Articles On Seafarms Group (ASX:SFG)

ShareCafeScale the Name of the Game for Aquaculture by Max Andrews – Business Developer / Analyst   Aquaculture companies underperformed on the ASX compared to the consumer staples index (-10%), until Cooke Aquaculture proposed a bid to TGR...

Food prices around the world continue to surge on the back of  a bleak global economic outlook How long will this last and why aren’t food stocks soaring in line with prices?  From transport delays to slowing harvests, the COVID-19 pandem...

Little caps drive 1.5% higher, dragging benchmark beyond parity Central banks vs inflation episode #48: BoJ does nothing, BoE did nothing All action, no talk: Torque Metals spikes on no news Following a Wednesday night of fine, rich gains...

Benchmark sags as Materials sector delivers even more tedious disappointment Coal miners hand back yesterday’s gains as investors tire of Chinese whispers Cannabis offers relief for investors and health stocks climb as well. The ASX has e...

Small Caps, ASX 200 slide on commodities sell off Energy, resources, materials all down circa 5% off setting gains for IT et al BNPL names are back in the green   This is difficult, maudlin trade to watch. Two speed investing at its fines...

Only one month after appointing its new CEO, Darwin-based Seafarms Group (ASX: SFG) has announced it will reassess the key challenges of its $1.87 billion prawn aquaculture development known as Project Sea Dragon (PSD). The project, which...

Benchmark down 1.6%, small caps 2% Shares dive on surprise size of rate hike  Dateline Resources lifts on 100m intercept   In some miserable pre-rate day trade the small caps index and the ASX200 were down 1.5% and 1% respectively as trad...

The board controversy that has enveloped Seafarms Group (ASX: SFG) could be peeling away following today’s promotion of its its Project Sea Dragon (PSD) chief project officer Rod Dyer as CEO, alongside confirmation of the departure of outgo...

Seafarms (SFG) appoints Rod Dyer as CEO, effectively immediately His appointment is among numerous executive changes the company has made after previous CEO Mick Mahon had stepped down following a major setback in the Project Sea Dragon (P...

XEC falls hard on Monday XOJ closes 1.2% lower Seafarms Group (ASX:SFG) recovers Friday losses   Australian markets fell and fell hard on Monday. The benchmark ASX200 is nudging two month lows, while the Greenback’s near 20-year high has...

WA businessman Ian Trahar has wrestled back control of his struggling aquaculture company Seafarms Group after executive chairman and chief executive Mick McMahon fell on his sword.

The Seafarms Group (ASX: SFG) board brought in Mick McMahon to lead their ambitious aquaculture plan Project Sea Dragon, but instead he commissioned a feasibility study that poured cold water on the development.  There seems to be a clear...

Seafarms Group’s (SFG) CEO and Executive Chairman Mick McMahon has resigned The news follows calls from the company’s shareholder Avatar Industries to remove Mr McMahon from the board roughly six months after he was appointed  Former Execu...

  US stocks plunge in a broad based selloff Block Inc down 10% on NYSE as earnings disappoint ASX to open 1.5% lower this morning ASX to tumble as Wall Street dives The ASX 200 is set to open much lower this morning, following a broad sel...

Perth businessman Ian Trahar is seeking to wrest back control of aspiring aquaculture firm, Seafarms Group, by removing its chairman and chief executive.

With its shares down 81 per cent this year as it grapples with a flagship $1.45 billion project deemed as unviable, Darwin-based Seafarms Group (ASX: SFG) now faces further turmoil as its largest investor seeks to remove CEO Mick McMahon fr...

ASX gives back early gains on Wednesday Small caps whacked as Fed Hawks get hawky, bonds get toppy, coal prices surge, oil prices plunge… again And now the market news in briefs. Unlike the no-frills, straight-shooting ASX Emerging Compan...

The ASX200 has taken a 0.5% hit on Wednesday, with the tech sector giving back all the previous session’s gains after Wall Street fell and the tech-laden Nasdaq Composite lost 2.3% overnight. The overnight session was dominated by comments...

ASX XEC gains 0.5% on Thursday as falling oil prices scuttle ASX 200 Iron ore cracks US$150, AUD steadies above 75 cents Major movers today: Siren Gold (ASX:SRG), Tempest Minerals (ASX:TEM) The ASX200 – down 0.2% at the close – was tracki...

Seafarms Group (SFG) will undertake a farming pilot before continuing with its Project Sea Dragon (PSD) prawn farms in Northern Australia This follows a project review which identified a number of challenges, including unacceptable risks...

The ASX microcaps Emerging Companies index closed 0.01% higher on Friday Copper explorer Stelar Metals (ASX:SLB) led the market with a 57% gain US stock futures are trading flat ahead of the Friday open on Wall St   After a pretty strong...

AIC Mines (ASX:A1M) led a group of 30 stocks running hot this week, amid another spate of big mining hits, M&A deals and clean energy winners. Each week, Stockhead recaps ASX stocks that are “running hot” as deduced by the Relative Stre...

Minerals260 (ASX:MI6), a spinoff from Liontown Resources (ASX:LTR), enjoyed a positive debut despite the ASX finishing down again. The ASX 200 retreated 0.26% to close at 7,821 points with all sectors in the red except consumer staples and...

Seafarms Group (SFG) expects its Project Sea Dragon to cost more than previously reported due to steel and copper prices Previously the company reported capital works costs of between $275 million and $290 million. These are now expected...

The Seafarms Group Ltd (ASX: SFG) share price is plummeting today following news of a budget blowout. The aquaculture company broke its trading halt this morning when it announced the cost of the first stage of its Project Sea Dragon has i...

Stockhead’s Top 10 at 10, published at 10.15am each trading day, highlights the best (and worst) performing ASX small caps in morning trade using live data. It’s a short, sharp update to help frame the trading day by showing the biggest mov...

The ASX had a positive end to the week with the ASX 200 gaining 0.87% today taking its weekly gain to 1.9%. All sectors gained with the best being resources which gained nearly 1.7%. Australia’s rise was in line with the broader Asia-Pacifi...

It was a fairly turbulent night on global markets, but the ASX 200 put in a fairly solid day of trade on Thursday to snap a two-day losing streak. Risk-on sentiment held sway as the microcap Emerging Companies index rose more than 1%, while...

The Seafarms Group Ltd (ASX: SFG) share price has been put in the freezer today as the company prepares to make an announcement to the market. Upon requesting that its shares are halted from trade today, Seafarms noted it was aware of info...

Highlights The ASX 200 edged around 0.4% higher during the opening session. Opening gains were contributed by 10 sectors and the energy space showed some losses on the screen, declining by 1.5%. Qube’s AU$90-million acquisition of New...

Aquaculture business Seafarms’ share price jumped today after it revealed it had poached two of Australia’s most experienced food industry leaders.

Seafarms Group has announced a $25.8 million loss but says it is on track to deliver its first harvest from a new development in 2023.

Each week, Stockhead recaps ASX stocks that are “running hot” as deduced by the Relative Strength Index (RSI). The RSI is a technical gauge which measures how trading momentum is affecting the price action. A reading of 70 is seen as the le...

Each week, Stockhead recaps ASX stocks that are “running hot” as deduced by the Relative Strength Index (RSI). The RSI is a technical gauge which measures how trading momentum is affecting the price action. A reading of 70 is seen as the le...

Closing Bell is Stockhead’s daily recap of the ASX’s biggest winners and losers. Data is taken at the market close – at 4.10pm AEDT. Stocks highlighted in yellow rose (or fell) after making announcements during intraday trade. WINNERS Scrol...

Around 1 million residents of some inner-Sydney suburbs are to stay at home until next Friday, after the latest government-imposed lockdown. The restrictions will begin at midnight today, and last until midnight on Friday, July 2. To market...

The ASX lost another 0.32 per cent today, due to a steep drop in the last hour of trading. The bourse was almost at parity just before 3pm but a sell off in the last hour saw the ASX 200 close at 7,275, which was 0.32 per cent lower than ye...

THE company behind a major Territory aquaculture project is seeking to raise $105 million to kick off construction of what is set to be one of the world’s biggest black tiger prawn farms.

The ASX is pulling off a near perfect imitation of a roller coaster, pulling back 0.6% following yesterday’s 1.4% gain and Monday’s 1.8% fall, or an overall drop of 1% for the week. The ASX 200 closed at 7,299 while the ASX Emerging Compani...

The Seafarms Group Ltd (ASX: SFG) share price is falling sharply today as the company announced its half-year report late on Friday. The aquaculture company also released a market update. The Seafarms share price was trading down 5.68% at...

Michael Gable is an expert guest commentator for the Finance News Network, presenting “Stock Watch” each week – covering stock tips and shares on the Australian market (ASX). This video is dated 8 February 2021.  Shares covered: (ASX:BLD),...

Participating in small cap raises is proving lucrative for investors, with shares in 47 small caps that tapped equity markets in April currently trading higher than the price at which they raised cash. Stockhead counted at least 66 offers i...

It’s still a relatively difficult market to raise capital in, particularly at the junior end, but there are some that have convinced investors to part with their hard earned cash. We run through just which small and micro caps successfully...

11 Dec 2019 - Sustainable aquaculture company Seafarms Group (ASX:SFG) has reached its first community development milestone at Native Title holders’ upgrade of the Legune Station.

Department of agriculture and water resource has set up a ‘National Aquaculture Strategy’ to achieve the growth target of $2 billion a year by 2027. In order to achieve this outcome, a strong collaboration is needed between aquaculture indu...

Every investor in the market looks for feasible returns from its investments, whether it is for short-term or long-term. All the four stocks discussed in this article are moving towards growth, focusing on delivering shareholders’ returns....