Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
I'm as annoyed as everyone else about the double raises, they could really have waited till after Christmas. That said it was excellent timing before the market started crashing.
Didn't Mellon take the % in shares not cash? Pretty sure I read that somewhere.
In the meantime everyone selling when it's down, buying when it's up, story as old as time.
You have to always think, what would you do right now and what would you feel if you had no shares and a ton of cash.
That said do be cautious, we are in the middle of what could be a rather large market crash, this could be the bottom or only half way, make sure you are safe and have cash in reserve to cover yourself.
re Grinchy - Actually it's because of food security, England has had a lot of trouble in the past from not making enough food to feed itself during times of war. When lab grown makes animal agriculture obsolete I wouldn't be surprised if the subsidies switched over.
The 22 floor was stopping it from reaching 'technically' oversold, which it now is, so that's a good sign. Irregardless I actually convinced myself to shut up and buy more while it's down so it's all gravy. I'll blow it up on reddit again at the end of the year when I'm finished.
Yes it's called an understatement. You introduced the Oatly premise, I was simply pointing out that should that occur, there is considerable room for multiplication before it even begins to reach that point as opposed to your implication that there will be no movement for years until it suddenly magically increases in value, that's not how this works, stock price will follow and spike to incremental gains and achievements as they come and as it has been doing. (or dip to bad news)
Secondly, Christopher Mayer refers to US listed stocks, not unlisted penny stocks, world and companies that haven't even ipo'd yet. When you include these, the number of 100 baggers increases exponentially. Blue Nalu and all the other companies within ANIC have already achieved a considerable multiplication in value from their formation and ANIC has been in a unique position to take advantage of this and will continue to.
Thirdly, it's not my argument that blue will hit 10 billion or be a 100 bagger though there is plenty of fun in dreaming. My thesis with ANIC is that it holds multiple frontrunners in this game changing technology that will continue to ride the hype train for years yet to come, the most exciting announcements haven't happened yet. They don't have to continue indefinitely or reach astronomical values for ANIC stock to reap the benifits. Even if they don't win majority market share or god forbid fail, company valuation can get very far before that happens, plus, the higher they are valued, the more cash they can raise and the more likely they are to succeed. Eat Just is a better comparison by the way.
Can I ask, what exactly is your plan here, ultra long term hold? The length people intend to hold tends to dramatically effect their expectations and predictions.
rw - Oatly is at 10 billion, Blue Nalu is worth somewhere around 100 million right? That's just a few multiplications of value available inbetween now and however many years it takes to get to a similar market cap. I don't see regulation as a problem, for any country that says no there will be plenty saying yes. I have no idea when Blue Nalu plans to ipo, but in the mean time any good news sends traffic and money to ANIC and if you want to tell me that being the first lab meat in a supermarket isn't going to be a defining moment and trigger for a run then I don't know what to say.
This isn't a winner take all scenario, first to the market doesn't matter that much because this isn't a digital product, you can't instantaneously copy and paste it or run the same piece of code for billions of people. You need to build actual physical factories, production lines, supply chains. The idea that one company is going to be able to feed the world is laughable, plenty of room for all and more. That said, first to the market is going to skyrocket share wise and Blue Nalu is the front runner.
Mulling over this over the weekend. The old NAV of £25m or so is based on last years report. A leaked presentation suggested an updated valuation of £55m. Adding on the £62m fundraise brings Agronomics up to a value of £117m. Meaning that at a market cap of £188m, Agronomics has gone from a P/B of 5.5 before the fundraise to 1.6 as of now. The exercising of the warrants would only decrease this number further, albeit not by much due to the increase share price required. For reference a normal P/B is around 3, tech/speculative usually runs at around 10, apple is sitting at 30 and Tesla peaked at over 66. The dilution is priced in but the fundraise isn't.
What's this, someone proposing using actual numbers, prediction and math, outrageous Hector! Meanwhile we have someone shilling insects and fungus, whose own articles state both 'mycoprotein production process stands no greater chance of feeding humanity than cultured meat' and that clean meat 'depends on the availability of decarbonized energy generation.' I.e. it is a massive improvement as long as it uses renewable energy, no **** sherlock, that's the plan!
The vast majority of people want meat, not insects, not fungus substitutes, they want meat, they want it cheap and they don't care where it comes from. That is the research and the state of the world and that is the problem we are solving here.
NAV is determined at point of purchase and is more of a negotiation for the company to raise the capital it needs, they work out a valuation but it's still at best a minimal guesstimate and always vastly better than what retail inevitably pays on IPO because it is riskier and earlier. This valuation is also based on when they invested, which could have been years ago.
Valuations, NAV, ppe are what investors look for to find undervalued stocks of companies that are already established, that have revenue, growth expectations. Early tech investing generally ignores that because the growth in a winner is expected to be so parabolic that any valuation gets left in the dust daily.
Anic is in a unique position because hype is building around clean meat but there is only one outlet for retail interest, it is somewhere between private investing and an IPO, spiking the price. They have been diluting their shares to raise capital for more investment and every time it gets bought back up again.
Is the price going to continue to spike and dip? Absolutely. Do I think it's going to crash this close to Blue Nalu and others hitting shelves? Absolutely not, and if it does I'm going to buy a ton. When you have, as mentioned, Oatly with the $10 billion ipo, impossible, beyond etc... All in the billions. ANIC owns roughly 5% of each of it's portfolio companies, even if only 1 ipos at $10 billion and the rest of the companies go to 0, ANIC stock would 3.5x from here.