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AAQ - AAQ Holdings

Discussion in 'Stocks 0-H' started by Afterglow, Sep 16, 2004.

  1. Afterglow

    Afterglow Want to retire june 2013

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    Australis Aquaculture Limited (AAQ) is involved in the production and marketing of barramundi. Fingerlings are sourced from Australia and transported to a US production facility for sale in the US market.

    This is our first posting, we have small holdings in the following.
    BLT
    CMP
    ERG
    MUL
    SNN

    We are looking at AAQ and NXS as possibilities to add to the port.

    Any contributions either about the stocks we hold or the ones we are thinking about would be greatly appreciated
     
  2. GreatPig

    GreatPig Pigs In Space

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    Re: AAQ Does anyone have an opinion

    Afterglow,

    I don't know anything about any of them, but there's a large thread here on MUL at least.

    As a matter of interest, why did you choose those particular stocks to hold? Is this a long term portfolio or are you planning on trading them shorter term?

    Cheers,
    GP
     
  3. brerwallabi

    brerwallabi The Oracle

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    Re: AAQ Does anyone have an opinion

    Regarding AAQ I had never heard of them till I read your post. I just cant resist this though.
    "They could be a bit fishy" LOL sorry about that.
     
  4. Bingo

    Bingo

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    Re: AAQ Does anyone have an opinion

    AAQ have been on my watch list since they floated in early August. They had an initial burst in price and have now settled.

    I decided not to invest as I have memories of Tassal. I worry about natural risks such as disease and the business risk of competition from Asia. While I will stay away from investing in them it did seem that they had a good business model.

    Bingo
     
  5. RichKid

    RichKid PlanYourTrade > TradeYourPlan

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    Re: AAQ Does anyone have an opinion

    Hi there,

    BTW, what was Tassal and what was the problem with them?

    AAQ seems interesting but I don't know much about the business and haven't seen any analysis of it either so I'm staying away. Maybe once I see some price trends I'll buy in but it's not a priority (it seems to have stabilised around the current price). Sounds like a good business model though but I don't know enough about growth/earnings to comment.
    RichKid
     
  6. Bingo

    Bingo

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    Re: AAQ Does anyone have an opinion

    Tassal was a tasmanian atlantic salmon farmer. It did well for a number of years and then went into receivership. The receiver was managed by those same two Mark's who did the Ansett receivership. The receivers sold the business to a private group who subsequently refloated it around a year ago making a lot of money. Shareholders of the original Tassal got nothing.

    You will find the new business listed as Tassal Group (TGR).

    Bingo
     
  7. Afterglow

    Afterglow Want to retire june 2013

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    Re: AAQ Does anyone have an opinion

    AAQ up 2 cents or 4.4 % third rise in three days
     
  8. RichKid

    RichKid PlanYourTrade > TradeYourPlan

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    Re: AAQ Does anyone have an opinion


    Thanks very much Bingo for the info.

    Interesting how these things can go belly up. I like the fact that they don't waste money feeding the fish till they're huge (must cost a bit?) but instead get rid of them when they're little for good money. Also, they seem to be a competent, established business.

    One risk I suppose is disease but Barra is certainly a great eating fish and it has that great Aussie image (for all those execs and businessmen who come from the US and Europe to fish here). Barramundi is also big dollars in terms of attracting tourists to Qld and the top end. I'll be keeping an eye on the stock for now as I may have missed most of the upside for the short term.

    RichKid
     
  9. RichKid

    RichKid PlanYourTrade > TradeYourPlan

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    Re: AAQ Does anyone have an opinion

    Hi there!
    There's a thread on Sonnett (SNN?) in this forum, I don't want to give investment advise so I can't comment on it in that vein.
    CMP is Compumedics if I recall correctly- there was an article on it in Shares mag a few months back, I think it rose straight after that!!
    Hope this helps.

    RichKid
     
  10. tarnor

    tarnor

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    Re: AAQ Does anyone have an opinion

    AAQ - I've been watching this one since the float also.

    Read some interesting comments on another board about the director and stock broking group handling the float.

    I never checked if state one was the actual group but its seemed to hold its price at any rate. I was more interested in other comments by people like

    And


    Best never to trust anyone but was a different angle then the aggressive optimism everyone elses seems to hold. I don't hold atm but am still curious
     
  11. RichKid

    RichKid PlanYourTrade > TradeYourPlan

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    Re: AAQ Does anyone have an opinion

    Thanks for that Tarnor, much appreciated!

    It's always good to have balance in these discussions. Obviously we'd have to check up on all the info before investing to see if it's accurate but since AAQ is not even near the top of my list for attractive trades I can't be bothered, but anyone who intends to buy AAQ would clearly want to do more homework on the comments mentioned earlier.
    BTW, not sure if it's appropriate to ask, but what's the other board that freakme posted on? Thought it'll be good to have a browse through.

    RichKid
     
  12. Afterglow

    Afterglow Want to retire june 2013

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    Re: AAQ Does anyone have an opinion

    Thanks for all the info and comments so far , I will continue to watch and investigate AAQ a little more before investing
     
  13. tarnor

    tarnor

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    Re: AAQ Does anyone have an opinion

    I hope its okay to answer that but it was on hotcopper.com.au - lots of action on that board but be warned lots of one line ramping spam and manipulation, some occasional good posts tho. I only post here atm because the posters seem genuine and more civilised but I often dredge other boards for different opinions. Cheers
     
  14. RichKid

    RichKid PlanYourTrade > TradeYourPlan

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    Re: AAQ Does anyone have an opinion

    Thanks Tarnor!
    Much appreciated. I'd probably rely less on 'recommendation' type comments on those sites but would have to have a look just for the sake of it. That site sounds like it's big, a few people have remarked about it (similar to your comments).

    I find AussieStockForum to be very relaxed and informative and as long as there's disclosure of holdings and balanced views (without any abusive or personal remarks) I'll keep this as my main one. (Thanks also to Joe for allowing us to discuss other forums and for being a great 'Boss'!). I rely on TA more than fundamentals so the chart is my main source of info. I also keep an eye on tipsheets (see the issues we've discussed in the tipsheets thread). But as I'm a newbie I still look for useful news & views. Your comments on AAQ was an eye opener!

    RichKid
     
  15. nothingcreed

    nothingcreed

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    Re: AAQ - Australis Aquaculture

    I used to work at Australis's plant in the United States. It's a great company and they seem to be growing very quickly. Check out there website: www.australis.us. They have some nice news reports about what they have been doing lately.
     
  16. Dukey

    Dukey

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    Re: AAQ - Australis Aquaculture

    Hiya
    have been following AAQ (and Cell Aqua CAQ?) for a while now - but not invested. Mainly interested bec. i think aquaculture (and barra) has a big future with natural fish stocks for some important species dwindling.

    I realise this thread is close to dead - but maybe we can reveive it. :D

    Nothingcreed - what do you think about the expansion plans of Australis. Are they realistic? They seem to have developed a healthy demand for Barra.
    AND, it seems that MD mentioned in previous posts, is no longer associated - or at least no longer a director. Maybe thats a good thing!! ;)

    Does anyone have any thoughts on AAQ (or CAQ) at this stage?? - The Price is up to around 45c with recent expansion plans etc.
     
  17. watsonc

    watsonc

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    Re: AAQ - Australis Aquaculture

    AAQ is featured in October's Money Magazine as a 'penny hopeful'.

    "Why Buy - Clever marketing to US restaurants, a patented water filtration process, and a staged expansion process should support strong success for this monopoly."

    Basically the article suggests that there is room for 'strong growth'.
    After just 2 years - sales up 672%, net loss down about 1.4million, production capacities about to be expanded.

    It does look to have potential! Any thoughts?
     
  18. Agentm

    Agentm

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    Re: AAQ - Australis Aquaculture

    i was in it for a while,, then got out,, think of it this way,, when you have all of your fish in one basket... literally,, then what if a disease gets in to the stock?? then the whole basket aint worth a cracker.. that concerned me..

    they have potential,, the only conern i had was that they could only get so big on the size of their tanks,, then to suddenly grow larger and expand if baramundi becomes the next fish that everyone wants.. then they have a big job to expand quickly to meet demand.. so growth potential is limited in my viwe... but since i left i never have looked back,, even though i know the stock did go up a little..
     
  19. Vainglorious

    Vainglorious

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    Re: AAQ - Australis Aquaculture

    From the website:

    "Australis imports, grows and sells Australian barramund" but the latest AR says they will be operating from a US-based hatchery in the future - goodbye marketing advantage.

    "The company completed a highly successful IPO in August 2004, and its stock has been one of the 50 best performing new issues in Australia."

    BS warning!! Clearly they think Americans don't know how small Australia's IPO market is.

    And what is it with that ".us" domain? Typing in ".com" - which is what most people would do - takes you to a totally differant company. Clearly they didn't think that part of the branding strategy too far? http://www.australis.com/

    And Australis is also the name of a perfume company.

    I'm not saying the company won't be successful but why would they handicap themselves?
     
  20. Dukey

    Dukey

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    Re: AAQ - Australis Aquaculture

    Interesting about the web address and the perfume co. vaing. - Who knows why... maybe the .com site owners got there first and wanted squillions for the site name.

    Agentm - (we meet again my friend :cool: - from the adi thread!!) - as far as disease goes - i think (thats 'think' - not know) that each tank is basically independent of the others - so that any disease should be able to be isolated quite well. And if they can ensure that the fingerlings are healthy - then they should be fine right through the grow-out phases - BUT - its worth researching their methods to verify.

    If/when i get into AAQ it'll be more of a long term - feel-good/environmental thing. Cause fish stocks are declining everywhere and places like Japan - (where i am) and US & Europe are gonna need huge amounts of farmed fish to meet demand in coming years.

    -Dukey (not holding yet - too busy with ADI & QGC)
     

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