also interested to see the Mellon has again added his own cash alongside ours. This suggests that he is not only in this to rip off ANIC shareholders but might believe what he is doing.

Personally, I am more worried that he will cost me money while he saves the world than he is trying to get richer.

It will not have been Jupiter’s choice to sell. They own the CHRY holding on behalf of client. I would guess that a large redemption or mandate change forced them to sell some much so fast.

Jim was on the Merryn talks money podcast released today and worth a listen.

The key takeaway was that he thinks Good Dog Food will list in the UK this year.

Really there has been good news on Solein, Meatable and Good Dog Food. The portfolio appears to be going well. Also I think there is 5p of cash per share.

The volumes are very low so the price has moved 10% intra day recently. Funny times.

Another PE fund CHRY moved up 17% today a good news story, due to the huge discount.

Better times may be ahead

Hi, I am a professional and think this is odd behaviour. The only reason I can think of would be if someone wanted to inject £300k into ANIC, rather than buy in the secondary market which does not add to the company’s bank account.