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Thread: SANford Chart

  1. #161
    always learning ... BlackPeter's Avatar
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    Quote Originally Posted by Aaron View Post
    WELL STOP TALKING THEM UP AGAIN, I pulled my bid this morning after seeing the S&P500 down over 2% last night, hoping for a bit of a panic drop. So close but not moving down any further today. Maybe I should just meet the market instead of rue what might have been. I would have thought of this as a dividend company (although currently a 0% yield), share price fluctuations shouldn't worry you. Although that said a 50% decline over the last little while has been interesting to watch.

    My hoped for parcel is about the same as the CFO but I would bet that it forms a much larger percentage of my portfolio.
    Sorry - you should have told me.

    They are a terrible company with diminishing returns and - hey who wants to eat high quality fish anyway?

    This better?
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  2. #162
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    Quote Originally Posted by BlackPeter View Post
    Sorry - you should have told me.

    They are a terrible company with diminishing returns and - hey who wants to eat high quality fish anyway?

    This better?
    Much appreciated, although a little late.

    I bought at $4.51 roughly. Original bid was $4.41 and looks like this was nearly reached at the close.

  3. #163
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    Quote Originally Posted by BlackPeter View Post
    Sorry - you should have told me.

    They are a terrible company with diminishing returns and - hey who wants to eat high quality fish anyway?

    This better?
    Well if we were talking about NZ King Salmon, the answer would appear to be pets. I thought NZK were aiming for a premium product, but tucked away on page 12 of the investor presentation with the half year report was:
    Quote Originally Posted by NZK investor presentation
    Sales to China have decreased through the pandemic
    • Sales to this market continue to be affected by global challenges.
    • Sales are not expected to increase during this period.
    • Petfood sales (not shown) growing strongly.

  4. #164
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    anybody who hasnt watched seaspiracy on netflix is missing a good doco on the seafood industry. surely sanford or the other fish companies in nz dont pratice some of the stuff they say overseas operators do?
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    Quote Originally Posted by bull.... View Post
    anybody who hasnt watched seaspiracy on netflix is missing a good doco on the seafood industry. surely sanford or the other fish companies in nz dont pratice some of the stuff they say overseas operators do?
    I haven't managed to watch it but according to my sources and chats I've had & seen about it, it is most certainly not "a good doco", at least not if you're interested in facts. Here is a link you may find interesting from a well respected scientist.
    https://sustainablefisheries-uw.org/...cyODOJQ6U1gR-0

    The NZ fishing industry can be proud of what they do but will always strive to do better, like all industries should.

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    The fishing in New Zealand is no where near sustainable, its all geared in favour of the big boys and their foreign charter vessels and crews oh and the Maori cashing in their Lease fees. All Perpetuating the lie that it is sustainable.

    Catching seasons for the likes of Orange Roughy and many other “seasonal” fish generally take place during “the spawn” ie when the fish a Biologically coded to be procreating. Swimming slowly and in shallower waters.

    The stages of the catching season are distinguished by cutting them open and checking what state the roe is in / at

    Tell me how a fishery is “sustainable” by catching a species when it is at its most vulnerable trying to create the next generation.


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    Last edited by ziptie; 11-04-2021 at 09:58 PM. Reason: I needed to chill out

  7. #167
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    Quote Originally Posted by ziptie View Post
    The fishing in New Zealand is no where near sustainable, its all geared in favour of the big boys and their foreign charter vessels and crews oh and the Maori cashing in their Lease fees. All Perpetuating the lie that it is sustainable.

    Catching seasons for the likes of Orange Roughy and many other generally take place during “the spawn” ie when the fish a Biologically coded to be procreating. Swimming slowly and in shallower waters.

    The stages of the catching season are distinguished by cutting them open and checking what state the roe is in / at

    Tell me how a fishery is “sustainable” by catching a species when it is at its most vulnerable trying to create the next generation.

    .
    This comment is simply not factual. Old & out of date stereotyping. The orange roughy stocks you refer to were indeed overfished but the industry reacted and changed some 15-20 years ago, resulting in a steady rise in biomass and a healthy stock. Natural causes have much more effect on stocks than fishing in NZ.

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    So you are telling me they Don’t target the likes of roughy when it is most Vulnerable and congregating in the shallower waters?

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    Quote Originally Posted by iceman View Post
    I haven't managed to watch it but according to my sources and chats I've had & seen about it, it is most certainly not "a good doco", at least not if you're interested in facts. Here is a link you may find interesting from a well respected scientist.
    https://sustainablefisheries-uw.org/...cyODOJQ6U1gR-0

    The NZ fishing industry can be proud of what they do but will always strive to do better, like all industries should.
    that video you presented offers an opinion with no facts to back it up. As for you suggesting I have an agenda what a load of rubbish i was presenting the suggestion for discussion.

    My personal opinion is fishing is a sunset industry , just like agriculture except in a niche capacity for the more well off people. Im not a vegan but a realist.

    I do believe also the world is over fished and stocks are in decline which will lead to fish wars and more poaching in foreign waters
    Last edited by bull....; 12-04-2021 at 08:05 AM.
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    Quote Originally Posted by iceman View Post
    I haven't managed to watch it but according to my sources and chats I've had & seen about it, it is most certainly not "a good doco", at least not if you're interested in facts. Here is a link you may find interesting from a well respected scientist.
    https://sustainablefisheries-uw.org/...cyODOJQ6U1gR-0

    The NZ fishing industry can be proud of what they do but will always strive to do better, like all industries should.
    I also found Mr Hilborn's video to not be credible. No facts presented just lots of name calling about vegan activists. Sure they can be annoying but stick to the issues. Fishing has had a lot of problems for a long time including in NZ.

    As for Seapiracy, its having an impact, few people have bought it up to me and said they will eat less/no fish.

  11. #171
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    Amazing - one year ago Sanford share peaked at $7.38 and analysts thought that this must be one of the best shares in the universe (they offered still in April 2020 a BUY recommendation with 9.17 out of 10) - i.e. they thought that the at that stage already quite dear share will keep on rocketing upwards.

    One year later ... Share price dropped to $4.58 (I guess this will teach us to follow analyst recommendations, won't it?) and analyst recommendation today is only "HOLD" (5/10).

    Just wondering - given that analysts got it so wrong a year ago, what is their current pessimism telling us?

    In my view is Sanford one of the companies which will gain from a drop in Covid numbers ... and many of Sanford's target markets make huge progress in immunizing their population. Upmarket restaurants in the US and in Europe and in Asia likely to open up again over the coming 3 to 6 months.

    Maybe Sanford is at current prices really a buy? - only time will tell.

    Discl: Bought some and thinking about accumulating more.
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  12. #172
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    hey BP
    I dont follow it too closely but do recall something about really old boats that were gonna need money or they'd become unreliable etc.... something for someone who is considering accumulating to investigate I suggest.
    not much to love in that chart either but I agree with the thinking re demand. Perhaps King Salmon could be another beneficiary of that if you want to keep it fishy.
    For clarity, nothing I say is advice....

  13. #173
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    Quote Originally Posted by peat View Post
    hey BP
    I dont follow it too closely but do recall something about really old boats that were gonna need money or they'd become unreliable etc.... something for someone who is considering accumulating to investigate I suggest.
    not much to love in that chart either but I agree with the thinking re demand. Perhaps King Salmon could be another beneficiary of that if you want to keep it fishy.
    Well, yes - they made some mistakes. Don't think that their fleet is currently in too bad shape, though we still don't know what happens with the boat forfeited to the crown.

    I guess the question is how the new CEO will run the ship ... hopefully a case of new brooms sweep clean ... but obviously - he might as well find some more skeletons in this process. Maybe a case to wait for the next update ...

    Overall - while I was no fan of their prior CEO (and didn't hold during that time) ... I always thought that they have a lot of experience in their ranks. I do think the company does have value - question is whether they now have the right crew and captain to realize it?
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    Quote Originally Posted by peat View Post
    hey BP
    I dont follow it too closely but do recall something about really old boats that were gonna need money or they'd become unreliable etc.... something for someone who is considering accumulating to investigate I suggest.
    not much to love in that chart either but I agree with the thinking re demand. Perhaps King Salmon could be another beneficiary of that if you want to keep it fishy.
    The 35 year old (from memory) Granit that they bought from Norway about 3 years ago, an old heap of crap and has been an utter disaster for SAN, is currently undergoing a big refit that I believe is costing $ 12 million. Just to try to get it up to scratch. They could have built a new boat for what they've spent on this vessel, which is still an old and outdated vessel.
    Another smaller one bought from Canada never passed safety regulations and was quietly scuppered, never catching a fish.

    Agree with BP that hopefully the new CEO will make the necessary changes but until I see a proof of it, I will be staying out of this one.
    Last edited by iceman; 04-05-2021 at 12:01 PM.

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    I was talking today with one of the operatives/sailors in the south Island Timaru based whom has been on leave for over 4 months due to the refit & he was very upbeat about the future ,telling me nothing goes to waste all the guts etc will now go in to a newly installed plant to make into pet food all the skins go to the Chinese for health food products /potions and looking forward to setting out in a couple of weeks .
    I also think this once covid ravaged stock will rise again

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    Quote Originally Posted by ralph View Post
    I was talking today with one of the operatives/sailors in the south Island Timaru based whom has been on leave for over 4 months due to the refit & he was very upbeat about the future ,telling me nothing goes to waste all the guts etc will now go in to a newly installed plant to make into pet food all the skins go to the Chinese for health food products /potions and looking forward to setting out in a couple of weeks .
    I also think this once covid ravaged stock will rise again
    All pretty standard today. The fact remains that SAN now has a very old boat that now owes them over $60m (my estimate) and has a resale value a fraction of that. This whole episode has been disastrous for SAN both in huge costs and very poor performance.
    Last edited by iceman; 04-05-2021 at 06:37 PM.

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    Appreciate your estimate Iceman noted ,I did not go into that much detail with the contact but as I was indicating he was very impressed with the refit and the future potential of the fishing there after .
    It has been a disastrously sp covid situation for San agreed ,will be interesting to see what the new ceo brings in!!

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