Member Info for dominicusbenacus

Do you have any source link in order for me to be able to do my own due dilligence?

@Dearmal

What is this Agrarian. Do you have any link?

Because I can't find anything about it online.

@100Cups

Givent that the NAV was calculated in a somehow accurate ballpark. Whatever this means in the case of Agronomics which holds multiple underlying non profitable companies is another story.

I would love to see a new companies other than KMPG reviewing the books. Just to get some new eyes on the price.

Considering this I'm not so sure whether we are 50% below intrinsic value. If it would be that easy than everybody would buy.

He didn't tell whether they still intend or not. The announcement to be clear was a "maybe" back then anyway.

Anthony Chow from Agronomics answered it to me via email.

Anthony told that they are in a closing period and not permitted to purchase stock.

Is anyone in this forum more knowledgeable on this subject matter?

Since I'm wondering how the hell they are in closing period for the past six month then.

How do other companies manage buy backs?

@The.Italian what do you mean by "IIs"?

The Shellbay issue is well known. Actually this blog post did two through analysis. Don't get me wrong, I'm not a fan of the fee structure and think there should be at least some more details released in terms of what exactly was charged within a certain period of time. To say, "well this is what you buy into" would be too easy, since the fee structure got a major update in 2021. This update made the High Water Mark Model independent from the actual share price.

the author has two posts.

https://theoakbloke.substack.com/p/a-nicking-from-private-investors

BMB5DJO TBH --- I haven't read up it again. So not sure anymore what exactly is the case.

@BMB5DJO

From what I understand, their should be an RNS and direction approval before they execute. Isn't it?

You can write Anthony Chow directly. In the past he has responded. Or find a way to place these question with a higher weight. I.e. get some of the institutional investors on your side and convince then it is worth stressing these questions.

Again, what are your ideas to add some weight on these questions?

Can You explain in laymans language and without abbreviations?

this is exactly what changed. the story of agronomics for long time was that the market is to blame. however, the past month had great news for agronomics underlying companies. the market itself changed. many biotech companies turned.

simply put, the story that the market is to blame simply doesn't hold true anymore and considering the great news during the same time, i wonder whether many investors are just not okay with the intransparency provided. therefore i believe it is time that agronomics management explains in more detail what the ******* fees are for that made up ~15% of the operating profit. 3,4 million of 25 million (virtual profit -- ******* virtual) -- for what exectly? 3,4 million pound is more money than some of the investments taken.

this discussion has to be held independent of right or wrong. i

greetings

One idea is to reach out to BlackRock, JP Morgan Asset Management, Jupiter Asset Management etc. In order to ask them to use their weight and push for more Focus on shareholders value. These are the biggest investors.

Any other idea?

What do you want to do about it?

What do You want to tell US with that commend? Usually it is a good thing that a major investor get a Say and a SEAT on the board in order to influence the activities.

A better question is how to raise this question in a way that it will actually has an impact. I was wondering why no podcast really stresses on this points yet. Buy back program not executed still - why?, no insider purchases in spite of ANIC continuously promoting the huge discount to NAV - Why? (don't trust the NAV?), or withdrawing significant amount of money and not making the services of shellbay transparent -- What have been the services?, installing Jim Mellon as a Executive Chairman...-- Why?

So there are lots of questions, and I would be curious how all of these can be addressed in an effective way.

I do have access:

Basically, nothing new. Also, they are not independent research. Canaccord is intertwined with Agronomics.

A little excerpt from the summary of the report:

ANIC's portfolio companies, BlueNalu, All G Foods, and Onego Bio, should all demonstrate regulatory success in 2H24, validating and de-risking the portfolio as a whole.

Valuation: We remain BUYers with an unchanged target price of 20p. We reiterate BUY at 20p. We continue to base our value on our expected NAV as of end March 2024.

Will the buy back program ever be executed?

It is difficult to comprehend that Agronomics announces the buy back program, yet no action has been taken in order to make use of the huge discount to NAV.

Anybody knows more?

There is. It's límited up to 70% of NAV. Now You can do the math. They want to have a margin of safety.

They won't Buy backs anything because the Buy backs is límited up to a threshold way below NAV and already crossed that when reaching 12p