Wonder how this affects the trading pattern in the head shares. How will typical (varying degree) late stage convergence of heads and rights prices not being possible mean that heads will remain higher than they would have?
Well sited Salmon farms in NZ around Stewart Island and South Island hydro canals do well.
Marlborough Sounds waters are too warm.
Cook Straight waters would work,but the set up costs,and ongoing costs would be challenging.
NZK do not have approval for such a farm.If they do get approval they will have a future.If not they will be dead in the water.
May consider if they can get Blue Endeavor through - otherwise, NZK is in terminal decline.
Recall Direct Capital buying into NZK in 2009 for $50m and they were lucky to get out 8 years later in 2017 via the IPO for around the same amount!
Company stated their financial position was strong and sound when they reported their financial results for F21 - a year later and they are having to do a heavily dilutary capital raising - says a lot about the nature of the industry.
NZK is an excellent company, doing the best in an industry with too many uncontrollable variables - an industry which has bugger all government support to survive & thrive imo.
NZK unfortunately is an uninvestable cot case as far as I am concerned and in terminal decline as Percy and Balance say above. Blue Endeavour will not change that.
reading there annual report
obviously demand is good , sales revenue is good and salmon pricing is good even looking ahead to future pricing
wow big blow out in costs last yr alright.
like they say they better rein in there cost base quite a bit since there down sizing some what
May consider if they can get Blue Endeavor through - otherwise, NZK is in terminal decline.
Recall Direct Capital buying into NZK in 2009 for $50m and they were lucky to get out 8 years later in 2017 via the IPO for around the same amount!
Company stated their financial position was strong and sound when they reported their financial results for F21 - a year later and they are having to do a heavily dilutary capital raising - says a lot about the nature of the industry.
NZK is an excellent company, doing the best in an industry with too many uncontrollable variables - an industry which has bugger all government support to survive & thrive imo.
Excellent at blowing their own trumpet at least - the current situation is a case of bad management decisions coming back to bite them. Locations with climate issues and problems compounded by what appears to be over-stocking.
I agree with whoever above said it is uninvestable.
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