Presentations at 7th North Atlantic Seafood Conference

7th North Atlantic Seafood Conference has been ongoing in Oslo from 6-8th of March. The event is the largest seafood conference in the world. Several companies have released their presentations held mainly in the pareto seafood finance and investor seminar portion of the event today. The companies are listed below with a link to the presentation if available:

Marine Harvest (OSE: MHG)
Lerøy Seafood (OSE: LSG)
Cermaq (OSE: CEQ)
Aker Seafoods (OSE: AKS)

Bakkafrost (OSE: BAKKA)
Sølvtrans(OSE: STRANS)
Salmar (OSE: SALM)
Austevoll Seafood (OSE: AUSS)

Norway Pelagic (OSE: NPEL)
Morpol (OSE: MORPOL)
Norway Royal Salmon (OSE: NRS)
Fish Pool

Akva Group (OSE: AKVA)
China Haikui
Grieg Seafood (OSE: GSF)
High Liner Foods (TSE: HLF)
The Scottish Salmon Company (OSE: SSC)

In company spesific news, Cermaq reported its quarterly earnings today. Fourth quarter operating revenues were almost 3.3 billion NOK (+3%) and EBIT pre fair value 300 million (-50%). Full year numbers were still at record levels of 11.6 and 1.3 billion. Reported EPS was 8.5 NOK and the board proposes a dividend of 4.63 NOK a share. Mainstream Norway unit has already committed a sizeable portion of its 2012 salmon harvest through Fish Pool at 27 NOK/kg FCA Oslo.

Board of AKVA Group feels mandatory offer price on the low side

AKVA Group’s (OSE: AKVA) Board of Directors (excluding Frode Teigen) released its opinion on mandatory offer price of 11 NOK for all outstanding shares of AKVA Group put forward by Frode Teigen via Kontrari AS. The Board asked First Securities AS’s opinion as financial adviser. First Securities is off the opinion that the offer price is low. AKVA’s board concludes that it un unanimously recommends shareholders not to accept the offer but that shareholders who choose not to accept should be in with a long term perspective, particularly in light of the fact that the share is very illiquid.