Skip Navigation Links
Review of Aquabounty (AQB)
11 Mar 2022 (420 views)  

I hold 22,000 shares of Aquabounty (AGB) at an average cost of $5.80. My total investment is $$126,600. This is a large investment. 

I bought this stock at a high of $10. Subsequently, as the price dropped, I bought more shares and averaged down my cost. 

At the lowest point on 9 March, the stock price was $1.40. I suffered a loss of 76% on my invested sum. This is my worst investment. 

The company released its quarterly results on 10 Mar 2022.  Link.  The results were received well by the market. The stock price jumped to $1.93, an increase of 38% over $1.40.

My loss is now 67% or $84,100 USD. It is still a large loss. 

Here are some information about this stock.

The company operates land based farms to grow genetically engineered (GE) salmon. They can grow the salmon at half the time taken for non-GE salmon. The increased productivity helps to bring down the cost of farming salmon. 

The cost is lower than catching wild salmon. There is also a diminishing stock of wild salmon to feed a growing global population.

The company had to faced consumer boycott of GE salmon launched by environmental activists. They consider the genetic engineering is harmful to the consumers. 

Based on the latest financial report, it appears that the consumer boycott has subsided and that the company is able to sell its GE salmon well. 

They have two farms in production and is building a third plant. 

With a large global market and the need to increase the global food supply of fish, the future for the company should be good (I hope). 

Their technology and market is now well established. They should be able to get partners in other countries to build more farms and meet the global demand. 

There is also the possibility that a large investor can buy out the company, as their market capitalization is small now (currently $137 million USD). They can also issue new shares to increase their cash resources. 

I will hold on to my stock for its eventual recovery. 

Note -  I am giving a personal perspective of my investment. This is not investment advice. 

Tan Kin Lian
 

Review of Aquabounty (AQB)
[Back] [Print]


I hold 22,000 shares of Aquabounty (AGB) at an average cost of $5.80. My total investment is $$126,600. This is a large investment. 

I bought this stock at a high of $10. Subsequently, as the price dropped, I bought more shares and averaged down my cost. 

At the lowest point on 9 March, the stock price was $1.40. I suffered a loss of 76% on my invested sum. This is my worst investment. 

The company released its quarterly results on 10 Mar 2022.  Link.  The results were received well by the market. The stock price jumped to $1.93, an increase of 38% over $1.40.

My loss is now 67% or $84,100 USD. It is still a large loss. 

Here are some information about this stock.

The company operates land based farms to grow genetically engineered (GE) salmon. They can grow the salmon at half the time taken for non-GE salmon. The increased productivity helps to bring down the cost of farming salmon. 

The cost is lower than catching wild salmon. There is also a diminishing stock of wild salmon to feed a growing global population.

The company had to faced consumer boycott of GE salmon launched by environmental activists. They consider the genetic engineering is harmful to the consumers. 

Based on the latest financial report, it appears that the consumer boycott has subsided and that the company is able to sell its GE salmon well. 

They have two farms in production and is building a third plant. 

With a large global market and the need to increase the global food supply of fish, the future for the company should be good (I hope). 

Their technology and market is now well established. They should be able to get partners in other countries to build more farms and meet the global demand. 

There is also the possibility that a large investor can buy out the company, as their market capitalization is small now (currently $137 million USD). They can also issue new shares to increase their cash resources. 

I will hold on to my stock for its eventual recovery. 

Note -  I am giving a personal perspective of my investment. This is not investment advice. 

Tan Kin Lian
 

Add a comment

Name
Comment