Agronomics Limited Edison issues update on Agronomics (ANIC)
August 11 2022 - 1:00AM
RNS Non-Regulatory
TIDMANIC
Agronomics Limited
11 August 2022
London, UK, 11 August 2022
Edison issues update on Agronomics (ANIC)
Agronomics (ANIC) invests in cellular agriculture companies.
This report provides an update on our January 2022 initiation note
and March 2022 update, following the announcement of ANIC's Q2 NAV
and some exciting new portfolio investments. These investments mark
a shift in focus, in favour of companies such as precision
fermentation contract manufacturer Liberation Labs and All G Foods,
which appear to offer greater near-term commercial potential.
ANIC's performance since inception in 2019 has been positive, with
an NAV total return of 80% over this period. And we share the
company's view that there is significant potential for further NAV
uplifts over time, as and when the company's greater focus on
nearer-term income pays off, and its longer-standing portfolio
holdings make further progress towards financial viability.
ANIC's historically high premium narrowed further in H122, for
reasons unrelated to its portfolio holdings. But the company's
conservative valuation policy, combined with its scarcity value as
the only UK-listed investment vehicle targeting cellular
agriculture and this industry's very favourable outlook, should
support the premium over time. So now may be a good time for
investors to gain exposure to this growing, game-changing sector at
an attractive level.
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All reports published by Edison are available to download free
of charge from its website
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