Alex Antoniadis on Unsplash
Finance flocks to aquaculture, despite the impact of Covid-19
Rob Fletcher, The Fish Site Fisheries & Aquaculture
“The big surprise, from our perspective, in 2020 is... the equity market has really been on fire the last nine months,” said Petter Dragesund, senior partner at Pareto Securities.
“If you look at stock prices, Leroy [Seafood] is up 20 percent since early 2020, Bakkafrost is up 20 percent since they did an acquisition [of the Scottish Salmon Company] in Scotland, even though that part of the business is losing money; Salmar is up 30 percent since early 2020, so stock prices are in general up,” he noted, during today’s Intrafish Seafood Outlook Forum.
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