Agronomics: something doesn’t smell right!
While the rest of the market is impairing the value of early-stage private company investments, many of which were made when valuations were riding high in an era of cheap money and modest inflation. Agronomics surprisingly continues to register meaningful gains; something doesn’t smell right to us!
Agronomics (AIM:ANIC), the AIM listed investment company focusing on the field of cellular agriculture, has announced interim results for the six-months ending 31 December 2022.
Our earlier commentary here: ‘Agronomics: illustrates the crazy nature of the market’ drew attention to the ridiculous valuations being placed on early stage companies, since when a degree of common sense has returned to the VC market and the share price of Agronomics has halved.
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