Could you please add SEA FOREST LTD (ASX SEA) to our list.
The following is an extract from a write-up by Ed Kennedy on FN Arena.
Listing on 26 November, Sea Forest had a strong debut. Having completed its IPO at $2 per share, before the first day was done on the ASX its shares had climbed towards $2.59.
Since then it has climbed further, with the first three weeks of January seeing it climbing beyond $3.
Sea Forest has indicated it identifies three distinct customer groups it’s targeting; primary producers, supply chain integrators, and downstream corporate customers.
A number of announcements Sea Forest made upon the date of its ASX listing have been helpful to making the case to would-be investors of management’s international ambitions.
On 26 November, the company announced a new agreement with Providore Global.
Sea Forest would supply supplement to 12,000 cattle in the west of New South Wales.
As of that date, it brought the total number of cattle being provided supplement by Sea Forest to approximately 118,000.
Sea Forest also announced its entry into the Brazilian and South American markets, by way of partnership with Belterra Agroflorestas.
Notably, with approximately 282 million head of cattle and 22 million head of sheep, Brazil is the world’s largest livestock market.
The company also announced it had entered into a partnership to grant Japanese food business Oisix Ra Daichi Inc. exclusive rights in Japan to both manufacture and distribute Sea Forest’s livestock supplements, as well as gain access to support for seaweed cultivation.