Member Info for Bluehorseshoe666

The guy who posted the links looks to have written the article. Either way it was a clear piece and hopefully more people will hear about ANIC.

RTW2 - thanks for the reply.

I must be missing something but is dog food not the bits of the animal we don’t eat?

It is hard to undercut the price of a waste product.

Thank you for the detailed list, although I don’t agree with them
1. I think it is NAV per share rather than NAV so the issuing of shares at a premium to NAV will generate some fees but he does not get 15% of any money raised. I like the lack of a management fee, he only makes money when we do. 15% is quite high but the costs are lower than many hedge or PE funds.
2. This was fixed for the last capital raise.
3. I would view this the other way round, the share price gets very high so they decide to issue more shares, at a premium which is good for the NAV per share. This allows the fund to get get deals on new purchases. It is a logical decision and I expect it to happen again if the share price move a long way from the NAV.
4. There is a risk here but this is a regulated fund and will need to show the FCA how they manage conflicts.
5. I agree that he is a salesman and is probably over promising. Today’s promise of commercially available dog food in 18 months is another example.

I am bullish on the sector but please remember that Cenkos is paid by ANIC so consider what they say on that basis.

The new shares are issued by the company so we are all slightly diluted, meaning we own a slightly smaller percentage of the company compared to yesterday.

I think this is good news and a clever way for ANIC to deal with the rather light capital raise last year. Also it is good that the shares were issued above the current price.

The research from RethinkX should be taken with a bucket of salt, they have a paper on their website written a few years ago saying we would have self drive cars a couple of years ago. I am still waiting for mine.

In terms of the share price, I don’t think it will move from here until the rest of the cash is invested. Then will come the leg up, hopefully to the sky, but the floor is still possible if the tech does not deliver.

I think the reason the price is not moving is that ANIC has raised money twice and so far has not put it to work. The only justification for the premium is that Mr Mellon will allocate the cash soon and well. I think the price will drift until the cash is in the market.

Annoyingly given the movement of interest rates, long duration assets, like ours, are falling in price at the moment so Mr Mellon may get a better price for the new purchases if he waits a little.

Mazk231
While I agree that 10 years is very quick for this type of change once you think of the hurdles. Building factories, gaining approval and getting buyers happy etc

The motor car went from concept to broad use in about 10 years so these things can move very fast when the economics work.

I am checking with HL whether I can hold the warrants through them. I will only take up the rights if I get the warrants.

Quote from ANIC: Huge congratulations to Arturo Elizondo and The EVERY Company on closing their US$ 175 million Series C round! November's US$ 8 million investment makes them a very welcome addition to our portfolio, and we can't wait to see their sustainable animal-free protein platform scale up further in 2022!

Hi,

VanEck have launched an ETF YUMY focusing on argo food.

Also Cenkos have written a positive research note on ANIC which is worth reading. Some good news while we nurse our losses.

For my part I think that ANIC is raising more money now because there is lots of money chasing private equity at the moment. While they may not need the new capital for 6-12 months it makes sense to take what the market is offering as in 12 months the option might have disappeared.

I topped up at 25p and have no spare cash so cannot average down. It’s a waiting game for me I fear.

The FT has an article on a 3D printed plant based steak. If there is a prefect plant based option then we have an issue.
I would guess this is the reason for the fall.

An unlisted version of the fund would allow institutions to invest sums that are too large for ANIC. If a large investor wanted to buy even £5m of ANIC they would not be able to find the stock without paying a massive premium. I think, from the little I have seen, this is good news for ANIC. We will be able to invest alongside the other fund and get better prices.

There is also the emerging middle class in the developing world. These people want to eat more meat but the volume of land for farming is limited. Clean meat, cell-ag or whatever you want to call it, is a route to meeting that market need.

I would agree.
The main reasons to IPO are to get an exit for key holders or to raise lots of money. I doubt the key holders are willing to sell anytime soon and there is plenty of private money to allow them to finish the tech. If the global roll out is via joint ventures later an IPO could be years away.

The good news is there is plenty of gains available for investors in the meantime.

I would agree that 22p should be a floor. I doubt management are keen to put any momentum into the share price. Excited announcement could increase the amount we have to pay for invested companies.

I’d like the price to be above the level I bought at but in time the good news should come in.

I like the long term future for this stock and expect excellent returns but would not be surprised if it went to zero. I hold a 10% weight in my pension, a huge position I think given the risk. I would be interested to know how other Ed have sized their positions.