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NZK - New Zealand King Salmon Investments

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New Zealand King Salmon is the world's largest aquaculture producer of the King salmon species, accounting for more than 50% of global aquaculture production. King salmon (Oncorhynchus tshawytscha) is a Pacific salmon species, comprising only 0.7% of total global salmon aquaculture production and wild catch.

The Company owns and operates eight seafarms in the Marlborough Sounds, including three new seafarms consented in 2014 with a 35 year term. Over time the new seafarms will allow New Zealand King Salmon to approximately double existing production.

It is anticipated that NZK will list on the ASX during October 2016.

http://www.kingsalmon.co.nz
 
not much on this over the last 5 years. And probably worth avoiding....

From April presentation
• NZ King Salmon has historically suffered from variable fish production – from a cost, size and volume perspective
• Sustained summer temperatures above 18°C have been the dominant stressor in a multi-factorial event, suppressing fish immunity and resulting in elevated mortality. Approximately half of the mortality biomass from warmer sites occurred between January and March when fish sizes are generally smaller
• The warm water sites over the summer months (January to March) account for $9.6 million of our total $20.8 million mortality value (46%)

In light of recent trading impacts, NZ King Salmon is raising equity to repay all outstanding debt to recapitalise and strengthen its balance sheet...
NZ$60.1 million equity raising (Equity Raising) in the form of a 2.85 for 1 rights offer. Priced at NZ$0.15 per new share representing:
– 55.1% discount to TERP of NZ$0.33
– 82.6% discount to last closing price of NZ$0.86 as at 12 April 2022
• The Australian dollar offer for eligible Australian shareholders will be set using the prevailing AUD/NZD exchange rate on 26 April 2022

Now back to 19c, after having a bit of a dead fish bounce since April
 
Dona Ferentes said:
not much on this over the last 5 years. And probably worth avoiding....

From April presentation
• NZ King Salmon has historically suffered from variable fish production – from a cost, size and volume perspective
• Sustained summer temperatures above 18°C have been the dominant stressor in a multi-factorial event, suppressing fish immunity and resulting in elevated mortality. Approximately half of the mortality biomass from warmer sites occurred between January and March when fish sizes are generally smaller
• The warm water sites over the summer months (January to March) account for $9.6 million of our total $20.8 million mortality value (46%)

In light of recent trading impacts, NZ King Salmon is raising equity to repay all outstanding debt to recapitalise and strengthen its balance sheet...
NZ$60.1 million equity raising (Equity Raising) in the form of a 2.85 for 1 rights offer. Priced at NZ$0.15 per new share representing:
– 55.1% discount to TERP of NZ$0.33
– 82.6% discount to last closing price of NZ$0.86 as at 12 April 2022
• The Australian dollar offer for eligible Australian shareholders will be set using the prevailing AUD/NZD exchange rate on 26 April 2022

Now back to 19c, after having a bit of a dead fish bounce since April
Click to expand...
i try to avoid all aquaculture stocks , because of the same problems this company has endured ( and i believe it has escaped a few to be expected issues to boot

not a big chance i will invest in any aquaculture stock , but i suppose i should check a few of them out for signs of investment potential ( again )
 
Bold endeavours – salmon farming in the open ocean

Nine years ago, we started the resource consent and consultation process for its Blue Endeavour open ocean salmon farm.
Today, we are celebrating achieving final Government approval to proceed with an aquaculture project that will be a New Zealand-first – and a world-first in farming the King Salmon species in the open ocean.
Carl Carrington, NZKS Chief Executive Officer describes the process to gain resource consent, Fisheries New Zealand approval and to find common ground with iwi, eNGOs, and the community as being ‘very robust.’
Carl describes the next steps, having achieved this milestone, as ‘needing to walk before we can run.’
“From here, we will complete our 18-month programme of rigorous benthic (seabed), seabird and marine mammal monitoring.
This will provide a baseline of information, against which we can measure the impacts of a working salmon farm
“The next step will be a ‘proof-of-concept’ phase, putting in the trial pens from June 2025. This is when it starts to get exciting from a farming point of view – building a smaller-scale pilot farm so that we can trial new infrastructure while monitoring the welfare of our salmon, to ensure they can thrive,” Carl says.
“Aquaculture is a business that rewards patience and caution.
“We will dip our toes into the open ocean, to carefully realise Blue Endeavour’s potential, while continuing to talk to local communities, iwi and others who also have key interests, rights and values around the ocean,” Carl says. Blue Endeavour, when fully operational, could generate NZD $300million in new revenue per annum.
Regional economies will benefit from growth in supporting infrastructure and services required, such as boat servicing, and skilled jobs in farming, engineering, processing and more.
Carl describes New Zealanders’ support for this kind of aquaculture as being ‘incredibly important’ to NZKS. “New Zealanders love their kaimoana, but not everyone is able to catch it for themselves and for their families.
Salmon is a highly nutritious source of healthy protein and consumers are also starting to appreciate that farmed salmon has a low carbon footprint compared to many other animal protein sources.
“We have never taken the support we have for our products and what we are doing for New Zealand aquaculture for granted.
This drives us to continuously improve our environmental footprint across the company, and was a motivator during the past nine years of dialogue and consultation to get the green light for Blue Endeavour.
“While we have some way to go until Blue Endeavour is fully operational, today is a day for our company to celebrate the successful completion of this chapter,” Carl says. Grant Lovell, NZKS General Manager of Aquaculture, describes the open ocean as ‘an exciting opportunity and the next logical step for New Zealand’s aquaculture industry.’
“When we look to the open ocean we are looking at the future for salmon farming in New Zealand – in cooler, deeper waters.
It is a bit of a new frontier for our aquaculture industry – but one that we are entering one step at a time, backed by science and evidence-based decision making,” Grant says. During an extensive planning phase, NZKS undertook comprehensive assessments of the environmental effects and applied independent science from the Cawthron Institute, SLR Consulting and Robertson Environmental. “Putting fish pens out in the open ocean is not for the faint hearted.
We will be working in a dynamic environment, with waves up to 10 metres high – anyone that has caught the Cook Strait ferry knows what we are talking about.
“We will be trialling technologies and investing in mooring grid infrastructure to ensure we are able to adapt to the Cook Strait conditions” Grant says. About Blue Endeavour Blue Endeavour will be New Zealand’s first open ocean aquaculture farm.
It will also be the world’s first farm of its type for the valuable King Salmon (Chinook) fish species.
The farm will be located 7km off Cape Lambert in the Cook strait.
It will comprise two blocks of ten circular pens; the total farm will be less than 12 surface hectares in size.
When fully operational, Blue Endeavour will have the capacity to produce 10,000 metric tonnes of chinook salmon. Images, maps, key metrics, a timeline of the resource consent process and research reports are available online: https://www.kingsalmon.co.nz/open-ocean-blue-endeavour/


i do not hold this share

nine years to get approvals ?

not for me

BTW $300 mill. by the time this is making a profit will be chicken-feed at the current rate of inflation
 
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