Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
https://masterinvestor.co.uk/economics/cultivated-meat-meat-grown-in-space-and-the-50-chicken-nugget/
Laura Turner of Agronomics reports on the International Cultured Meat Conference in Maastricht, where industry insurgents are targeting a $7.3 trillion meat, poultry and seafood market by 2025.
Worth a read of yesterday's article by Agronomics plc analyst , Laura Turner . Mention is made of Richard Branson's investments in the Cultured meat industry . I wonder if any big hitting names will be involved in the upcoming placing round this month.
a couple of informative posts from both sides of the buy/sell discussion. I'm still bullish. Quite a few buys coming in this morning . Good luck whatever your position.
https://www.standard.co.uk/business/market-minnows-can-innocent-smoothies-founder-strike-it-rich-with-lab-meats-a4283931.html
Good publicity & nice quote by the author , "Millennials are going to be all over this stock, so beat them to it."
Good to see the share price holding firm with quite a few buys today. investosr realising the large fund raise will add to the long term value of Agronomics Plc
"The Company's intention is to price the new shares offered pursuant to the Fundraise at the unaudited net asset value per share of the Company's portfolio at 30 September 2019, being 5.5p. The Board reserves the right to increase or decrease the size of the Fundraise or alter the proposed price at which new shares are offered, depending on demand and the strategic value to the Company of proposed investors. The Fundraise is expected to close by 29 November 2019 at which time a further announcement will be made."
Interesting comment in the RNS regarding the strategic value of new investors likely to take part in the proposed placing. I wonder who could be wanting to get onboard . Also, note that Jim Mellon is in for up to £2 million of new shares plus Chairman Richard Reed will be partaking in the placing too ( amount yet to be disclosed). Interesting times.
I think it’s fair to say that the majority of Daily Mail readers tend to be rather conservative in outlook and probably would be skeptical about new food sources .....there again some may be a bit more forward thinking and invest a few quid . £20 million is a really large sum relative to the current market capitalisation .
forgot to add the link to the article published this weekend ......https://www.dailymail.co.uk/money/news/article-7668581/Innocent-smoothie-boss-seeks-20million-grow-meat-alternative-offering.html
https://www.lse.co.uk/ShareChat.asp?ShareTicker=ANIC&share=Agronomics
"Agronomics PLC, which is chaired by Innocent Drinks founder Richard Reed, is raising £20 million to take a major bite out of the lab-grown meat sector .
The Mail on Sunday understands the firm which invests in meat alternatives, plans to grow its portfolio from 6 firms to 15 in a year. Its market value is £6.4 miliion, so the fund raising is a big step."
I see this as a done deal and good news. The initial placing in the summer was at 5p. It may well be there is another placing at 5p which explained why the share price has dropped in recent months to just above that level. However , the fund raising may not necessarily be a placing alone . It could be and /or other fund raising instruments in this growing sector. Some really big financial hitters on the Board and the first placing was over subscribed.
https://www.lamag.com/citythinkblog/as-wild-caught-species-vanish-are-lab-grown-fish-the-future/
A comprehensive article published several days ago. One of Agronomics' investments ,BlueNalu, features heavily. Very informative and balanced for those looking to invest in this growing sector. IMHO BlueNalu has the potential to be a massive company and hopefully at some stage in future will float on the US stock market. Agronomics has done well to get it's foot in the door of companies such as BlueNalu.
BlueNalu CEO quoted ,
"Cofounder and CEO Lou Cooperhouse has ambitious plans for BlueNalu. So much so that he sounds puzzled when asked what pet project his research team is pursuing. While Finless has chosen bluefin as its signature fish and Wild Type is working on coho, Blue-Nalu’s business model is to culture all edible marine life. “We describe ourselves as species agnostic,” Cooperhouse says as if he’s trawling for fish instead of growing them from scratch. “Our approach is to have a platform technology that allows us to develop a wide variety of value-added seafood product, not just a single product.” He pauses to let the enormity of this mission statement sink in. “From fish to crustaceans,” he says, which is like a doctor saying “from podiatry to neurosurgery.”
To support this bold statement he begins to recite the inventory of all the cell lines in the BlueNalu vault: Chilean sea bass, orange roughy, mahi-mahi, sable fish… “We’re not talking about getting into a couple restaurants in five years,” says Cooperhouse. “We’re talking about getting into mass-volume products.” To do this he envisions a string of fish factories scattered across the globe, each one capable of supporting a population of 20 million people. The first one might be built in Asia, the EU, or the U.S. It all depends on where the money is. Wherever it ends up, Cooperhouse has assured investors that the company will break ground before 2025."
https://news.sky.com/story/foie-gras-to-be-banned-in-new-york-over-animal-cruelty-claims-11848931
No more foie gras in New York. I read somewhere recently that alt meat foie gras ( not from slaughter geese) may well be one of the first varieties of alt meat being dished out on a commercial scale . The alt meat sector is a rolling stone which continues to gather unstoppable momentum . Bodes well for ANIC .
it's good to see strong buying since midday continuing right up until close of play.....
applying the saying , " the darkest hour is just before the dawn" , Lord Alli must surely now realise that despite years investing big money and building a brand online in India it is now time to introduce management changes . The credibilty of KOOVS is running so low changes must now happen. The market must see something to re-inject investor confidence asap . There can still be a successful company with the right people in charge.
I don't know about the FLFL cash position but I suspect Koovs got wind of the funding issues when they announced on 3rd October a capital markets day to take place on 29th October and new joint broker .
https://www.futurelifestyle.in/Admin/pdf/FLFL_Annual_Report_2018-19.pdf
Forgot the link .....comments on page 20 from Biyani about KOOVS
Putneylad , I think you have hit the nail on the head regarding FIFL's relationship with KOOVS.
FIFL Managing Director, Kishore Biyani has outlined the interest his company has in KOOVS in his message to shareholders published in July 2019 ( page 20 of the FIFL annual report on link). I have posted Biyani's comments about KOOVS which clearly holds value for FIFL and hopefully the funding issue is sorted asap.
"To further strengthen our digital
presence and expertise, we acquired
16.25% stake in Koovs Plc., and
intend to reach upto 29.9% stake.
Koovs operates the India-focussed
popular fashion portal Koovs.com.
With its easy navigation, catwalk
videos, 360° product views and a
portfolio of home-grown fashion
brands, Koovs.com enjoys a cult-like
following among its customers. We
have deep expertise in both digital
technology and fashion design; and
are uniquely positioned to grow
profitably in the coming years. Apart
from integrating Koovs.com brands
within Central stores, we are also
leveraging the Koovs.com expertise and
knowledge in building digital platforms
for our brands.
In the forthcoming financial year, we
are slated to launch Brand Factory’s
e-commerce platform, backed by
the technical expertise and platform
provided by Koovs. As a leading
off-price brand outlet chain, we are
confident that Brand Factory Online will
perform exceedingly well in delivering
value for customers and for us at large"
putneylad,
despite your best efforts( plus the efforts of some other frustrated shareholders) to gain accurate information from the company and Nomad we are all left in limbo land .
We are left to rely on soundbites . I recall after the AGM there were some understandably positive posts on this site from shareholders who had attended the AGM in September . The shareholders had been informed at the AGM by Koovs CEO, Mary Turner, of the good working relationship between Koovs management and Future Lifestyle Fashions LTD. The Koovs CEO was quoted as stating she met with FIFL Managing Director, Kishore Biyani, on a regular basis ( once every two weeks I think it was) to discuss the working relationship. It now seems odd that the RNS on Monday this week stated that Koovs had been told by FIFL as late as 18th October that the Reserve Bank of India had requested FIFL to reapply for approval before any further subscriptions for Complusory Convertable Preference Shares are made by FIFL. In light of the fact that only £ 0.25 million of the agreed £6.81 million has been subscribed to by FIFL so far this calender year, surely , given the good working relationship between FIFL and Koovs and the slowness of FIFL taking up their agreed subscriptions this issue should have raised alarm bells sooner and the reasons why the full subscription had not been made established and published more quickly to shareholders .
I think we are all somewhat bemused by the present situation and some clarify would be welcomed ...
https://www.koovs.com/corporate/wp-content/uploads/2019/07/KOOVS_Investor_Presentation_July_2019.pdf
Bearing in mind there is a July 2019 investor relations presentation already published on Koovs Corporate website (found under Regulatory News section dated 18th July 2019) it begs the question ; why invite prospective investors to the capital markets day if there was no significant information about the companies progress over the last three months . There must be something news worthy being highlighting to the attendees on 29th October otherwise Koovs could just use the July 2019 presentation . It's interesting to note that there will be "presentations"rather than a single presentation being published on the Koovs website on 29th October . So fingers crossed , suffering shareholders will have some reading material to scrutinise . I'm sure I'm not the only person frustrated by the lack of information being provided in RNS form by Koovs.
Its good to see sensible reasoned debate on this board today irrespective of whether its bearish or bullish in nature . No doubt there is a significant opportunity for companies in the online retail space in India . I'm sticking with my view that medium / long term Koovs will prove to be a winner . Good luck whatever your viewpoint .
Christie Lagally, Founder and CEO of Rebellyous commented: -
"We are thrilled to partner with Agronomics in our work to transform a global industry. At Rebellyous, we are building a more efficient, profitable, and sustainable meat industry by reimagining the way meat is made. Through our novel production technology, we are enabling the production of plant-based meat at a scale not previously seen in this sector, and we could not do it without support from Agronomics."
Todays RNS is hopefully the start of a profitable relationship between Agronomics and Rebellyous Foods . It would be good to see Agronomics invest more cash into Rebellyous Foods as that company grows .
Note the tweet from Agronomics PLC this morning.
@AgronomicsLtd
3h3 hours ago
More
@RebellyousFoods has joined our portfolio! We are looking forward to working with @lagallyc and the team: A Seattle based company developing plant based meat alternatives, such as their delicious chicken nuggets. #plantbased #ANIC
https://www.crunchbase.com/organization/koovs/apptopia/apptopia_app_overview_list_public
Yes, Koovs share price is frustrating ( to say the least ) for all investors.
The latest mobile APP download figures for KOOVS ( updated on 1st October) shows a big monthly growth figure of 36% !
The total APP download figure for the last month is 302,775 .( 251344 on Google, 51431 on Apple).
Currently, in India there is a huge increase in mobile phone sales. It would be reasonable to assume that more APP downloads will increase KOOVS sales ...............we shall see in due course