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Can some one explain to me why, with no news and much less in the portfolio than we’ve got, this stock as managed to go up 130% in the last month and 380+% in the last six months? It makes no sense. The volumes seem small too.
I guess it points at what could (and hopefully will) happen as and when we turn a corner - rapid increase in value. I just cant work out why it’s happening now and so dramatically for Cult
Branding, I suggest.
CULT is a love, a movement, a bonding, an obsession, a mission, a calling, a secret society, selective.
AGRONOMICS - is a firm that invests fledgling cell agriculture for economic reasons.
Sometimes words are important. But we're British.
Look at the longer term graph for Cult and they have had a massive fall from grace. Whilst I really object to Mellon raping the accounts at will for his take on the percentage of NAV (which I'd love to know the accurate formula for) I think I'll stick with ANIC for the foreseeable future. Solar Foods will be a star player in the portfolio as will Liberation Labs amongst others. I hate to see the slow share price decline but it will turn when Mr Market takes notice of this industry.
Agree Idg69, I’m happy to be here not in cult (although I’d have taken a 300% hike happily!). At this price I’m sorely tempted to throw some more in. 6.8p is a crazy value for the potential here
I wonder if melon would even consider promoting this stock without a book to promote which was the only time he has. A nice steady wage for Anthony @ co and a money tap for melon. He must know this set up stinks to investors.
A bit harsh Dearmal. Mellon is the biggest stock holder with something like 150,000,000 shares. He took a lot of his recent fees as stock. Surely out of all of us he has the most interest in seeing the SP go up? He gets no benefit otherwise
I wouldn't be to worried about Jim's shares. He's making more than enough out of this every year than we are. Plus his new agrarian set up running parallel with this that we know nothing about.
How is he making any money Dearmal? He gets paid for any NAV increase in share. The same shares that he owns a boat load of and hasn’t sold any of yet. Those shares are slowly going down in value. Surely Jim is doing the same as the rest of us and sitting tight until some of the portfolio companies start generate revenue and the market realises the value of the industry and ANIC?
It's not about if you think this is value. Check through old RNS's and Mellon has it written into contract that if this share drops back into the 5's and 6's he can make another lowball offer to go private.
Can you point us to the RNS? Why would he want to take it private? Surely any such offer requires current shareholders agreeing to a price?
CULT has a yeast-based, high-protein, meat-free, cruelty-free pet-food / pet-treats product (Noochies) that looks market-ready, and it wants a slice of the $50-100b petfood industry in North America. It's spiked from a low base, well under £10m marcap. ANIC still has a lofty £70m marcap.
I think he/she is refering to RNS 7222R from 2020.
If so, they have misread.. no mention of a price trigger. At the time, the share was trading at a premium to NAV and the tender off was 6p (NAV was 5.75).
Still believe this share is cheap - NAV is up 300% since then but market price almost UNCH.
Board should look into a dual listing on Canada perhaps given Cult doing well. They have an AIM like market called TSX Venture.
We are already tradable through the US with AGNMF. Maybe its more a matter of exposure / PR as opposed to access?
Many thanks sdow. Super useful to have a read of both RNS relating to the consultation in mid-2020. It’s seems that ANIC was struggling to find investment during the start of the pandemic and suggested privatisation to allow private equity investors access and continue fund raising. That was firmly rejected by shareholders even though the offer was at a premium to NAV. It looks like the board listened and in the end came up with the new agrarian idea to allow both retail investors via ANIC and private equity via new agrarian, to invest.
For me, I’m reassured that there won’t be another attempt to privatise (as the private equity market has already got access) and even if there was, that any tender offer would be put to a vote (requiring 75% shareholder compliance) and it would be at a premium to NAV.
That’s pink sheets - venture is a proper electronic market with MM’s & decent liquidity.
Well.. it doesn’t *have* to be at a premium to NAV.
Having said that I believe they would struggle to reach the 75% since the shareholder register is even more institutionslised than in 2020 with a mandate for public listings. Hence they could not hold private listings & vote against.
Cult last accounts showed no cash, audit going concern qualification and suppliers and private lenders being paid in shares, which is also how management get paid. Good luck with that.
Don’t get me wrong, I wasn’t thinking of investing in Cult (for those reasons) just super curious why in spite of that they manage a 300% increase in six months from a similar bottom to the one that we’re currently heading to!
BMB thanks for clarifying. Cult does look terminal, but maybe their are some good assets in there that can be picked up for a song.
Looks like my grammar is terminal as well, more apologies.