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AAQ - AAQ Holdings

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Afterglow

Want to retire june 2013
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Australis Aquaculture Limited (AAQ) is involved in the production and marketing of barramundi. Fingerlings are sourced from Australia and transported to a US production facility for sale in the US market.

This is our first posting, we have small holdings in the following.
BLT
CMP
ERG
MUL
SNN

We are looking at AAQ and NXS as possibilities to add to the port.

Any contributions either about the stocks we hold or the ones we are thinking about would be greatly appreciated
 
Re: AAQ Does anyone have an opinion

Afterglow,

I don't know anything about any of them, but there's a large thread here on MUL at least.

As a matter of interest, why did you choose those particular stocks to hold? Is this a long term portfolio or are you planning on trading them shorter term?

Cheers,
GP
 
Re: AAQ Does anyone have an opinion

Regarding AAQ I had never heard of them till I read your post. I just cant resist this though.
"They could be a bit fishy" LOL sorry about that.
 
Re: AAQ Does anyone have an opinion

AAQ have been on my watch list since they floated in early August. They had an initial burst in price and have now settled.

I decided not to invest as I have memories of Tassal. I worry about natural risks such as disease and the business risk of competition from Asia. While I will stay away from investing in them it did seem that they had a good business model.

Bingo
 
Re: AAQ Does anyone have an opinion

Hi there,

BTW, what was Tassal and what was the problem with them?

AAQ seems interesting but I don't know much about the business and haven't seen any analysis of it either so I'm staying away. Maybe once I see some price trends I'll buy in but it's not a priority (it seems to have stabilised around the current price). Sounds like a good business model though but I don't know enough about growth/earnings to comment.
RichKid
 
Re: AAQ Does anyone have an opinion

RichKid said:
Hi there,

BTW, what was Tassal and what was the problem with them?

RichKid
Click to expand...

Tassal was a tasmanian atlantic salmon farmer. It did well for a number of years and then went into receivership. The receiver was managed by those same two Mark's who did the Ansett receivership. The receivers sold the business to a private group who subsequently refloated it around a year ago making a lot of money. Shareholders of the original Tassal got nothing.

You will find the new business listed as Tassal Group (TGR).

Bingo
 
Re: AAQ Does anyone have an opinion

Bingo said:
Tassal was a tasmanian atlantic salmon farmer. went into receivership. ... a private group who subsequently refloated it around a year ago making a lot of money. Shareholders of the original Tassal got nothing.

You will find the new business listed as Tassal Group (TGR).

Bingo
Click to expand...


Thanks very much Bingo for the info.

Interesting how these things can go belly up. I like the fact that they don't waste money feeding the fish till they're huge (must cost a bit?) but instead get rid of them when they're little for good money. Also, they seem to be a competent, established business.

One risk I suppose is disease but Barra is certainly a great eating fish and it has that great Aussie image (for all those execs and businessmen who come from the US and Europe to fish here). Barramundi is also big dollars in terms of attracting tourists to Qld and the top end. I'll be keeping an eye on the stock for now as I may have missed most of the upside for the short term.

RichKid
 
Re: AAQ Does anyone have an opinion

Afterglow said:
Australis Aquaculture Limited (AAQ) is involved in the production and marketing of barramundi. Fingerlings are sourced from Australia and transported to a US production facility for sale in the US market.

This is our first posting, we have small holdings in the following.
BLT
CMP
ERG
MUL
SNN

We are looking at AAQ and NXS as possibilities to add to the port.

Any contributions either about the stocks we hold or the ones we are thinking about would be greatly appreciated
Click to expand...

Hi there!
There's a thread on Sonnett (SNN?) in this forum, I don't want to give investment advise so I can't comment on it in that vein.
CMP is Compumedics if I recall correctly- there was an article on it in Shares mag a few months back, I think it rose straight after that!!
Hope this helps.

RichKid
 
Re: AAQ Does anyone have an opinion

AAQ - I've been watching this one since the float also.

Read some interesting comments on another board about the director and stock broking group handling the float.

I think AAQ was a StateOne Stockbroking offering. If this is the case, then my suggestion is to everyone is to be very careful. They have a reputation in the wider investment community of pumping stocks and then dumping them.

They are very active daytraders and will pump stocks to entice other traders. It will be interesting which firm has done the buying and selling today.
Click to expand...

I never checked if state one was the actual group but its seemed to hold its price at any rate. I was more interested in other comments by people like

AAQ Chairman dont have a great track record...

Dr Alistair Cowden Chairman

Have a look as the mess he left behind at DYL and then ask yourself is AAQ a great investment ??
Click to expand...

And


You're jokin me......

Alistair Cowden eh....this guy has a very bad track record. You are right with your concerns regarding this character. Lets have a look into his present and past performances as a Company Director of listed entities.

Deep Yellow ("DYL") - went into Administration under controversial circumstances. DOCA has been presented to creditors and accepted, however assets being offered for sale and listed shell being purchased by a vulture Firm. Existing shareholders will be caned as a result - obviously company will be restructed and more shares issued. Dilution will mean existing shareholders will be left with worthless shares.

Rox Resources ("RXL") - a company in which Cowden is MD. Asset ("Menzies" project) backdoor listed from DYL to RXL. The stock has not traded ever over issue price (20c IPO listed in April 2004). Market is concerned about the quality of management and assets. Trading at a heavy discount to IPO, currently at 12.5cents. Traded as low as 11cents.

Vulcan Resources ("VCN") - a blotched attempt to acquire an overseas asset. Company share price has been smashed. Company reputation has also suffered the same fate. Share price trading at 10cents from a 52 week high of 55cents. Price got belted to 7.5cents.

This is just some examples that I know about concerning this guy. To forum members out there, having a look at the past performance of this Director you should run a mile. It definitely does not provide any confidence for his management capabilities or his ability to deliver to add value through shareholder wealth. He just cannot adequalely run companies under his control, it is as simple as that!!

Other people thoughts appreciated.

Cheers Freakme
Click to expand...

Best never to trust anyone but was a different angle then the aggressive optimism everyone elses seems to hold. I don't hold atm but am still curious
 
Re: AAQ Does anyone have an opinion

Thanks for that Tarnor, much appreciated!

It's always good to have balance in these discussions. Obviously we'd have to check up on all the info before investing to see if it's accurate but since AAQ is not even near the top of my list for attractive trades I can't be bothered, but anyone who intends to buy AAQ would clearly want to do more homework on the comments mentioned earlier.
BTW, not sure if it's appropriate to ask, but what's the other board that freakme posted on? Thought it'll be good to have a browse through.

RichKid
 
Re: AAQ Does anyone have an opinion

Thanks for all the info and comments so far , I will continue to watch and investigate AAQ a little more before investing
 
Re: AAQ Does anyone have an opinion

I hope its okay to answer that but it was on hotcopper.com.au - lots of action on that board but be warned lots of one line ramping spam and manipulation, some occasional good posts tho. I only post here atm because the posters seem genuine and more civilised but I often dredge other boards for different opinions. Cheers
 
Re: AAQ Does anyone have an opinion

Thanks Tarnor!
Much appreciated. I'd probably rely less on 'recommendation' type comments on those sites but would have to have a look just for the sake of it. That site sounds like it's big, a few people have remarked about it (similar to your comments).

I find AussieStockForum to be very relaxed and informative and as long as there's disclosure of holdings and balanced views (without any abusive or personal remarks) I'll keep this as my main one. (Thanks also to Joe for allowing us to discuss other forums and for being a great 'Boss'!). I rely on TA more than fundamentals so the chart is my main source of info. I also keep an eye on tipsheets (see the issues we've discussed in the tipsheets thread). But as I'm a newbie I still look for useful news & views. Your comments on AAQ was an eye opener!

RichKid
 
Re: AAQ - Australis Aquaculture

I used to work at Australis's plant in the United States. It's a great company and they seem to be growing very quickly. Check out there website: www.australis.us. They have some nice news reports about what they have been doing lately.
 
Re: AAQ - Australis Aquaculture

Hiya
have been following AAQ (and Cell Aqua CAQ?) for a while now - but not invested. Mainly interested bec. i think aquaculture (and barra) has a big future with natural fish stocks for some important species dwindling.

I realise this thread is close to dead - but maybe we can reveive it. :D

Nothingcreed - what do you think about the expansion plans of Australis. Are they realistic? They seem to have developed a healthy demand for Barra.
AND, it seems that MD mentioned in previous posts, is no longer associated - or at least no longer a director. Maybe thats a good thing!! ;)

Does anyone have any thoughts on AAQ (or CAQ) at this stage?? - The Price is up to around 45c with recent expansion plans etc.
 
Re: AAQ - Australis Aquaculture

AAQ is featured in October's Money Magazine as a 'penny hopeful'.

"Why Buy - Clever marketing to US restaurants, a patented water filtration process, and a staged expansion process should support strong success for this monopoly."

Basically the article suggests that there is room for 'strong growth'.
After just 2 years - sales up 672%, net loss down about 1.4million, production capacities about to be expanded.

It does look to have potential! Any thoughts?
 
Re: AAQ - Australis Aquaculture

i was in it for a while,, then got out,, think of it this way,, when you have all of your fish in one basket... literally,, then what if a disease gets in to the stock?? then the whole basket aint worth a cracker.. that concerned me..

they have potential,, the only conern i had was that they could only get so big on the size of their tanks,, then to suddenly grow larger and expand if baramundi becomes the next fish that everyone wants.. then they have a big job to expand quickly to meet demand.. so growth potential is limited in my viwe... but since i left i never have looked back,, even though i know the stock did go up a little..
 
Re: AAQ - Australis Aquaculture

From the website:

"Australis imports, grows and sells Australian barramund" but the latest AR says they will be operating from a US-based hatchery in the future - goodbye marketing advantage.

"The company completed a highly successful IPO in August 2004, and its stock has been one of the 50 best performing new issues in Australia."

BS warning!! Clearly they think Americans don't know how small Australia's IPO market is.

And what is it with that ".us" domain? Typing in ".com" - which is what most people would do - takes you to a totally differant company. Clearly they didn't think that part of the branding strategy too far? http://www.australis.com/

And Australis is also the name of a perfume company.

I'm not saying the company won't be successful but why would they handicap themselves?
 
Re: AAQ - Australis Aquaculture

Interesting about the web address and the perfume co. vaing. - Who knows why... maybe the .com site owners got there first and wanted squillions for the site name.

Agentm - (we meet again my friend :cool: - from the adi thread!!) - as far as disease goes - i think (thats 'think' - not know) that each tank is basically independent of the others - so that any disease should be able to be isolated quite well. And if they can ensure that the fingerlings are healthy - then they should be fine right through the grow-out phases - BUT - its worth researching their methods to verify.

If/when i get into AAQ it'll be more of a long term - feel-good/environmental thing. Cause fish stocks are declining everywhere and places like Japan - (where i am) and US & Europe are gonna need huge amounts of farmed fish to meet demand in coming years.

-Dukey (not holding yet - too busy with ADI & QGC)
 
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