Marine Harvest is a seafood company engaged in the production of farmed salmon. Co. offers fresh and processed salmon and other processed seafood to customers in 70 countries worldwide. Co. focuses on three principal types of production activities: salmon feed production in Norway, fish farming and primary processing of fish in Norway, Scotland, Canada, Chile, Ireland, and the Faroe Islands, and secondary processing of seafood in Norway, Chile, Ireland, the United States, the United Kingdom, France, Belgium, the Netherlands, Poland, the Czech Republic, Japan, Vietnam, Taiwan, and South Korea.
  • TickerMHG
  • ISINNO0003054108
  • ExchangeOslo Bors
  • SectorFood Producers
  • CountryNorway

Analysts

Alexander Aukner ...
  • Frank Maaø
  • Jon Masdal
  • Marius Knudssøn
  • Martin Hoang Nguyen
  • Nicolay Dyvik
  • Ole-Andreas Krohn
  • Olof Larshammar
  • Patrik Ling
  • Rune Majlund Dahl
  • Simen Mortensen
  • Stefan Gauffin

Northern Lights

Alexander Aukner

Mowi (Sell, TP: NOK170.00) - Strong trading update

Mowi’s Q2 trading update revealed operational EBIT of EUR208m, c10–5% above our forecast and consensus, driven by higher volumes in Norway and a strong EBIT/kg margin in Norway, Scotland and Chile. We expect 2019 EPS consensus to rise by 1–2% on the back of this update. A EUR19m restructuring cost has been recognised below the operational EBIT line, but a delay in an insurance payout for the Kritsen fires means the EUR208m does not include the expected EUR17m insurance income. We consider this a strong trading update and await more details in the full report (due at 06:30 CET on 21 August 2019...

Alexander Aukner ...
  • Christer Magnergård
  • Christoffer Wang Bjørnsen
  • Ole-Andreas Krohn

Northern Lights

Alexander Aukner

Mowi (Sell, TP: NOK170.00) - Strong trading update

Mowi’s Q2 trading update revealed operational EBIT of EUR208m, c10–5% above our forecast and consensus, driven by higher volumes in Norway and a strong EBIT/kg margin in Norway, Scotland and Chile. We expect 2019 EPS consensus to rise by 1–2% on the back of this update. A EUR19m restructuring cost has been recognised below the operational EBIT line, but a delay in an insurance payout for the Kritsen fires means the EUR208m does not include the expected EUR17m insurance income. We consider this a strong trading update and await more details in the full report (due at 06:30 CET on 21 August 2019...

Alexander Aukner

Mowi (Sell, TP: NOK170.00) - Estimates lowered

A lower salmon price than we expected means we have reduced our Q2e operational EBIT from EUR224m to EUR190m (excluding the EUR17m insurance payout guided from the Kritsen fire), versus consensus of EUR230m. We expect a DPS of NOK2.6 for Q2, in line with previous quarters. The trading update is due on 15 July, and the full Q2 report at 08:00 CET on 21 August. We reiterate our SELL and NOK170 target price.

Alexander Aukner

Seafood - The Fat Trout Weekly

Seafood - The Fat Trout Weekly

Alexander Aukner

Sector Research - Seafood

Sector Research - Seafood

1 director sold after exercising options/sold

A director at Marine Harvest Asa sold after exercising options/sold 1,600,000 shares at 179.737NOK and the significance rating of the trade was 76/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted und...

Alexander Aukner ...
  • Frank Maaø
  • Jon Masdal
  • Marius Knudssøn
  • Martin Hoang Nguyen
  • Nicolay Dyvik
  • Ole-Andreas Krohn
  • Olof Larshammar
  • Patrik Ling
  • Rune Majlund Dahl
  • Simen Mortensen
  • Stefan Gauffin

Northern Lights

Alexander Aukner ...
  • Christer Magnergård
  • Christoffer Wang Bjørnsen
  • Ole-Andreas Krohn

Northern Lights

Alexander Aukner ...
  • Jon Masdal
  • Jon Berggren
  • Martin Hoang Nguyen
  • Nicolay Dyvik
  • Ole-Andreas Krohn
  • Olof Larshammar
  • Simen Mortensen

Northern Lights

Alexander Aukner ...
  • Mattias Holmberg
  • Ole-Andreas Krohn
  • Simen Mortensen

Northern Lights

Alexander Aukner ...
  • Christoffer Wang Bjørnsen
  • Eivind Sars Veddeng
  • Håkon Astrup
  • Joachim Gunell
  • Jon Berggren
  • Martin Arnell
  • Niclas Gehin
  • Nicolay Dyvik
  • Ole Martin Westgaard
  • Ole-Andreas Krohn
  • Olof Larshammar
  • Patrik Ling
  • Simen Mortensen

Northern Lights

With a more favourable environment, MOWI ASA improves to Positive

MOWI ASA (NO), a company active in the Farming & Fishing industry, is favoured by a more supportive environment. The independent financial analyst theScreener has confirmed the fundamental rating of the title, which shows 3 out of 4 stars, as well as its unchanged, defensive market behaviour. The title leverages a more favourable environment and raises its general evaluation to Positive. As of the analysis date May 17, 2019, the closing price was NOK 202.00 and its potential was estimated at NOK 214.44.

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the week...

Expert Corporate Governance Service (ECGS)

Mowi - AGM 29 May 2019

In general, Mowi is in compliance with the Norwegian regulations relating to the organisation and procedures of the Annual General Meeting. Under ITEM 6, the board of directors seeks approval of the Company's remuneration guidelines. The proposed remuneration structure is not in line with ECGS' guidelines. Accordingly, ECGS recommends to vote OPPOSE. Under ITEM 7, the board of directors seeks approval of a LT incentive plan. ECGS does not approve of LT incentive plans that do not operate one or more challenging performance conditions. Thus, ECGS recommends to vote OPPOSE. Under ITEM 9, appr...

Marine Harvest – Proxinvest Corporate Governance Rating ® : C

Proxinvest Corporate Governance Rating ® helps investors integrate governance into their investment decision and identify governance risks and opportunities within their portfolio. Proxinvest Corporate Governance Rating ® Service rates European issuers through the analysis of four main themes : Ownership & Shareholder rights, Board & Committees, Audit & Process, Remuneration. Each theme is rated taking into account several comprehensive sub-categories. Our unique two-step process to achieve each rating includes a first step quantitative valuation and a second step qualitative filter...

Expert Corporate Governance Service (ECGS)

Marine Harvest - 2018, December 4th

In general, Marine Harvest is in compliance with the Norwegian regulations relating to the organisation and procedures of the Extraordinary General Meeting. Under ITEM 3, it is proposed to change the name of the Company to "Mowi ASA", in connection with a revised corporate strategy and the launch of a global brand "MOWI". The new "MOWI" brand is aimed at the upper echelon of the salmon market in terms of quality and sales price. The Company expects that (MOWI) sales will increase gradually to exceed EUR 1.0 billion by 2025, generating additional operating income of at least EUR 100 million. ...

Expert Corporate Governance Service (ECGS)

Etude de l'AG du 15/01/2018

In general, Marine Harvest is in compliance with the Norwegian regulations relating to the organisation and procedures of an EGM. Under ITEM 4, the nomination committee proposes to appoint Mr. Kristian Melhuus as Member of the board of directors. Based on the available information, Mr. Melhuus would not be considered independent since he is serving as Director of Seatankers Management Norway AS, a company affiliated with Marine Harvest's largest shareholder Geveran Trading Co. Ltd. In light of insufficient independent representation on the board, ECGS recommends to vote OPPOSE.

Dave Nicoski ...
  • Ross LaDuke

Vermilion Int'l Compass: Global Equity Strategy

As support levels continue to hold for the MSCI ACWI and S&P 500, our neutral but constructive outlook remains. Additionally, we reiterate our expectation for more consolidation and volatility. In today's report we highlight actionable stocks within countries that are displaying bullish price and relative strength trends. • Asia/Pacific. In Japan, the TOPIX continues to exhibit leadership characteristics. Stay overweight. Broadly speaking, global Consumer Staples stocks are lagging, but Japan is the exception. Hong Kong's Hang Seng Index also remains on bullish footing... see pages 2 and 5-11...

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