We provide an update on Agronomics portfolio of cellular agriculture companies following a busy start to 2022 delivering five investments into the portfolio. With two of these investments resulting in uplifts to original investments, we estimate that the current net asset value (NAV) per share is c15p. Notably, the current share price is trading virtually in-line with our NAV per share estimate, while in recent years the shares have traded at a significant premium. We believe that the key driver ....
