I meant to be working today Bug1! Alright, so I went back to trade data too
I have not looked at the air freight / subsidy, and I have assumed that December 2021 will match November (should be higher) because the data is yet to be released:Tassal exported 8,889t or 38% of all salmon in FY21 by volume, and $88m or 48% by value.
Netweight (kg) Trade Value (US$) 1 CY20 22,693,123 $168,994,508 2 2H20 7,230,450 $58,109,737 3 1H21 15,462,673 $110,884,771 4 CY21 26,273,559 $267,024,957 58% $s vs 2020 5 2H21 8,205,519 $71,240,762 23% $s vs 1H20 6 1H22 18,068,040 $195,784,195 77% $s vs 1H20
Huon at 30 June 2021 had only $20m of finished goods / inventory after selling into the bad market;
Tassal at 30 June 2021 had $115m of finished goods and had increased to ~7,000t their freezers.
No less than 9000t (50%) of 2H21 will be Tassal, but this could be as high as 12,000t (66%) of the total exports.
In FY20 Tassal exported AUD$105m, and in FY21 AUD$95m excluding freight. Expecting 1H22 to be AUD$139-$167m including freight.
Export prices are expected to hold up at ~68-70NOK (current levels) through to June 2022.
Anyway, it should be a fun report. I think domestic will be holding up too, but I am a bit concerned with all the supply chain issues coming from the likes of Inghams that may also impact Tassal. Let's see.
- Forums
- ASX - By Stock
- Tassal Group Strategic Thoughts
I meant to be working today Bug1! Alright, so I went back to...
-
- There are more pages in this discussion • 513 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add TGR (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
CCO
THE CALMER CO INTERNATIONAL LIMITED
Anthony Noble, CEO
Anthony Noble
CEO
SPONSORED BY The Market Online