this is now so far from its initial price on listing its crazy. HUO have had some serious headwinds since listing and it seems it might be some time before market conditions turn in their favour. Increased export sales have led to diminished margins, but IMO it also looks like Tassal may have a lot of the domestic market tied up with their supermarket agreements, and the purchase of De Costis only strengthens their position.
HUO should be one for the long term if market conditions turn in their favour, but they seem to be struggling for support right now, despite good cashflows. Complex business this salmon farming!
HUO Price at posting:
$3.03 Sentiment: Hold Disclosure: Not Held