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AS1 - Angel Seafood Holdings

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Angel Seafood Holdings Ltd is a South Australian based aquaculture company currently operating out of Coffin Bay, Haslam, Smoky Bay and Cowell.

Angel farms clean, green, organic and sustainable oysters which it sells domestically and internationally. The Company currently owns or leases 41.08 hectares of oyster production licenses and leases in South Australia and has agreed to acquire a further 10.00 hectares of oyster production licenses and leases.

Through the aggregation of a number of smaller oyster farms into one entity, Angel plans to become the largest producer of organic and sustainable Pacific oysters in Australia.

It is anticipated that AS1 will list on the ASX during February 2018.

https://angelseafood.com.au
 
After listing in late February 2018 at 20c a share, Angel Seafood Holdings has struggled with the share price only rising above the issue price for a very brief period after listing. It quickly fell to 13c where it has found solid support.

In the last few days AS1 has shown signs of recovery and is currently trading at 17c. Volume is good and it appears to be building up some momentum. It will be interesting to see if it carries on heading north or stalls again as it has previously.

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On July 5th, 2022, Angel Seafood Holdings Ltd (AS1) was removed from the ASX's Official List in accordance with Listing Rule 17.11, following implementation of the scheme of arrangement between AS1 and its shareholders in connection with the acquisition of all the issued capital in AS1 by Valley Seas BidCo Pty Ltd, a subsidiary of Laguna Bay Agricultural No 1 Pty Ltd.
 
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