The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
https://www.standard.co.uk/news/london/extinction-rebellion-activists-occupy-smithfield-market-and-set-up-fruit-and-veg-stalls-a4256381.html
The mass protest which has closed down Smithfield market today is part of the mass worldwide movement to stop the slaughter of animals for meat production and to promote plant based substitutes. Personally, I like the occasional burger from McDonalds and in restaurants but the publicity emanating from these protests has got me thinking about the negatives impacts of livestock farming and eating meat to the extent that I have cut down on my meat consumption . I'm a million miles form being a sandal wearing fraggle but mass movements of this nature will drive the development of meat substitutes and will in turn encourage investment . All good for Agronomics PLC and any company in the alternative meat sector IMHO.
https://www.similarweb.com/website/koovs.com#overview
September 2019 figures for Koovs.com webite visits (3.07 million visits) show a jump of 30.58% from the August stats. At least that's one thing heading in the right direction !
https://economictimes.indiatimes.com/industry/services/retail/small-town-india-helps-amazon-flipkart-record-growth-in-sales/articleshow/71449679.cms
A few weeks ago Koovs CEO was interviewed on a BBC report stating the company had seen an increase in customer sales from smaller Indian cities & towns. That may explain why there has apparently been issues with late deliveries and complaints from customers citing poor refunding procedures by Koovs . Koovs' delivery /return logistics may be struggling to keep up with the demand in geographical areas more difficult to access ! Improving logistics and delivery times is not an impossible issue to resolve for Koovs imho.
The above article proves the big increase in online sales ( especially fashion)to smaller towns by the giants Amazon & Flipkart .
“We doubled our transactions in tier-III cities. Fashion, general merchandise and beauty categories did well with first-time shoppers,” said Flipkart’s Krishnamurthy."
“We received orders from 99.4% of India’s pin codes, of which 88% customers were from smaller towns,” said Agarwal. For Amazon’s first-time shoppers, fashion was the biggest category, followed by smartphones and consumables, he said."
thanks, I'm looking forward to some news on further ANIC investments soon .
https://masterinvestor.co.uk/equities/cultivated-meat-climate-change-the-presence-of-plant-based-foods-science/
"This raises the question – how will plant-based products ever be able to achieve price parity? A Seattle-based company, Rebellyous Foods, is attempting to achieve exactly this. The company pioneers itself as an innovative manufacturing company that can bring the cost of plant products, specifically chicken nuggets, down to match industrial chicken nuggets in taste, price and texture.*"
Rebellyous Foods would fit nicely into ANIC's portfolio . It's mentioned in the article written by Laura Turner, Agronomics analyst ( who has written a series of articles for the magazine) . Furthermore, Agronomics staff have recently attended the Good Food Conference in San Faranciso which is a major networking event in the USA.
"Agronomics (LON: ANIC) is just getting going. Jim Mellon and Anthony Chow’s trip to attend the Good Food Conference in San Francisco was more than a success, and as with most Septembers, it has been a hectic month. Jim, Anthony and I popped off to Berlin at the end of the month to visit the strong food tech hub – perhaps lesser known than in the Bay Area.
As our portfolio continues to grow, we remain heavily excited by our first three investments in Bond Pet Foods, New Age Meats and BlueNalu. The teams are all immensely busy in R & D phases. "
https://www.standard.co.uk/business/meet-waheed-alli-the-labour-peer-suffering-birth-pangs-of-india-s-answer-to-asos-a4183176.html
This was the article published in the Standard , back in July . Slight correction to my post below. Lord Alli was not quoted stating Koovs will need further funding in the future but rather the author suggests that may happen . The article was overall bullish and a good read for any potential new investors in Koovs .
" Although analysts at Hardman & Co are bullish about it's chances , risks such as slower uptake of e-commerce or new entrants could hold the retailer back. It will probably have to raise more cash too. "If you take investors' money, you have an obligation to deliver returns on them.We're going to win the race that we are in .Our brand is going to win in India ," says Alli , confident that Koovs will be in the black by 2022-23"
I concur Matt . In an article published in the Evening Standard back in July , Lord Ali made reference to Koovs seeking further funding in the future . So , the Capital Markets day appears to be a good move as part of the fundraising process .
https://www.greenqueen.com.hk/lab-grown-food-to-drive-collapse-of-beef-dairy-industry-by-2030-says-new-report/
Fundamental change is bound to take place in the food industry . Its just a question of time .
"A new report conducted by independent think tank RethinkX concludes that the beef and dairy industries are in a “death spiral” and will collapse by 2030, predicting that the bold disruption will be driven by new food technologies, including cell-based meat and plant-based analogs, that are rapidly innovating to replace the currently carbon and resource-intensive traditional livestock agriculture"
Understandably , there has been a lot of negative thoughts expressed on this bulletin board about the slow progress of Koovs and the decline in the share price. Maybe now it is feasible that there is a positive future for the company which will surprise all Koovers.
https://www.businessinsider.com/amazon-makes-brick-and-mortar-play-in-india-2019-8?r=US&IR=T
Another article outlining the significance of the Amazon involvement with Future Retail Group ( which holds a 25% share interest in Koovs). Worth a read to gain an understanding of developments in the online retail sphere in India.
"The deal gives Amazon around half of Future Coupons' 7.3% stake in Future Retail and, after three years, the opportunity to acquire part or all of the share currently owned by Future Retail's founding family, which is worth over 40% of the company. Future Retail is likely an appealing investment for Amazon as it operates over 2,000 stores, including hypermarkets and supermarkets, in more than 400 cities in India."
https://asia.nikkei.com/Business/Business-deals/Amazon-buys-Future-Retail-stake-to-ride-on-billionaire-Biyani-s-India-store-network
It's good to see renewed interest in Koovs today . Investors latching onto the fact that Amazon is getting its foot in the door with The Future Group which in turn is a 25% shareholder in KOOVS .
"Amazon.com's stake purchase in Future Retail sets the stage for the U.S. company to embolden its distribution network in India, where intense competition and regulatory hurdles hobble its prospects.
Amazon will buy a 49% stake in Future Coupons, a payments solutions business owned by Future Retail, and gain a 3.6% stake in the retailer that operates more than 1,500 supermarket stores across 400 cities in India. It will also get the first right of refusal in case Kishore Biyani, the billionaire founder of Future Retail, or his family decides to further trim their combined 47% stake in the company, as per their agreement. Financial details weren't disclosed.
The deal gives Amazon a beachhead in India's $365 billion retail market, of which more than 62% is groceries, according to Morgan Stanley. Store retailers have barely grabbed 3% of this pie, while online penetration is negligible. Amazon will ride on Future Retail's vast network of convenience stores spread across smaller towns and cities to address this huge market for groceries, say analysts."
Mniy,
in response to your question , BlueNalu is not a publicly listed company. It is a private USA company and therefore does not use the Regulatory News Service to publish news . If you are asking why Agronomics PLC have not released an RNS , I don't know the answer because I'm not familiar with the stock exchange rules regarding investment companies releasing news about their individual investment holdings.
https://www.businesswire.com/news/home/20190822005573/en/BlueNalu-Announces-First-of-its-Kind-Commercialization-Strategy-Facility-Designs
One of Agronomics' investments , BlueNalu, has today announced its strategy for commercialization and facility designs for large-scale production of cell-based seafoods. The article published today above is worth a read . Think back a number of years to when TESLA was in its formative years with a new concept of mass production of electric vehicles intended to disrupt the vehicle industry . BlueNalu has the potential disrupt the seafood industry in a similar way.
"BlueNalu has created a five-phase commercialization strategy that starts with R&D and small-scale pilot testing, evolves to a phase that enables market research testing, and culminates in food facilities that are 150,000 sq. ft. under roof. It is anticipated that each facility will produce up to 18-million pounds of finished seafood products per year, or about 72 million four-oz seafood fillets or equivalent units per year. BlueNalu is currently entering its first phase of development, producing whole seafood medallions and fillets at pilot-scale. The company plans to introduce products into a test market in two to three years, and break ground on its first large-scale production facility in five years. This production facility will meet Good Manufacturing Practices (GMP) guidelines and comply with regulatory requirements determined by the FDA for food production."
"The BlueNalu facilities will each be designed to serve regional population centers, initially focused on serving countries in North America, Asia, and Europe, where there is the greatest current and projected per capita consumption of seafood. The company intends to replicate its initial facility to dozens of locations across the globe, making continual operational enhancements along the way, and selecting varieties of fish, product applications, and marketing channels to meet the needs of each selected region. BlueNalu’s strategy will contribute to a more stable global supply chain for seafood, in a way that supports the health, sustainability and biodiversity of our ocean."
https://agronomics.im/directors/
The Company new website is now online. Worth a read for potential new investors.
https://www.bbc.co.uk/news/education-49321560
A few years ago this kind of article would have been taken to be an Aprils Fool type spoof. However, slowly , but surely the meat industry and consumers are demanding cleaner food sources . It's happening right now .
"Goldsmiths, University of London, is removing all beef products from sale - and charging a 10p levy on bottled water and single-use plastic cups."
Steady share price increase continues . ANIC is the only UK stock market listed entity enabling investors to invest in the increasingly popular Clean Food sector .Looks like a few more savvy investors climbing aboard . Thought I was talking to myself which is the first sign of madness ....wibble...wibble...
It’s good to see the share price marching upwards today .... word is clearly spreading about ANIC in the investment community .For any readers interested in what’s on offer it must be remembered that Agronomics offers investors the only route via the UK shock market to invest in the clean food sector . This is a sector set for huge growth and the company is managed by a board packed with good reputations and connections in the financial world . Exciting times ahead ....
The clean food revolution is also about clean fish .One of Agronomics seed investments is San Diego based BlueNalu which creates lab- grown clean seafood. A huge market waiting to be captured .The article below is worth a read and mentions BlueNalu , a company with much potential IMHO.
https://www.livekindly.com/if-we-want-to-save-whales-we-must-stop-eating-fish/
"Like other clean meat companies, BlueNalu extracts cells from fish and then grows the meat in a bioreactor. It’s not just healthier for the ocean, and for the whales, but it’s also healthier for humans, maintains the company; mercury and microplastics are among some of the toxins contained by fish."
https://masterinvestor.co.uk/equities/clean-meat-the-future-of-our-food/
"Last month, I had the pleasure of attending the New Harvest conference on Cellular Agriculture in Boston (which was just as hot as graduation day in Oxford), with Anthony Chow representing Agronomics (LON:ANIC). It proved to be a very exciting weekend, and one that highlighted how companies in the space will be able to scale up their production lines using bioreactors not dissimilar to fermenters for dairy, to drive down costs. The $280,000 clean meat beef burger of 2012 created by Mark Post, now co-founder of Mosa Meat, could be down in price to just $10 in a few years."
https://www.forbes.com/sites/juliabolayanju/2019/07/22/cell-based-fish-4-important-facts-everyone-should-know/#21c68dd7c97a
Informative article about the science and development of cell based seafood at BlueNalu. This is well worth a read . It really shows that massive potential of BlueNalu of which ANIC holds a 2% investment as an early investor. That may sound like a small amount but BlueNalu has the clear potential to be an industry leading company potentially worth billions in the future .(just look at the multi-billion dollar valuation of BeyondMeat when it IPO'd recently )
"As demand for seafood grows with the global population, the existing seafood sources cannot keep up. In addition to animal welfare issues, over fishing hurts the vast and essential biodiversity of our oceans that we all rely on.With cell-based seafood, we can help provide a stable supply of seafood across the world to both reduce stress on the oceans and liberate consumers from the existing price and quality fluctuations"