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Not a good look from a company that wants to do the best by the environment. Selling contaminated burley throughout the country.
"MPI's investigation found several breaches of its biosecurity management plan, and that the company failed to follow best practice for preventing the spread of disease."
http://www.radionz.co.nz/news/nation...eadly-bacteria
Last edited by IAK; 05-07-2017 at 08:01 PM.
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Originally Posted by BlackPeter
I recon the outcome will be quite digital.
binary ?
For clarity, nothing I say is advice....
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Originally Posted by peat
binary ?
Well, there might be more than 2 options (fully consented, partially consented, consented with conditions, declined), but not much more ...
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"Prediction is very difficult, especially about the future" (Niels Bohr)
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Good result!! I always knew NZK will do well as I am in hospitality business. But I refused to invest....
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Last edited by RGR367; 25-08-2017 at 10:15 PM.
Reason: sentence reconstruction
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Any thoughts on this one? Cracked through the $2 mark for the first time and has gone up nearly 100% since IPO
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Originally Posted by JeremyALD
Any thoughts on this one? Cracked through the $2 mark for the first time and has gone up nearly 100% since IPO
In principle good industry, however the company has some environmental spots on its vest and there are some political risks.
From memory - their current farming places are suboptimal (not enough water flow to remove all their sewage (or however you call the mix of salmon droppings and unused fish food), as well as water a bit too warm). I understand that there are proposals out to offer them more suitable places in the Sounds instead, but don't think that this is yet a done deal. Didn't follow over the last half year or so since I sold out, but I think iwi was not that happy about the proposals and (depending on who the incoming government is) I could as well imagine some other political issues.
http://www.guardiansofthesounds.co.n...n-epa-inquiry/
I am sure there are as well contrarian views (like from the company , but the following recommendation might be worthwhile reading for investors ... always good to know what the risks of an investment are:
https://www.mpi.govt.nz/dmsdocument/...l-presentation
They talk about high fish mortality (the highest in the industry) and lots of environmental problems.
DYOR - most of that is based on some fading memories, but for my feeling are there at this stage some quite significant risks for speed bumps coming up.
Last edited by BlackPeter; 12-10-2017 at 10:12 AM.
Reason: added second link and amended last paragraph respectively.
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"Prediction is very difficult, especially about the future" (Niels Bohr)
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I had a brief look and value metrics compared unfavourably to a similar company in Norway. So I stopped digging. There could still be value in here though..
Key point is their 'earnings' (including biological transformations) does not reflect their cashflow. Also I think the most recent year they have had below trend fish mortality, a reversal to the mean could impact earnings, there is a study for scottish salmon showing fish mortality is generally higher than NZK achieved (I dunno how applicable that is to NZ salmon though).
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I'd be careful about comparing NZK product to Norway's salmon. I understand that NZK farm Chinook salmon, the premium stuff. Don't know about Norway's or the Scottish products. I was sceptical about this float, like most here, but must accept now that it was an opportunity lost!
Last edited by macduffy; 12-10-2017 at 11:43 AM.
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Junior Member
Originally Posted by macduffy
I'd be careful about comparing NZK product to Norway's salmon. I understand that NZK farm Chinook salmon, the premium stuff. Don't know about Norway's or the Scottish products. I was sceptical about this float, like most here, but must accept now that it was an opportunity lost!
Indeed there is a noticeable difference. King (Chinook) Salmon is produced in far smaller numbers than Atlantic Salmon & is considered the premium species. I am aware of certain supermarkets in NZ selling imported Norwegian Salmon, there is a noticeable difference in taste & texture.
From a product point of view, NZ Salmon is among the best in the world.
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