NZK - NZ King Salmon

**ratkin** · 01-05-2019, 05:04 PM

Originally Posted by percy

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.

**BlackPeter** · 01-05-2019, 05:38 PM

Originally Posted by ratkin

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?

**Timesurfer** · 01-05-2019, 06:17 PM

Originally Posted by BlackPeter

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.

**Patient Panda** · 01-05-2019, 06:30 PM

Originally Posted by percy

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.

**winner69** · 02-05-2019, 04:41 AM

What do they do with all the dead fish?

If they ‘harvest’ 8000MT of fish and mortality rate is 33% does that mean 4000MT of fish died this year ...or is the actual figure higher

Poor fish ...hope they didn’t suffer too much ...put me off eating salmon raised in cages

**Patient Panda** · 02-05-2019, 08:30 AM

From what I remember the dead fish is turned into their fertiliser product.

**IAK** · 04-05-2019, 09:08 PM

Few environmental issues with salmon (and trout) farming. Green lipped mussels are the way to go, good for arthritis too they reckon 😀

https://www.huffingtonpost.com.au/20...gn=share_email

**iceman** · 05-05-2019, 07:39 AM

Originally Posted by IAK

Few environmental issues with salmon (and trout) farming. Green lipped mussels are the way to go, good for arthritis too they reckon ��

https://www.huffingtonpost.com.au/20...gn=share_email

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.