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SHG's been getting hammered but the fishing quota side is solid long term, rand weakness actually helps exports. Issue is aquaculture took a knock and working capital got tight, so margins compressed. At R8.21 you're paying peanuts for the asset base but need patience on the turnaround, not a quick flip. GLTA
Fish prices are under pressure globally, rand weakness helps exports but their margins are getting squeezed. Need to see volume growth or a big contract to justify holding at R8.21, otherwise we're just treading water here. The aquaculture side is where the real upside is if they can scale it properly.
SHG's issue is simple, they're fighting rand weakness and input costs while the rand keeps getting hammered. Aquaculture could be the real play long term if they can scale it without bleeding cash, but the wild catch business is just getting squeezed harder every quarter. Worth watching the next results to see if cost cuts actually stick or if it's just smoke.
fwiw the rand weakness is actually a tailwind for shg since they export, but the quota cuts on hake are real and that's maybe 40% of earnings imo. h1 cash flow was decent enough but if they can't land fish they can't process it, so thesis hinges on aquaculture scaling faster than wild capture shrinks.
SHG up 1.34% to R8.30 today, but still trading well below its peers in the protein space. Oceana's sitting on stronger margins and more diversified revenue streams, which shows why the market's given it a wider valuation multiple lately.
been reading the latest sens filings, fishing quotas looking tight this year
shg got hammered on the rand weakness and fishing quota uncertainty. the aquaculture side is supposed to be the growth story but earnings havent moved much. compare that to companies actually scaling their export game, shg looks stuck. theres value here if the new ceo actually delivers on cost cuts but im not holding my breath.
read through the latest sens filing and the rand weakness is actually helping export margins, but the quota cuts in the west coast rock lobster are gonna bite hard next year. at r8.19 the stock isnt pricing that in yet imo.
sea harvest sitting at r8.19 and people act like the fishing sector is dead. look at what they pull from the ocean and move through export channels, that margin story alone tells you the market is pricing in way too much pessimism. guys making actual money on wild capture and aquaculture ops aren't pre-revenue companies, we are a pre-revenue company, can't fix stupid, but the asset base here is real and undervalued if you actually look at what comes out of the water
SHG up nearly 2% today, which is decent given the broader consumer headwinds. The fishing stocks have been hammered but if they're managing volume and holding margins, there's value here at these levels.
SHG down 3.26% today but the seafood demand fundamentals remain solid given protein inflation pressures. At these levels, the dividend yield is worth examining against their cash conversion cycles, especially with fishing quota stability looking decent for the season ahead.
SHG's 2% pullback offers no fresh signal from my systematic framework. Pricing remains elevated relative to historical ROIC metrics, and without confirming uptick in volume or positive earnings revision, this retracement doesn't trigger entry conditions.
Sea Harvest dropping 1.19% today is just a blip like when your striker misses a penalty, but if they keep landing those catches and selling fish to the whole country, this thing could be a league champion over the next few years. The food business is always gonna need supply so l
Sea Harvest popping 2.31% today, which makes sense given the seafood TAM in Southern Africa is still massively underserved compared to global protein consumption patterns. The real question is whether they can scale margins while keeping input costs under control as commodity pre
SHG up 0.94% to R859 today but that's pocket change. Need to see if they're actually moving volume on the JSE or just sideways drifting.
SHG at R840 is dead money today, up 0.60% on nothing - waiting for that earnings call to see if seafood volumes actually recovered or if margins got squeezed again.
SHG down 0.67% to R884, ag eish. Fishing stocks always feel the squeeze when fuel costs spike—wonder if this dip is just noise or signal the margins are getting hammered.