Norwegian Valuations / Pricing, page-22

salmon names rerate as salmon prices are roofing it given Ukraine crisis - less wheat / grain. expensive fertiliser product so salmon stocks rerate to 14* ebit. kingfish was priced at a 30% premium to salmon to reflect more niche product and higher priced point product but now we are priced at small discount so we have scope to put prices up to recreate that price premium. secondly salmon fish farms are relevant as they are fish farms - we are a fish farm so if market in Norwegian names trade 14* is that not relevant. also worth looking at how the product is priced and sold in Aussie supermarkets? and what happens in Japan (less supply same demand) etc etc