Ocean Harvest Technology Share Discussion Threads

[ianpaxman] 05/9/2024 14:23

Thank you Supernum.
This news (timing and subject), plus the recent sales warning, makes me very worried about the upcoming half year results... and also for their rapidly-depleting cash position. Crazy that they now seem like a go-private candidate after they've only just listed. Fingers crossed Ashley Head has a rabbit in his hat.

[supernumerary] 04/9/2024 13:02

I followed from listing but never felt it was time to buy - waiting for more visible signs of progress, I guess. Seemed almost academic to me - lots of studies with great results not leading to much in the way of increased revenue, let alone profit.

The report I posted last month was a bit of a shock - it looks like a real missed opportunity for OHT, and I can easily imagine it led to boardroom ructions - it certainly should have done. Whether that led Williams to jump, or the board to push him, or there was something else entirely, I really don't know, but it certainly doesn't look good, and I doubt very much it's the end of the bad news.

They really need to get a good replacement sharpish, otherwise people will start asking why they're listed at all...

[ianpaxman] 04/9/2024 10:40

Hello All. I bought shares in this company just after the IPO, super-excited about seaweed's potential.
But progress has obviously been very disappointing since then and now the CEO goes with immediate effect.
Anyone know what is going on? Boardroom bust up? more bad news to come? Or do you think MW had just had enough?

[supernumerary] 16/8/2024 14:08

They seem to be missing at least one trick :¬( Longish article in The Times today, first half (it's behind a paywall) here:

Why supermarkets are hoping seaweed can stop cows burping
M&S, Tesco, Morrisons and Arla are working on projects to feed cattle additives that could produce ‘greener’; milk and beef

British supermarkets are turning to seaweed and other supplements to curb how much cow burps are contributing to climate change.

Marks & Spencer, Tesco, Morrisons and Arla, the UK’s largest dairy co-operative, are all working on projects feeding cattle additives that could produce “greener”; milk and beef.

There are more than nine million cows in the UK. Their digestive tracts emit enteric methane, which is shorter-lived in the atmosphere than carbon dioxide but much more powerful. About 95 per cent is belched and the rest released by flatulence.

Over time, cows can be bred to optimise their genetics and lower the amount of methane they release. However, giving them additives, such as powder mixed in their feed, offers an instant reduction and a chance for supermarkets to meet looming net-zero targets.

“The contribution from enteric methane emissions towards global warming is significant. It’s the biggest portion of our agricultural footprint, and therefore the elephant in the room when it comes to conversations around decarbonisation of agriculture,” said Sam Elsom, chief executive of Sea Forest, an Australian company and finalist in Prince William’s Earthshot Prize.

The firm, which mostly works with Australian farmers, hopes its red seaweed will be fed to cattle on British farms next year to produce “lower methane beef” for Morrisons. The company claims its additive cuts methane from cows by up to 90 per cent.

Methane is a big problem for British farming. Agriculture is responsible for about half of the country’s methane emissions, and the National Farmers Union (NFU) has a target of reaching net zero emissions by 2040. Farming is projected to become the UK’s single largest emitting sector in 13 years’ time without strong action, making it a bigger polluter than all the country’s cars and other transport.

The biggest player in the world of methane-inhibiting feed is a supplement called Boaver, produced by the Dutch firm DSM. It was licensed for commercial use in the UK just before Christmas and M&S is introducing it across 40 of its dairy farms. The retailer says the move will cut the carbon footprint of its milk by almost a tenth. Tesco has started feeding the supplement to 400 dairy cows.

[ ... ]

[juliemara] 09/8/2024 08:30

This IMO is exciting!

[supernumerary] 04/4/2024 11:14

They've got the market cap right, so I don't see how they could have the wrong shares in issue?

[apfindley] 04/4/2024 11:08

The data here on advfn showing just 8mill shares, but there's really about 125 million in issue. Wish they would update data more frequently.

[timbo003] 09/2/2024 19:21

Youtube video from last Thursday's Presentation at Shares magazine Investor evening:

[mcbull] 12/9/2023 09:29

Needs to move up to a higher priced feed market and then sell to pets owners with a conscience, not pig farmers

[jonwig] 12/9/2023 06:22

Interims just out. I really do hope they can succeed with this business, as it seems to be environmentally so beneficial.

However, as they showed in the IPO document, actually making a profit is probably beyond them for the foreseeable future. Their worldwide supply chain must be a nightmare to control. For anyone who's a fan, their balance sheet is pretty sound.

Could a much larger group integrate them into its operations?

[cyberbub] 16/8/2023 14:28

Just looking in here .. 20M+ market cap with revenues of at best £3M and no indication of profitability as they must have published their 2022 results before their IPO... What's the investment case here?

[supernumerary] 11/7/2023 09:21

A couple of interesting links, courtesy of the Byotrol thread:

Mara Seaweed just gone into administration - looks like they were over-trading and failed to ensure they had the necessary working capital.





And a useful source of links on the entire seaweed industry; there's an astonishing amount of work going into this area:

[pugugly] 16/6/2023 07:52

Even wiser bid now 15p and no news -

[pugugly] 13/6/2023 11:44

Looks as though he was wise price now 18p

[oapknob1] 14/4/2023 21:26

Director/PDMR ShareholdingOcean Harvest Technology Group plc announces that it was notified on 14 April 2023 that, Terence Butler Holdings Limited, a substantial shareholder and PDMR of OHT, sold in aggregate 1,000,000 ordinary shares of 1 pence each in the Company at an average price of 22.977 pence per share.Following the sale, Terence Butler Holdings Limited's beneficial interest in the Company is 24,340,944 Ordinary Shares, representing approximately 19.34 per cent. of the total issued share capital.

[maverickps123] 13/4/2023 09:39

Looks strong today! Just added a few tranches! No brainer down here

[steeplejack] 11/4/2023 19:39

Doesn't surprise me.The financial data for the majority of companies is all cited in 2022 and hasn't been updated.

[pugugly] 11/4/2023 18:42

ADVFN Fundamentals and charts for this stock have not been updated since launch for new company using old epic. Or so it appears.

[steeplejack] 11/4/2023 16:40

Incidentally,its important to put Ocean HARVEST Technology when doing a search or you are more than likely to end up reading about Ocean Technology,a different kettle of fish.

[steeplejack] 11/4/2023 16:33

Key Highlights:Based on the placing price of 16p, the market capitalisation of the Company will be approximately £20 million at AdmissionPlacing raised gross proceeds of £6 millionThe Company's ISIN is GB00BQKR6R17 and the SEDOL is BQKR6R1Following Admission the Company will have 125,855,697 Shares in issue

[the count of monte_cristo] 11/4/2023 11:45

What is the market cap? Header says 22m but the ADVFN header says 1.67m?

[hedgehog 100] 06/4/2023 12:53

Current share price 6th. April 2023: 17.625p
125,855,697 shares in issue
Market capitalisation: £22.182M.


"Improving animal nutrition using the power of the sea"



04/04/2023 07:00 UK Regulatory (RNS & others) Ocean Harvest Technology Group PLC Admission to Trading on AIM LSE:OHT Ocean Harvest Technology Group Plc

"Admission to Trading on AIM and First Day of Dealings

Ocean Harvest Technology Group plc, a leading global producer of animal feed additives from multispecies seaweed blends, is pleased to announce the admission of its entire issued ordinary share capital to trading on AIM ("AIM"), a market operated by the London Stock Exchange plc ("Admission"). Admission will take place and dealings will commence at 8.00 am GMT today under the ticker OHT. The Company's Admission Document is available to view on the Company's website at www.oceanharvesttechnology.com .

OHT delivered product revenue of EUR2.5million in 2022, a 67% increase on the prior year, and continues to see strong demand for its products. The Company has a market leading position in a multi billion dollar market with substantial barriers to entry. The Directors remain confident in achieving further significant revenue growth in 2023 and look forward to driving further commercial progress across the Group.

finnCap Ltd is acting as Nominated Adviser and sole broker in relation to the Admission.

Key Highlights:

-- Based on the placing price of 16p, the market capitalisation of the Company will be approximately GBP20 million at Admission
-- Placing raised gross proceeds of GBP6 million
-- The Company's ISIN is GB00BQKR6R17 and the SEDOL is BQKR6R1
-- Following Admission the Company will have 125,855,697 Shares in issue

The Company will provide a live presentation via Investor Meet Company in April. The presentation will be open to all existing and potential shareholders. Questions can be submitted pre-event via your Investor Meet Company dashboard up until 9am the day before the meeting or at any time during the live presentation. Investors can sign up to Investor Meet Company for free and add to meet via: .

Mark Williams, CEO, Ocean Harvest Technology, commented:

"Today's listing is an important milestone for Ocean Harvest Technology and will assist the rapid growth of the Group. The funds raised will enable the Group to continue to strengthen its global sales team and build out its supply chain. We will also continue to invest in R&D to innovate and enhance our existing customer offering in the fast growing markets the Group operates in.

"I am grateful for all the hard work of our team, and I would like to thank our new and existing shareholders for their support. We are confident in our ability deliver on the opportunities ahead and I look forward to providing updates on our progress as our business develops." ..."

[billbyrne] 08/5/2006 09:35

It might help to highlight it a bit more if we were on the leader board
like we should be with a rise of 25%

[billbyrne] 08/5/2006 09:33

In the time it took me to type the last comment it has moved 25%

All because i bought 1000.
Somebody else buy some and i think we could catch up quicker than i thought.

All imho