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BAKKAo - P/F Bakkafrost News Story

NOK731.2 0.0  0.0%

Last Trade - 07/05/21

Sector
Consumer Defensives
Size
Large Cap
Market Cap £3.53bn
Enterprise Value £3.80bn
Revenue £529.9m
Position in Universe 163rd / 1832

BUZZ-Some Norwegian salmon shares still attractive, others expensive -Spb 1 Markets

Tue 13th March, 2018 9:34am
** Broker Sparebank 1 Markets says shares of many salmon
producers have gained too much recently, although some stocks
(Leroey Seafood  LSG.OL , Norway Royal Salmon  NRSM.OL  and
Grieg Seafood  GSFO.OL ) still seem attractive with 2018 salmon
prices from NOK 55/kg and above
    ** Salmar  SALM.OL  and Bakkafrost  BAKKA.OL  shares look
very expensive even at prices in the high NOK 50s, Sparebank 1
Markets says
    ** Pricing of Marine Harvest  MHG.OL  is "not unfair".
Somewhat expensive in NOK 55 salmon price scenario
    ** Sparebank 1 Markets: "In this morning update we have
looked at three scenarios for 2018. The first scenario was our
expectations going into 2018 - NOK 51/kg (Nasdaq), the second
scenario is current prices at Fish Pool - NOK 57/kg (Nasdaq),
and third is maybe the most realistic scenario with limited
supply in 1H and stronger growth in 2H, where we end up with
around NOK 55/kg for the full year
    ** In the current week, spot prices are at around NOK 70
crowns per kilo, up from around NOK 50 at the start of February,
fish market sources told Reuters on March 9
    ** Salmon shares are mixed on Tuesday while year-to-date the
industry is up between 5 pct (Bakkafrost) and 25 percent
(Salmar)
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