The opportunity in JSE fishing companies

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There is some uncertainty around corporate noise at Oceana, but there are also some operational positives, writes Anthony Clark.

The history of the listed fishing sector on the JSE is a long one. Leading fishing stock Oceana, formerly known as Ocfish, is 104 years old. Sea Harvest was founded in 1964 and Irvin & Johnson, now known as I&J, was founded in 1910.

Looking back at a Business Day newspaper from April 1994, I see the food sector classification on the JSE had the familiar fishing stocks of Oceana, I&J and Sea Harvest, alongside unfamiliar names to many readers such as Namfish, Namsea and Natrawl, long since delisted and swallowed. ..

 

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