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21/04/22
11:41
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Originally posted by Wktp:
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I note salmon prices are up 15% last week! 25% in a month. We will have a headwind to exports given stronger AUD BUT it should be very very modest relative to the pricing environment. Kingfish was gaining share / product traction in the new Hosfeth channels having a 30% price premium to Salmon ($16 farm gate prices net to us) - post the move in salmon prices that premium is zippo ie we can put up prices... I model flat prices! Anyways I understand why Norwegian salmon names break out again and now trade 14* Dec 2023 ebit as they are cum upgrades BUT I have no why idea Clean Seas is trading where it is
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Why do u keep quoting salmon prices? Salmon is versatile, king fish is not. Nonetheless king fish prices/costs are improving for CSS. Its getting very close to a reentry for me. The key is bringing down their costs which they are on track to do.