There's a wonderful NZ King Salmon cat food suddenly available in Nelson. ;) I guess the fish mortality was quite high. It looks like Cook Strait will suit the salmon better - and please the folk living in the Sounds.
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There's a wonderful NZ King Salmon cat food suddenly available in Nelson. ;) I guess the fish mortality was quite high. It looks like Cook Strait will suit the salmon better - and please the folk living in the Sounds.
Yep they are planning for this but it is some years away to fruition, like 8 plus.
Another strong day. The elusive $3 might be realised by the end of the week.
https://www.nzx.com/announcements/333854
"The 2019 summer season has again been challenging for overall fish performance, due to sustained warm water temperatures which continued into April. The full year mortality cost for the year ended 30 June 2019 (FY19) will now be materially higher than in FY18. Forecast fish harvest for FY19 is now expected to be around 7,900MT. As a consequence directors advise that expected FY19 operating EBITDA is likely to be at the lower end of the previously noted Guidance of between $25.0 million and $28.5 million."
No wonder price of fresh salmon has gone up through the roof in recent months!
Can’t stop thinking about the 25% (or higher) mortality rate
That’s a lot of dead fish ...poor buggers dying in captivity
Mitigating global warming risk will include:
" • Choosing to move to site single year class of fish across all farms as soon as possible (global best practice is regional ‘all in all out’ single year class), with fallowing between year classes. This will result in a significant reduction in previously forecast harvest volumes in the next few years, and an increase in capital expenditure requirements. More details will be provided as part of our year end results announcement in late August. "
Doesn't look very good does it ?
I wondered what was driving the price up ahead of any announcement of performance in the warm waters. Pleased I sat on my hands with this one now - although if you were quick enough to bail it has been a good couple of months.
I did not buy at IPO as I thought they were in the wrong location,and the waters were too warm..
Have been very surprised how well the share has done.