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TGR, TASSAL GROUP LIMITED
nipper
post Posted: Aug 29 2019, 10:45 AM
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Probably a risk for Tassal as well
QUOTE
Huon Aquaculture’s full-year profit has fallen 64 per cent after the Tasmanian fish farmer’s previously announced poor harvest was affected by contact with jellyfish.

The jellyfish event exacerbated the fall in harvest volumes and higher operating costs carried over from the previous year, resulting in a net profit of $9.45 million, down from $26.4 million in the previous year.

An 18 per cent reduction in fish harvests drove a revenue decline of 11.31 per cent to $281.95 million for the 12 months toJune 30.

Huon said a fall in harvest volumes was exacerbated by a jellyfish bloom, which increased production costs and caused poor salmon growth rates




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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
blacksheep
post Posted: Aug 24 2019, 11:42 AM
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Tasmanian seafood giant Tassal expands into tropical north Queensland
Key points:
QUOTE
Tassal says up to 1,000 jobs will be created as part of its expansion plan
Queensland's agriculture and fisheries minister Mark Furner says the investment represents confidence in the domestic seafood market
Commercial fishing businesses are concerned over plans to establish quotas

https://www.abc.net.au/news/rural/2019-08-2...ansion/11443060
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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Jul 31 2019, 09:03 PM
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Posts: 6,791
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JULY 25 2019 - 12:01AM
Potential revenue lost in fish farm industry expansion: report
QUOTE
A new report by the Australia Institute has revealed the Tasmanian government may have missed out on millions of dollars in potential revenue from the rapid growth of the fish farm industry.

The report found annual license fees paid by the salmon industry represented 0.1 per cent of the total-farm gate production of the industry in Tasmania, and 0.02 per cent of state revenue.

In comparison, Norway, the world's largest salmon producer, raised $468 million through auctioning licenses in perpetuity last year.

read more - https://www.theadvocate.com.au/story/629148...millions/?cs=12



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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Jul 25 2019, 10:35 PM
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Posts: 6,791
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Two listeria deaths linked to Tasmanian smoked salmon

All 3 salmon farmers claim their salmon is regularly/recently tested by authorities - no positive listeria results and no food safety breaches found

https://www.theadvocate.com.au/story/629209...smanian-salmon/
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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Feb 22 2019, 06:25 PM
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Posts: 6,791
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In Reply To: blacksheep's post @ Feb 14 2019, 02:19 PM

Tassal Group Limited (Tassal) –Executive Director share trading update
QUOTE
Today, Tassal notified the market of the sale of 200,000 shares by Mr Mark Ryan (Tassal –
Managing Director and CEO). Mr. Ryan acquired these shares pursuant to the Company’s 2010
and 2011 Long Term Incentive Plans.

The on-market sale was transacted at an average price of $4.822 per share.

Following the sale Mr. Ryan will continue to control 160,378 Tassal shares.

The sale was undertaken to enable Mr. Ryan to balance his personal financial position and
finalise a payment of income tax with respect to a previous issue of Tassal shares to him.
Mr. Ryan has confirmed he currently has no intention to sell any further Tassal shares.

Mr. Ryan remains committed to his role as Managing Director and CEO of Tassal and looks
forward to participating in Tassal’s future growth.


" to balance his personal financial position" or something else? Maybe the answer has been "redacted"


Experts quit salmon farm approval panel after raising concerns, but reasons remain hidden
By state political reporter Alexandra Humphries
Updated about 10 hours ago

QUOTE
In November the ABC reported that Barbara Nowak and Louise Cherrie — experts in aquaculture and environmental management respectively — quit the eight-person Marine Farming Planning Review Panel (MFPRP) in protest to the Storm Bay expansion approval.

The panel approved proposals by Tassal (360 hectares) and Huon Aquaculture (330 hectares) to farm new waters in Storm Bay in August.

The new documents, obtained by the Tasmanian Greens, reveal the pair resigned later the same month in a redacted letter to the Governor Kate Warner, and later wrote to Primary Industries Minister Guy Barnett explaining their reasons.

The letter they wrote has been entirely redacted, except for the first and last sentences.


The RTI officer determined the information was exempt from release because its disclosure would divulge information communicated in confidence to the Minister.

The letter was copied to seven other people.

read more - https://www.abc.net.au/news/2019-02-22/salm...ncerns/10834856
https://www.shortman.com.au/stock?q=tgr
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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Feb 14 2019, 02:19 PM
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Posts: 6,791
Thanks: 2307


Tassal delivers its best ever first half results - SP up 3.76% (currently) @ $4.825
QUOTE
Key 1H19 highlights:
• Best ever first half results with Operating NPAT up 22.3% to $31.7 million and operating cashflow
up 96.3% to $79.6 million clearly highlighting the strength of Tassal’s platform to generate
continued, sustainable growth in shareholder returns
• Significant growth in salmon biomass and sales
o Record tonnage – harvest up 16.4% to 21,710 hog tonnes; sales up 21.7% to 20,578 hog tonnes
o Optimised salmon size (4.7kg hog)
o Value of live biomass up 7.0% to $330.2 million
• Favourable salmon market dynamics saw strong consumer demand continuing to outpace supply
growth, improving salmon base selling prices in all market channels. Together with larger fish and an
ability to further optimise sales mix, this has offset increased salmon cost of goods sold
• Investing in the right initiatives to support sustainable long-term growth, with Centralised
Feed Centre and Well Boat to drive future efficiencies
• Prawns providing diversification and long term earnings runway, with acquisition complete and
implementation of stocking ponds proceeding well, material earnings to commence in the short to
medium term.

https://www.shortman.com.au/stock?q=tgr
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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 


blacksheep
post Posted: Oct 29 2018, 07:43 PM
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Posts: 6,791
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In Reply To: blacksheep's post @ Jul 6 2018, 08:58 PM

Both TGR & HUO SP's might benefit from this news when market opens tomorrow - provided the markets are in a good mood

Tassal Group Limited - Storm Bay Approved
QUOTE
Tassal welcomes the Tasmanian Government’s confirmation its Storm Bay plans have been
approved, following a six-year planning and stakeholder consultation process.

Tassal Managing Director and Chief Executive, Mark Ryan, said the farming zone plan, which was
an amendment to the existing Tasman Peninsula and Norfolk Bay Marine Farming Development
Plan (MFDP), located to the west of Wedge Island in Storm Bay, provided the company a total
surface area of four, 45-hectare leases, in some of the most exposed, highest energy leases ever
farmed in the world, with the capacity to produce in total between 8,000 and 16,000 tonnes per
annum.


Salmon industry wins approval for further fish farming expansion in Storm Bay, near Hobart
QUOTE
Tasmania's salmon producers have been given the green light to expand their operations in Storm Bay, with 180 jobs to come from it, the Government says.

Tassal has proposed fish-farming leases in Storm Bay at West of Wedge, while Huon Aquaculture wants to expand on the eastern side of Bruny Island.

Tasmania's Marine Farming Planning Review Panel conducted hearings into the plans earlier this year, which recommended the State Government allow the expansion.

The proposals have caused concerns among some in the boating community over fears debris from fish-farm infrastructure could jeopardise safety, while opponents to fish farming have cited previous environmental issues.

The panel received more than 200 submissions regarding the proposals.

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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Jul 6 2018, 08:58 PM
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Posts: 6,791
Thanks: 2307


In Reply To: blacksheep's post @ May 17 2018, 01:57 PM

Huon Aquaculture loses legal battle against Tasmanian rivals over Macquarie Harbour
By Rhiannon Shine
Updated about 2 hours ago
QUOTE
Tasmanian salmon giant Huon Aquaculture has lost its Federal Court battle against rivals Tassal and Petuna and the Commonwealth over salmon numbers in Macquarie Harbour.

Huon Aquaculture challenged the 2012 decision of the then-federal environment minister Tony Burke to allow salmon farming expansion in the harbour, arguing it was invalid and had led to environmental degradation.

Rival companies Petuna and Tassal were parties to the case, and supported the minister's decision.

Justice Duncan Kerr dismissed Huon Aquaculture's application and ordered it pay costs.


QUOTE
Tassal welcomed the decision.

"We remain committed to improving biosecurity, environmental and farming operations in the Harbour, supported through our joint venture with Petuna," a Tassal spokesman said in a statement.

"We believe this approach is integral to assisting longer term, sustainable operations."

http://www.abc.net.au/news/2018-07-06/huon...harbour/9949520
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--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: May 17 2018, 01:57 PM
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Posts: 6,791
Thanks: 2307


In Reply To: blacksheep's post @ May 16 2018, 10:15 PM

TGR not walking away from Macquarie Harbour. as per suggestion yesterday (see previous post)

QUOTE
Industry first sets benchmark biosecurity standards for Tasmania
Tassal Group Limited today announces it is entering a joint venture with Petuna, through its
wholly owned subsidiary, Tassal Operations Pty Ltd, to cooperatively manage marine farms in
Macquarie Harbour, setting a new benchmark in aquaculture biosecurity standards in Tasmania.

Under the joint venture, each company will continue to own its own leases and its own fish and
fish infrastructure, whilst a joint operational management committee will oversee the strategic
management of the leases, with strong expectations of delivering better biosecurity and
environmental outcomes among other benefits. Tassal employees will continue to work in the
Harbour with the joint venture.




--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: May 16 2018, 10:15 PM
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Posts: 6,791
Thanks: 2307


In Reply To: blacksheep's post @ Feb 23 2018, 01:45 PM

Tassal, Petuna's upcoming announcement has union fearing for security of aquaculture jobs
By state political reporters Rhiana Whitson and Ellen Coulter
Updated about an hour ago

QUOTE
The union representing Tasmania's salmon workers will receive a "comprehensive briefing" on Thursday about whether a major announcement from Tassal and Petuna will impact west coast jobs.

The two companies will release details of proposed changes to operations at Macquarie Harbour involving what they are calling "an industry-led biosecurity innovation".

Tassal would not reveal any information until Thursday, citing trading concerns.


QUOTE
'Is Tassal walking away from Macqaurie Harbour?'
Environment Tasmania's Laura Kelly is concerned Tassal will transfer its leases in Macquarie Harbour to Petuna as part of a PR exercise

http://www.abc.net.au/news/2018-05-16/tas-...st-jobs/9768732
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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
 


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