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AAQ - AAQ Holdings

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Re: AAQ - Australis Aquaculture

Hate to reply to myself!! :rolleyes:
but... new highs today for AAQ - just hit on 60c.
They've recently been granted an export license for Europe (from US) -
And also - have raised over 2M$ from a share placement which is to be pumped into the expansion plans.... So maybe these developments have kicked the sp along a little. Wish I'd got in at 35c :eek:
 
Re: AAQ - Australis Aquaculture

Looks like I'm talking to myself here, but my fiance says I do that alot. I say she just doesn't listen...:p:.
Anyway , a very nice Ann report released by AAQ back in Sept.

Total revenue up 238% !! to 5.6 M$.
net loss down 82% to $323000 and get this!!....
Third party sales up 672 % to 3.186 $M.

cant complain about that now.
With plant expansions and US hatchery on the go, economies of scale should start reducing costs and I'm gonna be in...maybe early 08. Or as soon as I release some cash from somewhere else!!
 
Re: AAQ - Australis Aquaculture

Australian Aquaculture Co Pty Ltd and director Peter Marchesin were convicted and fined in the Cairns Magistrates Court for failing to prevent erosion and sediment runoff at the company's facility in Speewah, near Cairns.

Source is SMH
 
Re: AAQ - Australis Aquaculture

ekman said:
Australian Aquaculture Co Pty Ltd and director Peter Marchesin were convicted and fined in the Cairns Magistrates Court for failing to prevent erosion and sediment runoff at the company's facility in Speewah, near Cairns.

Source is SMH
Click to expand...

Nothing to do with AAQ - my apolgies for the earlier post
 
Re: AAQ - Australis Aquaculture

3rd Quarter Report today announcing "Continued Sales and Inventory Growth"

Revenue has been growing steadily over the past 3 quarters to be almost breakeven. Market demand and fish production has been increasing giving AAQ solid fundamentals IMHO. Spiked to 59c @ 10:51am... virtually no sellers atm
 
Re: AAQ - Australis Aquaculture

Looking better all the time I think - trouble is resources and energy are so hot here... I keep putting off my future AAQ investment.

They look good for maiden profit next at QTRly release.

Also - announcement today - AAQ has arranged a kind of US capital market 'pseudo?-listing' using ADR's - I've never heard of these before - but it seems US investors can buy these AUQCY 'American Depository Receipts' - each one = 10 Aussie AAQ shares.
My guess is its a quick/easy way to access US investors - without the expense or maybe time frame, of a regular market listing. Apparently US investors can buy them 'over the counter' from their broker.
Bodes well I think given that their profile seems to be growing nicely.
....
One day I'll buy some AAQ !!!!!!!!!!!!! :):)
 
AAQ - The Speculator's buy of the week

David Haselhurst (The Speculator) in today's Bulletin magazine buys into Australis Aquaculture (AAQ).

Reasons:

UN stats showing that world natural habitat fish stocks are plummeting terminally, that aquaculture now makes up 40% of world fish consumption (and rising fast), & that 2 in 5 people on the planet eat fish as their primary protein source.

AAQ is establishing a strong & growing position in the US market (1000 tonnes p.a. by October).

AAQ is about to release its first quarterly profit, on the back of strong sales growth.

AAQ has drifted down into the .50s in recent times and represents good buying.

An imminent capital-raising will fund a huge new project in Vietnam, intended to supply 8000 tonnes a year for Europe & US markets.
 
Re: AAQ - Australis Aquaculture

Substantial shareholders

Acorn Capital Limited 8,140,000 14.02
Drumfrochar Pty Ltd 3,160,000 5.17
Bulleen Pty Ltd <G S Graham Family A/C> 7,900,000 13.10

Recent press article WA Business News

Perth-based seafood company Australis Aquaculture Ltd aims to raise $10 million through a placement and share issue to fund the acquisition of Vietnamese farming production assets and an upgrade of its US supply and distribution infrastructure.



The company has issued 16 million ordinary shares at 50 cents each in a placement to raise $8 million, with $3.3 million worth to be placed immediately. The remaining shares will be placed subject to shareholder approval.



Australis will also raise up to $2 million through a share purchase plan, offering its shareholders the right to purchase up to $5000 of ordinary shares at 50 cents each.

Ann

Australis Aquaculture Ltd is pleased to announce that it has received commitments from institutional, sophisticated and professional investors for a placement of $8,000,000, comprising 16,000,000 ordinary shares at an issue price of $0.50 per share. Placement of $3,280,293.50 (6,560,585 shares) will be completed immediately under the company's 15 per cent capacity, pursuant to ASX Listing Rule 7.1. Placement of the remaining 9,439, 415 shares is subject to shareholder approval at the forthcoming General Meeting scheduled for late July 2007. State One Stockbroking Ltd acted as Lead Manager for the issue.

In commenting on the capital raising, Australis Aquaculture Managing Director Josh Goldman said "We are encouraged by the strength of institutional support for our recently announced strategy to create up to 10,000 TPA of production capacity for barramundi in Vietnam and to further expand our capacity in the United States."

Mr Goldman added "The Company believes that its two-pronged expansion strategy represents the most rapid and cost-effective means of meeting the rapidly rising demand for high quality sustainably-produced seafood in the North American, European and Australian markets. The strategy is designed to satisfy demand from particular sectors which have expressed strong interest in dealing with Australis."

The expansion strategy is summarised in an Investor Presentation lodged with the ASX on May 29, 2007.

Share Purchase Plan ("SPP")

Australis further announces that a Shareholder Purchase Plan ("SPP") will be offered to all shareholders with the record date for participation being June 21, 2007. The SPP offers Australis shareholders the right to purchase up to $5000 of ordinary shares at a price of $0.50 per share. The $0.50 price is identical to the placement price to institutional investors and represents a 12 per cent discount to the closing price on the ASX on June 6, 2007, the date of the board's decision and 9% below the average market price of Australis shares sold on the ASX in the five trading days prior to the date of this announcement. Shares will be offered in increments of $1000, with a minimum purchase of $2000.

The funds raised from the SPP will be used to develop the Company's operations in Vietnam, accelerate US sales activities and further develop US expansion opportunities.

The shares issued under the SPP will be fully paid ordinary shares which rank equally with the other ordinary Australis shares currently on issue. Ordinary shareholders with a registered address in Australia will be invited to subscribe for ordinary shares under the terms and conditions of the SPP. The offer to participate in the SPP will be mailed to eligible shareholders shortly.
 
Re: AAQ - Australis Aquaculture

hi - to participate in the SPP what is the minimum holding required?

Will the minimum parcel i.e. $500 do it???
 
Re: AAQ - Australis Aquaculture

Not very knowledgeable on fish but this does sound attractive.

Plan to ramp up production within 5 years from 1,000 tons to 50,000 tons. Immediate short term growth to 3000 tons pa.

Fresh fish farmed close to New York with an estimated population of 100,000 milion people close by. Lower cost frozen barramundi to be farmed in Vietnam.

Not sure how many they can fit in their facility in the US though.

Caliente, I am guessing you must own prior to record date 21st June. Never sure about these things.

Love their logo, is this good reason to buy fish stocks lol

But I do love Barramundi, will the US like as much as we do?

I also love the fact that it comes at a time when sustainable farming is becoming very fashionable.
 
Re: AAQ - Australis Aquaculture

my AAQ story is a bit odd really. It was the very first stock I ever researched, but missed the IPO. I remember it jumped massive, and I'm like forget this and moved on.

I'm looking to diversify at the moment however, and fish is a good story =)
 
Re: AAQ - Australis Aquaculture

Price has gone up on little volume. Very low volume so far. Sell side seems to be building quicker than the buy side. Most buys seem to be at market, sellers did not meet at limit orders at under .59 but seem willing to accommodate @.59 and .60.

It may depend on how much interest the article posted by speculator generates. I have not read that report before so not sure if it is well regarded or not.
 
Re: AAQ - Australis Aquaculture

Spaghetti said:
Not very knowledgeable on fish but this does sound attractive.

Plan to ramp up production within 5 years from 1,000 tons to 50,000 tons. Immediate short term growth to 3000 tons pa.

Fresh fish farmed close to New York with an estimated population of 100,000 milion people close by. Lower cost frozen barramundi to be farmed in Vietnam.

Not sure how many they can fit in their facility in the US though.

Caliente, I am guessing you must own prior to record date 21st June. Never sure about these things.

Love their logo, is this good reason to buy fish stocks lol

But I do love Barramundi, will the US like as much as we do?

I also love the fact that it comes at a time when sustainable farming is becoming very fashionable.
Click to expand...

I like the sound of these guys too. good business plan in an industry of the furture I think. I`m still not holding as I`m up to the hilt in Gas stocks ATM - so havn't digested the expansion proposals yet - sounds good on the surface though.

As for 'will the US like Barra ?' According to their various media releases - Australis have had a pretty successful marketing campaign it seems - and Barra is placed as a high-end top quality, healthy product and therefor attracts good prices. Demand seems to be quite healthy and increasing.
http://www.australis.us/news.htm
 
Re: AAQ - Australis Aquaculture

Well took a small possie, sink or swim :D

The price may fall after the offer but if it stays above 50c then possibly a good way to average out purchase price. With the 8mil in professional investors then there should be good support.
 
Re: AAQ - Australis Aquaculture

I wouldn't trust fish 'farmed' in Vietnam.

Consumer Protection (part of DOCEP here in WA) did a study into fish sales, and found some pretty ordinary heavy metal levels in imported frozen fish. Some samples couldn't even be identified as fish!!!
 
Re: AAQ - Australis Aquaculture

Sprinter79 said:
I wouldn't trust fish 'farmed' in Vietnam.

Consumer Protection (part of DOCEP here in WA) did a study into fish sales, and found some pretty ordinary heavy metal levels in imported frozen fish. Some samples couldn't even be identified as fish!!!
Click to expand...


I do not like fish from Vietnam either but but why wouldn't you trust farmed fish from an Australian company with American management, wherever it may be farmed?


Were the samples you tested from similiar companies?
 
Re: AAQ - Australis Aquaculture

Spaghetti said:
I do not like fish from Vietnam either but but why wouldn't you trust farmed fish from an Australian company with American management, wherever it may be farmed?


Were the samples you tested from similiar companies?
Click to expand...

Its more about the environment in which they are farmed.... Pollution in the water ends up finding its way into the flesh.

I didn't do the testing, so I don't know which company's fish was tested.
 
Re: AAQ - Australis Aquaculture

Sprinter79 said:
Its more about the environment in which they are farmed.... Pollution in the water ends up finding its way into the flesh.

I didn't do the testing, so I don't know which company's fish was tested.
Click to expand...

I cannot imagine they would allow farming in polluted waters and still try to list on ASX. However, even so most of the population of the world cannot afford fish farmed in the shadows of the Daintree rainforest. So demand is more important issue when considering purchase of stocks.

We can afford it only sometimes, but so so worth it. Best fish on the planet!
 
Re: AAQ - Australis Aquaculture

Ok - i got my minimum parcel and sent an email to AAQ Investor Relations. Hopefully he'll get back to me by tonight. Because I'm bought in prior to record date I should qualify I imagine.

If I do its a straight 5K into the SPP for me.

Cheers
-Cali
 
Re: AAQ - Australis Aquaculture

Spaghetti said:
I cannot imagine they would allow farming in polluted waters and still try to list on ASX.
Click to expand...

You'd be hard pressed to find an unpolluted waterway in Asia. There's plenty of reasons why fish are farmed in Vietnam, and its not because of the fish.
 
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