Benchmark Share Discussion Threads

[murdo mcsponge] 02/7/2019 19:45

The Norwegians like to think they know a lot about Aquaculture. The fact that this outfit has picked up a 10%+ interest, which when added to the other Norwegian Company's holding of,I think circa 30%, makes an impressive Norwegian interestin BMk. IMHO it bodes well for future growth in BMKK and its share price.

[edwardt] 02/7/2019 11:38

i wonder who bought? surely an rns to follow...

[edwardt] 02/7/2019 08:39

murdo - i like your sentiment but this needs to improve its ROCE a lot. i would not be here if i didn't think it was a good asset.

[murdo mcsponge] 28/6/2019 16:54

Why would there be "another" fund raising? Pleaser enlighten us.

[my retirement fund] 28/6/2019 16:43

Insane rebound though I mean if no one wants them at 40p what the hell is it doing at 45p now just because one mug had to sell? Christ knows what he lost on this one ? Its certainly millions though! ...and without mugs like him I wonder who going to support the next fundraising and at what price!

[murdo mcsponge] 28/6/2019 16:18

The people who buy "floats" are the ones who need to think hard before they do. How many floated companies live up to expectations? Most companies that float take years to meet initial Prospectus aspirations. I don't think I've ever bought into an initial Float.

[murdo mcsponge] 28/6/2019 15:11

That;s one of the problems with "our capitalism" - everyone expects to "get rich quick"! Few people are prepared to be patient while businesses are built up properly.

[edwardt] 28/6/2019 14:50

Agree but others thought the same as you when it floated.

[murdo mcsponge] 28/6/2019 14:12

Our timescales are obviously different. I'm very happy to see them building the Company in the right way, which I think they are, as opposed to rushing to show growth pay dividends. I have BMK down as a "keeper", believing that in 4 or 5 years' time it will generate a very big return for me.

[edwardt] 28/6/2019 12:26

it needs to prove it to less tolerant shareholders/ so far management have not delivered. time is running out for them to deliver...

[murdo mcsponge] 28/6/2019 12:20

I agree. IMHO, this is an outstanding Company, positioned perfectly, in an growth industry.

[edwardt] 28/6/2019 12:15

somebody just got a bargain in my humble opinion.

[edwardt] 28/6/2019 12:13

woodford has jsut sold me thinks...

[edwardt] 10/6/2019 13:27

agreed but it could equally act as a catalyst for a bid from a third party. he would of course be a very amenable recipient of the resultant cash.

[napoleon 14th] 07/6/2019 14:19

BTW, Woodford Equity Income Fund has 64,469,131 shares in this outfit.
Should he need to cash in it could have a (temporary) effect on share price

[edmonda] 05/6/2019 16:59

after reports of a good H1, plus a proposed NOK bond issue, updated research note published ahead of interims on 25 June. Fair value maintained at 105p / share - well above current levels.

Note freely accessible here:

[edwardt] 05/6/2019 11:47

jv partner loss came about because the partner got acquired - so hard to blame them for that.

investors are on their back about streamlining the business- hence the moves out of certain assets.

on the financing - i suspect they will get this away with ease.

trading at 0.5% book infers alot of 'write offs' are already in the share price

investor base is definitely rotating to the show me rather than the like the concept types. i think this could multi bag with a 10 year view.

management must be under the cosh though for sure.

[outsizeclothes.com] 03/6/2019 11:30

Would you give them $90m in finance with this track record ?
Seriously ?????

[outsizeclothes.com] 03/6/2019 11:27

Not good at all.
I warned in Feb. and earlier that debt is way too high relative to turnover and cash flow, and that amortizing over-expensive goodwill would end up costing them actual cash.
So they're showing increased debt, whilst losing a major JV partner (why?) and closed both a shrimp AND a lumpfish site. [ will we see associated write-offs in the next accounts ]
And, trotted out as a blase, matter of fact, justifying statement is the [[my paraphrasing]] 'you can expect that we are working in markets where (temporary) surpluses occur, so, defacto, our turnover and profits will be lumpy [and unpredictable]'

Serious questions need to be asked, the first being "Do you REALLY know what exactly you're doing?"

[john09] 03/6/2019 07:28

“Broadly in line” won’t go down well

[edwardt] 31/5/2019 12:25

hope it was not a champagne reception - they need to watch the pennies with our shareholder monies..

[tinman] 30/5/2019 13:57

Benchmark’s state-of-the-art egg production unit opened this week in Sørfold, Norway.

The new production unit, dubbed “the world’s best facility of its kind”, opened its doors to national dignitaries, local families and international delegates from many parts of the world.

Addressing the 250 attendees, Malcolm Pye, CEO of Benchmark, said: “This project is something that is very special and important. We are putting together something that is vital for the future. This is at the forefront of the salmon industry’s development.”

Once at capacity the facility will be able to produce at least 150 million salmon eggs a year. But Pye stressed that quality, not just quantity, would be the defining feature of the facility’s production – quality guaranteed by both the equipment and the team that the company has assembled.

[edmonda] 30/5/2019 10:17

The opportunity for @WeAreBenchmark to take control of its JV salmon egg breeding facility in Chile, the number 2 salmon producer globally, is an exciting one.

Research note published by equity development, freely accessible here:

[edwardt] 24/5/2019 15:32

Look at genus. Problems of African swine flu has been good for them. Same should apply here for lice