NZK - NZ King Salmon

[iceman]

A small group of share investors here in Nelson has arranged for Andrew Clark, CFO of King Salmon to give a presentation and answer questions. Held at Richmond Library at 10AM on Monday 10 October. All are welcome. Unfortunately I will be out of town so can't attend. Would be happy to forward any questions ?

[BlackPeter]

A small group of share investors here in Nelson has arranged for Andrew Clark, CFO of King Salmon to give a presentation and answer questions. Held at Richmond Library at 10AM on Monday 10 October. All are welcome. Unfortunately I will be out of town so can't attend. Would be happy to forward any questions ?

Hi iceman at all, the meeting starts at 10.30: http://www.sharetrader.co.nz/showthr...l=1#post637534

Anyway - I won't be there (400 km too far away ...) but do have contacts to the organiser - i.e. if there is anything you want to know, than I am happy to forward questions and relay the answers.

[RGR367]

As there is no public pool offer, I'll just get some when it's already listed as ASB Securities, who got my margin facility, told me they're not participating on this IPO.
GL to those IPO participants here.

[Leftfield]

Interesting development and opportunity.....

http://www.bloomberg.com/news/articl...lar-snack-food

[whatsup]

$1.15 listing today

[Balance]

$1.15 listing today

Not much of an inspired listing, is it?

Especially when Direct Capital decided to exit after 7 years, and taking a loss on their investment.

[RGR367]

To add something to this thread http://www.intrafish.com/aquaculture...715c-244768249

[Apathy]

http://www.stuff.co.nz/business/indu...tock-exchanges

The retired marine biologist has been a vocal critic of the company.
"It's illusory for King Salmon to think they can increase production when the waters are too warm in the Sounds to farm salmon.
"They've never managed to make it viable and it has never been as profitable as they have intended."

And that is while they still get away with synthetic dye and ground up chicken feathers and fat for cheap feed stock.

[RGR367]

New product line for NZK http://www.stuff.co.nz/business/8730...nable-business

[BlackPeter]

OK - I guess at some stage I need to admit it anyway ... bought some weeks back in and so far quite happy with the developing uptrend.

My reasons to buy in?

1) Met some months ago with John Ryder (he founded RYM and is chair of NZK). I like his investment and business philosophy (By the way - he wrote an outstanding book about investing: Global Investing: https://www.amazon.de/Global-Investi...obal+investing), and he stands not just fully behind this company (well, he would, wouldn't he?) but he has as well lots of skin in the game.

2) Fundamentals look quite healthy (PE 12.5, CAGR - above 10), they produce valuable protein (something the world is in need for), farming is less harsh to the environment than fishing (yes, I know, but it really is), and they do pay a sustainable dividend;

3) Board and management have lots of skin in the game - and pleased to note that the CEO just topped up his already sizeable holding (he put another nearly $50k into a more than $2m portfolio): https://www.nzx.com/files/attachments/250976.pdf

4) Did I mention the moat? Salmon farming does requires some specialist knowledge ... and licenses in parts of the world suitable for salmon farming (as a starter you need clean cold water) are limited ...

5) And - ah yes, the share seems to be in a nice uptrend ...