HUO.AX - Huon Aquaculture Group Limited

ASX - ASX Delayed Price. Currency in AUD
4.4800
0.0000 (0.00%)
At close: 3:56PM AEDT
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Previous Close4.4800
Open4.4700
Bid4.4200 x 0
Ask4.4800 x 0
Day's Range4.4600 - 4.4800
52 Week Range4.1200 - 5.1000
Volume1,130
Avg. Volume26,668
Market Cap391.271M
Beta (3Y Monthly)0.14
PE Ratio (TTM)41.48
EPS (TTM)0.1080
Earnings DateAug 29, 2019
Forward Dividend & Yield0.06 (1.36%)
Ex-Dividend Date2019-09-26
1y Target Est5.11
  • Salmon Farmers Fight to Protect Your Dinner from Climate Change
    Bloomberg

    Salmon Farmers Fight to Protect Your Dinner from Climate Change

    (Bloomberg) -- The salmon farms in the far south of Australia, where icy winds roar in from Antarctica, seem an unlikely casualty of global warming.But as tropical waters flow further south, ocean temperatures are rising even around the island state of Tasmania -- stressing fish and stunting their growth. That’s prompting companies like Huon Aquaculture Group Ltd. and Tassal Group Ltd. to find new ways to mitigate the impact of climate change.Both belong to an industry and government partnership that’s selectively breeding fish to tolerate the warmer waters. Huon is experimenting with “fortress pens” to withstand wild weather so it can farm further offshore where the water is colder. It’s a further sign that agriculture in all its forms must adapt to survive human-induced climate change -- from breeding heat-tolerant cattle in Florida to growing salt-resistant crops in Egypt.While Australia represents only about 2% of worldwide salmon production, the nation is providing valuable lessons to a global industry worth $15.4 billion. Huon’s pen designs are being studied by salmon producers as far away as Norway and Chile, according to Deputy Chief Executive Officer Philip Wiese.“There’s a lot of interest in that technology,” said Wiese. “People like coming to visit us because we are on the forefront of change in the industry.”Warmer WatersTasmania’s salmon farmers are facing a serious problem. Surface waters have warmed by two degrees Celsius in the past 60 years, and will rise another three in the next half century as a tropical current running down Australia’s east coast brings warm water to the deep south, according to government forecasts. Marine heatwaves that have stunted fish growth in two of the past five years will become more prevalent, government scientists say.UN Report on Oceans Warns That Climate Change Is AcceleratingThe salmon industry’s selective-breeding program, overseen by the Commonwealth Scientific and Industrial Research Organisation, is having some success.Waters in a test hatchery are warmed to see which fish are thriving despite the stressful environment, and they’re sent to farmers’ test pens. DNA samples of fish that grew more, and had a higher tolerance to a disease that’s prolific in farmed salmon, are sent back to the hatchery. Those families are then selected for commercial production.The program has improved growth rates and tolerance to amoebic gill disease by more than 10% in every three-year breeding cycle since it began in 2004, according to the CSIRO.Salmon farmers are also shifting production from sheltered inlets to further offshore. That’s partly being driven by the state environment regulator halving the production cap in Macquarie Harbour on Tasmania’s west coast to prevent the estuary from collapsing from over-farming.Concerns about the environmental impact of intensive salmon farming have spurred a campaign by community groups and commercial and recreational fishers against the companies. Campaigners at the TAMP nonprofit organization, which stands for Tasmanian Alliance for Marine Protection, want an immediate halt to the expansion offshore until the impacts on wild fisheries are known. They complain that debris from the farms clutters waterways and shorelines and that fish waste alters the biodiversity of areas. Tassal and Huon say they’re creating local jobs and are environmentally responsible. The shift offshore is also prompted by the search for cooler waters. And it’s a risky move.Damaging StormsWork can’t be done in harsh weather and pens can be destroyed by violent storms. Huon lost 120,000 fish last year when six-meter waves and wind gusts in excess of 100 kilometers per hour from the Southern Ocean tore through the aptly named Storm Bay.Huon spent two years developing a twin-net pen, at a price of A$1 million apiece, to withstand the weather and keep seals out. Moorings help anchor an outer predator net as far as 7 meters from the inner net, which contains the fish. The company said it’s working with global equipment suppliers to export the technology to Norway and Chile.Tassal, which also has a lease in Storm Bay, is developing “sanctuary” pens to keep seals out. The company, Australia’s largest salmon producer, is also investigating farming off King Island in the Bass Strait, a notoriously rough stretch of water, according to its 2018 sustainability report. The company didn’t respond to requests for comment.The climate mitigation efforts appear to be working. Tassal sees gradual growth in salmon production from about 33,000 tons last financial year, according to company filings. Huon expects production to climb almost 60% in the next two years from just under 19,000 tons in the 12 months ended June 30.It’ll only happen if the fish aren’t stressed, said Wiese, overlooking a pen as salmon jumped out of the water. “Happy fish, happy customers.”(Updates with environmental concerns about intensive salmon farming.)To contact the reporter on this story: Matthew Burgess in Sydney at mburgess46@bloomberg.netTo contact the editors responsible for this story: Edward Johnson at ejohnson28@bloomberg.net, Angus WhitleyFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Huon Aquaculture Group Limited (ASX:HUO) Insiders Increased Their Holdings
    Simply Wall St.

    Huon Aquaculture Group Limited (ASX:HUO) Insiders Increased Their Holdings

    We often see insiders buying up shares in companies that perform well over the long term. On the other hand, we'd be...

  • Thomson Reuters StreetEvents

    Edited Transcript of HUO.AX earnings conference call or presentation 28-Aug-19 11:30pm GMT

    Full Year 2019 Huon Aquaculture Group Ltd Earnings Call

  • Here's Why Huon Aquaculture Group (ASX:HUO) Is Weighed Down By Its Debt Load
    Simply Wall St.

    Here's Why Huon Aquaculture Group (ASX:HUO) Is Weighed Down By Its Debt Load

    Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...

  • Is Huon Aquaculture Group Limited (ASX:HUO) Investing Your Capital Efficiently?
    Simply Wall St.

    Is Huon Aquaculture Group Limited (ASX:HUO) Investing Your Capital Efficiently?

    Today we'll look at Huon Aquaculture Group Limited (ASX:HUO) and reflect on its potential as an investment...

  • A Spotlight On Huon Aquaculture Group Limited's (ASX:HUO) Fundamentals
    Simply Wall St.

    A Spotlight On Huon Aquaculture Group Limited's (ASX:HUO) Fundamentals

    I've been keeping an eye on Huon Aquaculture Group Limited (ASX:HUO) because I'm attracted to its fundamentals...

  • Do Directors Own Huon Aquaculture Group Limited (ASX:HUO) Shares?
    Simply Wall St.

    Do Directors Own Huon Aquaculture Group Limited (ASX:HUO) Shares?

    Every investor in Huon Aquaculture Group Limited (ASX:HUO) should be aware of the most powerful shareholder groups...

  • Thomson Reuters StreetEvents

    Edited Transcript of HUO.AX earnings conference call or presentation 21-Feb-19 10:30pm GMT

    Half Year 2019 Huon Aquaculture Group Ltd Earnings Call

  • Is Huon Aquaculture Group Limited's (ASX:HUO) CEO Pay Justified?
    Simply Wall St.

    Is Huon Aquaculture Group Limited's (ASX:HUO) CEO Pay Justified?

    In 1970 Peter Bender was appointed CEO of Huon Aquaculture Group Limited (ASX:HUO). First, this article will compare...

  • Does Huon Aquaculture Group Limited (ASX:HUO) Create Value For Shareholders?
    Simply Wall St.

    Does Huon Aquaculture Group Limited (ASX:HUO) Create Value For Shareholders?

    While some investors are already well versed in financial metrics (hat tip), this article is for those who would like...

  • Investors Who Bought Huon Aquaculture Group (ASX:HUO) Shares Three Years Ago Are Now Up 31%
    Simply Wall St.

    Investors Who Bought Huon Aquaculture Group (ASX:HUO) Shares Three Years Ago Are Now Up 31%

    By buying an index fund, investors can approximate the average market return. But if you buy good businesses at attractive prices, your portfolio returns could exceed the average market return. For example, Huon Aquacult...

  • What Does Huon Aquaculture Group Limited's (ASX:HUO) Balance Sheet Tell Us About It?
    Simply Wall St.

    What Does Huon Aquaculture Group Limited's (ASX:HUO) Balance Sheet Tell Us About It?

    Want to participate in a research study? Help shape the future of investing tools and earn a $60 gift card! While small-cap stocks, such as Huon Aquaculture Group Limited (ASX:HUO) with its market cap of AU$414m, are popular for thei...

  • Is Huon Aquaculture Group Limited (ASX:HUO) Struggling With Its 5.6% Return On Capital Employed?
    Simply Wall St.

    Is Huon Aquaculture Group Limited (ASX:HUO) Struggling With Its 5.6% Return On Capital Employed?

    Want to participate in a short research study? Help shape the future of investing tools and receive a $20 prize! Today we'll evaluate Huon Aquaculture Group Limited (ASX:HUO) to determineRead More...

  • Should You Be Holding Huon Aquaculture Group Limited (ASX:HUO)?
    Simply Wall St.

    Should You Be Holding Huon Aquaculture Group Limited (ASX:HUO)?

    Huon Aquaculture Group Limited (ASX:HUO) is a company with exceptional fundamental characteristics. Upon building up an investment case for a stock, we should look at various aspects. In the case Read More...

  • Do You Know What Huon Aquaculture Group Limited’s (ASX:HUO) P/E Ratio Means?
    Simply Wall St.

    Do You Know What Huon Aquaculture Group Limited’s (ASX:HUO) P/E Ratio Means?

    This article is for investors who would like to improve their understanding of price to earnings ratios (P/E ratios). We'll show how you can use Huon Aquaculture Group Limited's (ASX:HUO) Read More...

  • Can We See Significant Insider Ownership On The Huon Aquaculture Group Limited (ASX:HUO) Share Register?
    Simply Wall St.

    Can We See Significant Insider Ownership On The Huon Aquaculture Group Limited (ASX:HUO) Share Register?

    Every investor in Huon Aquaculture Group Limited (ASX:HUO) should be aware of the most powerful shareholder groups. Insiders often own a large chunk of younger, smaller, companies while huge companies Read More...

  • Will Huon Aquaculture Group Limited’s (ASX:HUO) Earnings Grow In The Years Ahead?
    Simply Wall St.

    Will Huon Aquaculture Group Limited’s (ASX:HUO) Earnings Grow In The Years Ahead?

    In June 2018, Huon Aquaculture Group Limited (ASX:HUO) announced its most recent earnings update, which showed that the company endured a major headwind with earnings falling by -37%. Below is Read More...

  • Simply Wall St.

    A Note On Huon Aquaculture Group Limited’s (ASX:HUO) ROE and Debt To Equity

    Many investors are still learning about the various metrics that can be useful when analysing a stock. This article is for those who would like to learn about Return On Read More...