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Thinking about it, there is an announced share buy back of £3million over a six month period starting October. That only gives them to March next year and we haven't seen any buy backs yet. I wonder if they're currently inhibited by insider trading rules (they have an active investment round they're closing out for Onega) from buying, and so will transact the buy back after the Onega funding round closes. No point in Anthony pushing the price up now as he gets better value for his money buying back at a low SP. Just a thought
Agreed StopAnimalAgri, he seemed less upbeat than usual. I thought his answer to the question re warrants was interesting too. Almost dismissing the fact that the share price was likely to get over 30p by the end of 2024 (which I think is a perfectly reasonable assessment in the current climate, but wouldn't necessarily have expected that coming straight from Anthony). I agree with his take that it's more likely the SP will slowly creep back towards parity with NAV over the next 6-12 months, which would be nice and a good reason to buy now based on current discount.
Overall I'm reassured by their current position. No further fund raising needed and they'd only attempt to fund raise once the SP is over NAV. Enough cash to keep them going as a business for 10yrs, with £24million on top of that to keep supporting current portfolio companies.
I have to say, I'm very much liking where Liberation labs is heading too. They're hoping to have their anchor client locked in early next year and then to sell the rest of the capacity over the course of 2024, with the facility coming on line early 2025. Good predicted cash flow back to ANIC because of the percentage ownership. I'm from a biotech background and have seen that CMO model a number of times work successfully. It's a lovely hedge too as it's agnostic re the ANIC portfolio as LL will be able to manufacture for anyone. Assuming success over the next year or so, the hurdle for further investments for additional sites will also be lowered. A really nice play IMO.
Then of course there's the regulatory approval landscape for 2024. Hopefully Meatable and BluNalu next year at the least. Solar Foods looking good for a commercial launch next year. Lots of reasons to believe, just a little patience needed
Ha ha fair point oogleflugal....I'm clinging on to the optimism by the very tips of my fingers :) Let's hope we get a proper S shaped disruption curve across mnultiple sectors and are all living in a star trek utopia by the 2040s....
£2 should do it nicely
You do love to take the negative side RWT2. The trade organisation is the best placed to give an indication as to what the current investment attitude is looking like. They’re not making a public statement here; or trying to sell something, they were simply stating what they saw as the current trend to crisplex. We all know that the market currently doesn’t favour this sector for all sorts of reasons (lack of understanding, comparisons with plant based meat, current monetary tightening, etc). That said, retail investors looking to get into the sector are not going to be encouraged when every little bit of positive news is criticised and disparaged on a forum dedicated to chatting about the investment in question. You’re not helping to generate the positive sentiment around this sector and investment that we all need for the outcome to be the one we want
Why would they go to the effort of setting up and announcing a share buy back if the intention was to go private? You also need to find £100million+ to buy the lot privately. Doesn’t seem to me that there’s that sort of cash floating around at the moment.
If it’s any consolation re share price. BSFA and Cult Food sciences are down more in percentage terms over the last six months than we are. Everyone is suffering though.
Sound advice. We’re in a horrible global situation for a company with lots of new emerging tech and high capital requirements. Nothing we can do about it now though. Fingers crossed we start seeing some portfolio companies making sales (solar foods, formo, vitrolabs?) soon and some more regulatory approvals. Hold on to your hats everyone, this is going to be a tough ride!
What on Earth is happening with the share price. Share buy back on going to the tune of £3million, blu nalu with good news, other portfolio companies progressing nicely against strong head wins and we’re down below 9.5p. Less than two thirds of NAV? Why isn’t the market recognising the potential here?
I'd hardly call 0.2p plunging Skier1?! Especially not when you look at the volumes being traded on a daily basis.
I think their investment strategy is sound, as is their current direction. In this type of environment the best thing for them to do is support further investment rounds with existing companies, but otherwise keep their cash reserves intact. Which is exactly what they are doing.
This is a marathon not a sprint. As I mentioned recently, we have lots of portfolio companies heading in the right direction. Patience is key.
Let me guess, you're another "member" of this board that doesn't actually own any of the stock, but are just here because you haven't got anything more interesting to do with your time?!