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03-06-2021, 08:50 AM
#191
Originally Posted by winner69
... and don't forget the problems growing their King Salmon - apparently warm sea water not ideal for growing cold water fish.
Water temperature certainly will change with climate change, but will this favor the cold water loving King Salmon?
Maybe NZK should specialize in tropical fish ... much prettier anyway. Alternative would be to change the balance date to keep the shareholders confused. Oops - they just did that, didn't they?
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"Prediction is very difficult, especially about the future" (Niels Bohr)
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03-06-2021, 08:43 PM
#192
Member
Originally Posted by BlackPeter
... and don't forget the problems growing their King Salmon - apparently warm sea water not ideal for growing cold water fish.
Water temperature certainly will change with climate change, but will this favor the cold water loving King Salmon?
Maybe NZK should specialize in tropical fish ... much prettier anyway. Alternative would be to change the balance date to keep the shareholders confused. Oops - they just did that, didn't they?
Which is why they are proceeding with the Blue Endeavour project to farm in colder open water providing the regulatory regime gives it the go ahead.
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04-06-2021, 08:26 AM
#193
Originally Posted by TFA
Which is why they are proceeding with the Blue Endeavour project to farm in colder open water providing the regulatory regime gives it the go ahead.
Which, at this stage, is still a big "IF"
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"Prediction is very difficult, especially about the future" (Niels Bohr)
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04-06-2021, 08:42 AM
#194
Originally Posted by BlackPeter
Which, at this stage, is still a big "IF"
Does anyone have any idea what the potential enclosure escape losses are when farming in potentially extremely rough open water. Is it similar to the sheltered sounds or a lot worse? Would this simply substitute mortality losses for escape losses?
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04-06-2021, 09:40 AM
#195
"9.2 Key research needs
• As long as significant numbers of escapees continue to occur, there will be
significant research needs regarding the ecological and genetic impacts of escaped
farmed salmon on wild populations (see chapters 3 and 4). However, given the
compelling evidence pointing towards a high risk of negative impacts by escaped
farmed salmon on wild salmon populations (or on native fish/other organisms in the
case of escapes as alien species), and recognising the need to continually improve on
our knowledge of the interactions between cultured and wild Atlantic salmon, the
members of this working group would like to emphasise that the most pressing
research priorities are linked to: 1) technologies and efforts for containment (escape
prevention), and 2) approaches to reduce impacts of escapee"
http://www.fao.org/3/aj272e/aj272e.pdf
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30-07-2021, 09:46 AM
#196
About the same, or slightly down on last year, which was well down on the year before....BUT most of the profit to be made in the next 6 months, not much in the last 6 months....
NZK Market Update - NZX, New Zealand’s Exchange
NZK Market Update
30/7/2021, 8:30 amMKTUPDTE30 July 2021
NZK - NEW ZEALAND KING SALMON – Earnings update
Further to advice provided on 3 June 2021, regarding difficulties with trading in the first half of FY22 (1H22: Feb to July 21), NZK is now able to be more specific on full year guidance.
The 2022 earnings forecast of proforma EBITDA is in the range of $8.0m to $10.0m, the majority to be generated in 2H22.
Fish size, which was a problem in the first half due to a one-off issue with the model, has now recovered and biomass is on track for a satisfactory position in October 2021. Price increases have also been implemented.
A hearing date has been established for the open ocean farming consent application, named “Blue Endeavour”, in October 2021, which has the potential to generate significant supply in future years.
ENDS
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30-07-2021, 09:49 AM
#197
Originally Posted by Sideshow Bob
About the same, or slightly down on last year, which was well down on the year before....BUT most of the profit to be made in the next 6 months, not much in the last 6 months....
NZK Market Update - NZX, New Zealand’s Exchange
NZK Market Update
30/7/2021, 8:30 amMKTUPDTE30 July 2021
NZK - NEW ZEALAND KING SALMON – Earnings update
Further to advice provided on 3 June 2021, regarding difficulties with trading in the first half of FY22 (1H22: Feb to July 21), NZK is now able to be more specific on full year guidance.
The 2022 earnings forecast of proforma EBITDA is in the range of $8.0m to $10.0m, the majority to be generated in 2H22.
Fish size, which was a problem in the first half due to a one-off issue with the model, has now recovered and biomass is on track for a satisfactory position in October 2021. Price increases have also been implemented.
A hearing date has been established for the open ocean farming consent application, named “Blue Endeavour”, in October 2021, which has the potential to generate significant supply in future years.
ENDS
I noted that bit about how the majority is to come in second half.
When I see that I always shudder …never seems to happen
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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30-07-2021, 10:06 AM
#198
Originally Posted by winner69
I noted that bit about how the majority is to come in second half.
When I see that I always shudder …never seems to happen
Oops - just noticed the analysts expected an EBIDA in the order of $20m for FY2022.
https://www.marketscreener.com/quote...38/financials/
Now the company is forecasting $8m to $10m - and even that is still vapourware (the second half will make it possible - yeah right ...).
Just wondering - while they say in Software development that "small is beautiful" - does this apply to EBITDA as well?
Last edited by BlackPeter; 30-07-2021 at 10:12 AM.
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"Prediction is very difficult, especially about the future" (Niels Bohr)
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30-07-2021, 10:10 AM
#199
Originally Posted by BlackPeter
Oops - just noticed the analysts expected an EBIDA in the order of $20m for FY2022.
https://www.marketscreener.com/quote...38/financials/
Now the company is forecasting $8m to $10m - and even that is still vapourware (the second half will make it possible - yeah right ...).
Just wondering - why they say in Software development that "small is beautiful" - does this apply to EBITDA as well?
They say the fish are getting fatter --- that's good
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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30-07-2021, 10:11 AM
#200
Originally Posted by winner69
They say the fish are getting fatter --- that's good
But is it healthy? Certainly not for the fish ... and not sure whether for the customer either ...
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"Prediction is very difficult, especially about the future" (Niels Bohr)
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