Status update - the fish are fattening up at a good pace. If the pace continues as is (or even slows down slightly), the combination of faster growth + keeping the feed conversion ratio (FCR) below one is a nice combo for returns.
For example, shaving a month off the growing time would naturally mean faster capital turnover and better margins per batch of fish raised.
Perhaps even more important than the biological process is the start of the new contractor and the continuation of pool construction. If and when they stay better within budget frames in the future, it would give the operations new credibility for scaling the process and project to other parts of the island.
Speaking of which, isn’t it about time to move to the main list?
Arctic Research slapped a 54 NOK target price on it, but the firm likes to sell its “own” listings with overblown positivity, so you can comfortably cut 25% off that figure.