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.
Anything at the vagaries of weather has to be a huge risk, fighting the long term trend of warmer sea temperatures seems particularly risky. Can only end badly in the long term.
Anything at the vagaries of weather has to be a huge risk, fighting the long term trend of warmer sea temperatures seems particularly risky. Can only end badly in the long term.
Salmon farming in the sounds is clearly not sustainable. I think their big plan is to move into colder waters - open sea farming and going further South.
They only need to convince the current government that it is a good idea to grant some resource consents in return for jobs and export earnings. How hard can it be?
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"Prediction is very difficult, especially about the future" (Niels Bohr)
They only need to convince the current government that it is a good idea to grant some resource consents in return for jobs and export earnings. How hard can it be?
They will never have another Shane Jones so if they can't get it over the line at the moment I don't like their chances. It is Government that you are talking about though.
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.
I also have never invested in NZK but always thought it would do well once I found out the chairman was John Ryder and of course loving their amazing product.
PE has remained above 20 for as long as I have had my eye on it and growth seeming unpredictable.
Even if its a good/great business the price has to be right.
Salmon is the biggest selling and fastest growing market in seafood so farming salmon is a big business. Yes there are environmental concerns with it like with nearly everything we humans do, but they will be dealt with. I have never invested in King Salmon because I don't think the Malborough Sounds is a future area for salmon growing. It needs to be done in more open waters and my preference in investing in this sector in NZ is Sanford, which grows their salmon in Big Glory Bay on Stewart Island. Salmon farming is here to stay and will and should get much bigger.
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