Good morning,
It seems that the Christmas fuelled rally for Tassal (TGR.AX) has just started.
Australian salmon farmers are well placed for further gains following the footsteps of Marine Harvest in Norway who is the biggest salmon farmer in the world. This is due to ever increasing demand for quality protein from a growing world population. See AFR link to yesterday's article: http://www.copyright link/markets/s...rs-as-worlds-population-grows-20161004-grv1bk
Furthermore, recent falls in salmon prices due to early harvest of Norwegian salmon as a result of sea lice has began to reverse to the upside with sharp gains in salmon 6+kg Head-on-gutted. Supply is constricted and Tassal is well placed to leverage higher salmon prices domestically.
With more farms coming on line together with diversification to off-shore fortress style pens where even warmer waters will not affect salmon growth, Tassal is capable of meeting this growing demand for salmon and seafood from a health conscious population.
Enjoy!
Ninja Tuna of the Bering Sea
TGR Price at posting:
$4.07 Sentiment: Buy Disclosure: Held
