UK 16:11 Saturday, 24 October 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Alternative foods investment company Agronomics (ANIC) has announced results for its half year ended 31st December 2020 and said that it considers that its investment portfolio shows considerable promise for future growth given the scale of opportunity to invest in the nascent alternative foods sector. We agree.
Operating expenses were reduced to £0.44 million and £0.51 million of returns were recognised. Year-end cash was £2.5 million, with net assets standing at £27.8 million. The latter was after a net £9.6 million of new equity and compared to £19.4 million six months earlier.
The company states that it is “expecting significant developments in a number of our portfolio companies that should positively impact their valuation in the coming months”… but the market cap, with the shares at 13.5p to sell is already £67.8 million so that is an awful lot of good news already discounted.
We only recommended the shares last month at an 8.5p offer and up to 9p, targeting 12p+ so this has been a pretty spectacular tip for us.
With that target more than achieved, for this short term focused site we now bank 58.9% offer to bid gains made in just weeks and suggest that you sell.
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