Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
RWT2 - I agree animal welfare concerns won't be the driving force for change. In my opinion they should be but most people don't really care about where their meat and fish comes from.
Hopefully, climate change concerns will be one of the trump cards for cell-ag. Another one could be cost. If cultured meat becomes cheaper to produce than animal meat I think a lot of the current meat industry will get wiped out.
wgg58 - totally agree with your points. I would also like to see a lot of the UK rewilded. I live on the edge of the South Downs National Park. Like a lot of national parks in England, most of it is taken up by farming (in this case sheep farming). Get rid of the sheep farms, plant trees, rewild it and reintroduce wild animals and you would have a much more attractive countryside with opportunities for ecotourism.
The other company in the portfolio that I am very bullish about is Solar Foods, which has nothing to do with cultured meats. What they are doing is very impressive.
The company is already valued at 193m Euros. ANIC invested 3m Euros last year for a 5.35% stake, which is now valued at over 10m Euros. If I had to guess Solar Foods will also become a multi billion dollar company.
It's worth checking out this TED talk by a US competitor, called Air Protein, just to see how wide a range of products - not just foods but industrial and consumer products - this type of technology might be able to replace ... https://www.youtube.com/watch?v=c8WMM_PUOj0
Also people here are always expressing their opinion on the share price without ever backing it up with any numbers.
BlueNalu is currently valued at $278m. ANIC's seed investment in the company has 10xed, its Series A investment has 3xed. If BlueNalu were to IPO, which by the way I doubt will happen for a few years, its market cap will almost certainly be in the billions. One estimate I saw was $12b, which given that Beyond's market cap currently is $9b and Oatly's is $16.5b doesn't seem entirely implausible. So, lets just say BlueNalu will be worth $12b at some point in the future, then ANIC's share will be worth $702m.
ANIC's market cap currently is around £188m. Do you really think the share price doesn't have much room to grow over the next few years?
RWT2, if you believe in the investment case for cultured meat you aren't predicting that cultured meat is going to take over the entire meat market. In the corporate presentation on anic's website, for example, they site a study that predicts that in 2040 cultured meat will be 35% of the market, plant based meat 25% and animal meat 40%. And, yeah, maybe some people will also eat insect proteins.
It's not about one thing (cultured meat) succeeding at the cost of everything else. Instead I think people will eat a variety of meat products. Personally, I can see myself eating both cultured and plant based meat products in the future.
https://www.theguardian.com/business/2021/jun/14/meatless-farm-gives-customers-chance-to-put-money-where-their-mouth-is
The Meatless Farm is singled out by Jim Mellon as one of the top 25 companies in his book.
Didn't think too much of their burgers and sausages. Nowhere near as convincing as a meat substitute as Beyond's burgers and sausages. But price wise they are much cheaper than Beyond, on par, I think, to animal meat products.
I've also invested in both. They are very different investments though.
ANIC is basically a venture capital fund that is investing in start up companies, which aren't yet selling any products, in an industry that doesn't yet exist. FOGB invests in listed companies, most of which are established profitable companies, some of which have been around for decades.
The only overlap in investing themes is that both invest in plant based meat alternatives. FOGB doesn't invest in any cellular meat or fish companies. It does, however, invest in aquaculture, which is land based fish farms.
It was about 6x oversubscribed. Everyone (who was eligible) got around 25% of their order. https://www.lse.co.uk/rns/ANIC/broker-option-results-4i5wxm6abzgrt2g.html
Got about 25% of the shares through AJ Bell.
Re the warrants, if you check under corporate actions it tells you about them. They write that they will create another corporate action event so the warrants can be exercised.