Agronomics (AIM: ANIC)

Currency in GBP

Last close As at 06/02/2023

GBP0.13

−0.60 (−4.32%)

Market capitalisation

GBP132m

Agronomics aims to create value for shareholders by investing in companies that operate in the field of cellular agriculture, which derives conventional agricultural products directly from cell culture and fermentation, without the need for animals. It encompasses the concepts of cultivated meat, materials and precision fermentation, the use of microorganisms to grow valuable, formerly animal-derived ingredients and materials.

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Equity Analyst

Joanne Collins

Joanne Collins

Analyst, Investment Trusts

Share Price Performance

Price Performance
% 1M 3M 12M
Actual 13.6 (9.2) (27.1)
Relative 7.6 (17.5) (27.8)
52 week high/low 22.8p/10.8p

Overview

Agronomics (ANIC) invests in cellular agriculture companies. In our last note, we discussed a shift in its focus more towards precision fermentation companies, whose development is more advanced, offering greater near-term commercial potential. This week’s announcement that Onego Bio, one of ANIC’s portfolio companies, has entered a partnership with Perfect Day, a US precision fermentation company, is a further step in this direction. The alliance should hasten Onegro Bio’s route to market and financial viability and increase ANIC’s potential to realise further NAV uplifts. Food giant Nestlé’s recent move into precision fermentation is further evidence that ANIC’s increasing interest in this sector may prove timely.

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