SFG 0.00% 0.2¢ seafarms group limited

September 2018 - State of PSD, page-12

  1. 4 Posts.
    Cheers champ.

    Yeah a friend of a friend told me about SFG over drinks the other night and how much he'd made...it's always the way right.
    And I thought I'd start looking into why this company was doing so well, considering the P/E was pretty woeful.

    Reading about NAIF and in combination with the Annual Report and issue with the "Prawn Flu" it all seemed like such terrible news; yet the share price is kicking along nicely?
    Not to mention trying to find anything about the progress of the NAIF seems pretty tough...and there are no Prawn Farmers on the board (but that didn't stop them helping out the Humpty Barramundi farm).

    Which is when my other mate suggested it might be because of an impending takeover bid.
    SFG doesn't seem to be struggling for funding, but it seems like they've got a fair way to go, to get into the clear. And all the challenges seem to have little to no impact on a rising share price, which has just broken through the ATH....just seems a little odd.
 
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