AQUACULTURE – AUSTRALIA

Sector booms as Asians happy to shell out for abalone

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Original article by Sue Neales
The Australian – Page: 17 : 21-Jan-19

Australian seafood exports are valued at $1.5 billion, with abalone now its second biggest seafood export. Around 4,000 tonnes of Australian abalone is exported each year, with around a quarter of abalone exports coming from abalone farms in Victoria, South Australia and Tasmania. Yumbah Aquaculture, Australia’s biggest producer of farmed abalone, is planning to construct a new $60 million farm near the Victorian town of Portland. However, the Glenelg Shire Council has received over 300 objections to the proposal.

CORPORATES
GLENELG SHIRE COUNCIL, YUMBAH AQUACULTURE

Scales tipped in favour of $400m Huon IPO

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Original article by Bridget Carter
The Australian – Page: 18 : 29-Sep-14

Huon Aquaculture, which has a share of 40% of the salmon market in Australia, is staging an IPO worth more than $A400m. Simon Marais, MD of fund management firm Allan Gray Australia, notes that with Tassal commanding 50% the industry is a virtual duopoly, and this will underpin good earnings prospects for Huon. However there are some doubts by others, based on the long maturation period of three years for salmon stocks. Also planning a float is jewellery company Lovisa

CORPORATES
TASSAL GROUP LIMITED – ASX TGR, HUON AQUACULTURE COMPANY PTY LTD, LOVISA PTY LTD, ALLAN GRAY AUSTRALIA PTY LTD, PETUNA AQUACULTURE PTY LTD, CREDIT SUISSE (AUSTRALIA) LIMITED, CIMB SECURITIES INTERNATIONAL (AUSTRALIA) PTY LTD, MORGANS FINANCIAL LIMITED