Many environmental stocks have shown outstanding share price performance since listing. Here are seven examples that prove that good stock selection among environmental stocks can lead to excellent share price performance and capital gains.
For a sector that has heaped heartbreak on investors over the years, ASX-listed seafood exposures now present an ocean of choice to investors. Most of the expanding school of piscatorial plays are export-oriented – or aspire to be – and leverage Australia’s image of having pristine waters.
Salmon farmer Tassal (TGR) is looking to raise up to $100 million to expand its Tasmanian operations as it moves away from a strong retail bias towards developing a bigger presence in the more profitable wholesale markets (food service businesses). The fund raising comes after the company has self-financed a $135 million spending spree on acquisitions and new facilities since 2015.
Full year earnings guidance calls for a result of around $21m and the broker sees meeting this expectation as a solid step for the company, particularly as the second half of the year will show a stronger result than the first half.