Agronomics Limited Edison issues update on Agronomics (ANIC)
10 Marzo 2023 - 8:15AM
RNS Non-Regulatory
TIDMANIC
Agronomics Limited
10 March 2023
London, UK, 10 March 2023
Edison issues update on Agronomics (ANIC)
Agronomics invests in cellular agriculture companies. Since
mid-2022 it has placed increasing emphasis on companies using
precision fermentation technology or providing contract precision
fermentation services, as these appear to have greater near-term
commercial potential than cultivated meat and seafood. Agronomics'
NAV has risen almost 100% since the inception of the current
strategy in April 2019, and looks set to increase further as the
company's portfolio holdings receive regulatory approval for their
products and/or begin generating income. ANIC is the only UK-listed
vehicle targeting cellular agriculture, thus offering investors a
rare opportunity to gain exposure to this exciting and rapidly
expanding, but difficult to access, sector. The company is trading
at a rare discount to NAV, providing investors with a chance to
gain exposure at a particularly attractive price.
ANIC's share price is trading at an uncharacteristic discount to
cum-income NAV, for reasons that, arguably, have little do with the
company's performance. In our view, this situation provides
investors with an opportunity that is unlikely to persist for too
long, due to the increasing appetite for sustainable investments
and the scarcity of alternative investment options in the cellular
agriculture sector. The potential of eventual valuation uplifts to
ANIC's portfolio holdings should also support the share price and
diminish the discount over time.
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