Promising possibilities for Abagold’s fishy treasures

Five years after a devastating red tide event at its abalone farm near Hermanus, unlisted aquaculture venture Abagold is firmly back in the black, with dividend payouts, fatter margins and swelling prospects. So much so, that retail investors might want to consider catching a rising profit tide — though taking a plunge is not easy.

In the company’s just released annual report Abagold chair Hennie van der Merwe, who is the former CEO of Trencor and the current chair of Master Drilling, writes that Abagold has turned the corner from 2017’s disaster; not just recovering, but developing a maturing pipeline...

Source: News Formal (newsformal.com)

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