Jack Porus, one of the old timer highly successful investors, recently added to his shareholding - draw my attention back to the stock to have a look.
http://nzx-prod-s7fsd7f98s.s3-websit...843/403740.pdf
Only have to look at the price of fresh & smoked salmon or salmon sushi in the shops/restaurants to appreciate how well the NZ king salmon farmers must be doing.
Issue now is getting volume - and that's a function of a whole host of factors, some of which like water temperature are outside of the control of the company.
I was at a food expo 2 weeks ago where the 3 big salmon companies had stands (Regal(NZK), Sanford & Aoraki) and it was most enjoyable indulging in the free tasting (especially the sashimi from Sanford). I asked the NZK rep why they were not exhibiting Regal (being their premium brand) and he replied that they were allowing the salmon to breed longer and build bulk & weight to fetch premium prices in the export markets. So things seem to be humming along well for them.
Still plenty of negative sentiment out there though as regards this stock - too many disappointments in the last 3 years so will take more runs on the board before the market will get comfortable with investing in the company again.