Price prediction based on financial reports and interest rate
After reviewing Q3 financial report my guess is that YTD net profit -424 MNOK is incorrect.
They added an estimated aquculture tax based on 100% of profit before tax. In the Q3 financial report thet added following statement:
"The government’s proposal on resource rent tax on aquaculture (in the sea) was
adopted by the Storting on 31 May 2023. The estimated tax expense is very uncertain."
My guess is that the new tax is new and unclear how it will be implemented, therefor they purposefully added it higher, which resulted in negative net profit YTD.
Future rate cuts will increase asset value which decreased 710 MNOK in Q3, and decrease future interest expenses.
In short I base my bully view on that purposefully made the financials seems worse until the new aquaculture tax is more clear how it will be implemented.
Aquaculture
$ANIC: speculating the regulatory approval of cell based seafoodThis week the USDA awarded a $10m grant to TUFTS university to accelerate cell based meat through establishing the National Institute for Cellular Agriculture. My suspicion is that the FDA will allow the commercialization of cell-based seafood on the market at the end of the year.
PNR Quarterly ChartPentair makes all kinds of equiment for fish farms which will be required in the not too distant future to maintain population growth as the seas continue to decline.
I see 30% pretty easily in the next few quarters. 100x off the bottom is 127 dollars another key level to watch if we dont correct very much after my (potential) wave 5 completes
Be sure to manage your risk
gl hf
xoxo
sn00p