SFG 33.3% 0.4¢ seafarms group limited

You may be stumbling in the dark but some others aren't. The...

  1. 12,161 Posts.
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    You may be stumbling in the dark but some others aren't. The data is all available and has been for some time, it just takes some effort to piece it together to get a deeper understanding and insight and more than just a repeatable understanding from what is released in the media and what is disclosed to market.

    I agree that day to day matters are not material for shareholders, however where negotiations have a bearing on your investment you bet they are of interest to shareholders....try SGH for a classic example, MGC for another, NWT, AHF in the mini-league and so on.

    SFG appears to have bitten off more than it can chew with the Legune Station and that was prevalent from day one when it was announced. It's only means of reducing its risk and cost exposure is to on-sell the Options component of the A&O agreement and try and get some uplift from their own obligation under it as well as try and cut a lock-in lease deal with the new owner, at least for Stage 1. Whether people like it or not $60m is the price (anyone in real estate will understand the 11/10 rangte rule) and that still stands and SFG appear to have struggled to get financial support so this late stage approach with no disclosure to market and this points back to guess who...
 
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