Sea Harvest: Primed to deliver a better catch
Battered shareholders may yet get more chips to add to their fish
28 March 2024 - 08:00
IM will openly admit its long-standing recommendation in Sea Harvest has been fishy. Underlying prospects from parts of the business we believed would deliver earnings growth, either acquisitive or organic, have simply not delivered to spec.
With a market valuation of R2.57bn, investors might imagine that a company that has spent R2bn of shareholder funds on acquisitions to date would at least show reasonable earnings growth. Sea Harvest certainly hasn’t...
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