So looks like NZK might be able to self fund endeavor if it is rolled out gradually. They have about 25m net cash, and should qualify for borrowings of at least $75m if they can maintain the current earnings run rate. Then there is project finance or leasing of capital equipment required.
Hope we don't get any La Nina years for a while - the extra cloud cover makes the average water temp higher, as the water doesn't cool as much overnight. El Nino is cooler.
The sales are looking great - and higher feed justifies higher pricing, along with the higher quality of Chinook.
See if the stock breaks away a bit with a PE of about 5x based on this half year.
NZK Price at posting:
20.5¢ Sentiment: Buy Disclosure: Held
