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  1. #131
    Member
    Join Date
    Feb 2016
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    139

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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.

  2. #132
    IMO
    Join Date
    Aug 2010
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    Floating Anchor Shoals
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    9,697

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    Yep they are planning for this but it is some years away to fruition, like 8 plus.
    Last edited by Joshuatree; 26-03-2019 at 08:36 AM.

  3. #133
    Senior Member
    Join Date
    May 2018
    Posts
    710

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    Another strong day. The elusive $3 might be realised by the end of the week.

  4. #134
    Legend Balance's Avatar
    Join Date
    Feb 2003
    Posts
    21,488

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    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!

  5. #135
    Speedy Az winner69's Avatar
    Join Date
    Jun 2001
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    , , .
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    Can’t stop thinking about the 25% (or higher) mortality rate

    That’s a lot of dead fish ...poor buggers dying in captivity
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

  6. #136
    Dilettante
    Join Date
    Mar 2010
    Location
    Down & out
    Posts
    5,407

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    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 ?

  7. #137
    IMO
    Join Date
    Aug 2010
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    Floating Anchor Shoals
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    9,697

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    Quote Originally Posted by Joshuatree View Post
    My broker has an extensive research note (37 pages) and a buy on NZ King salmon.
    I find it bizarre that they dont mention the warming temperatures in they risks near the end.
    On page 35 they talk about last years elevated temps which cause 20% mortality as if it was a rare one off and the s/p will recover upon good results this year!! To me thats a gamble, not investing imo.
    New Zealand sea temperatures Sea Temperatureshttps://www.seatemperature.org/australia-pacific/new-zealand/ Temps go Jan to December only. Current temp marlborough sounds 18.3 degrees.unfort. 19 degrees looks serious?. The company are expected to update the water temp and its effects on salmon mortality.
    How many took craigs pumping advice and were hooked lined and sinkered in this high risk BUY!.

  8. #138
    Member
    Join Date
    Jan 2018
    Posts
    190

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    Quote Originally Posted by Joshuatree View Post
    How many took craigs pumping advice and were hooked lined and sinkered in this high risk BUY!.
    Is it that Craig who upgraded THL from hold to buy a couple of months ago???!

  9. #139
    Senior Member
    Join Date
    May 2018
    Posts
    710

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    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.

  10. #140
    percy
    Join Date
    Oct 2009
    Location
    christchurch
    Posts
    17,222

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    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.

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