Bonafide Quarterly Webinar Q1 2024

Welcome to the Bonafide update for the first quarter of 2024
In this edition, we bring you exciting insights from the Seafood Expo in Barcelona, presented by our CIO, Philipp Hämmerli, and our Analyst, Noah Gall. We are also pleased to welcome Oda Djupvik, Equity Research Analyst at Pareto Securities, as our guest.

Market Overview and Performance
The fish and seafood sector continues to show impressive resilience. Several companies in our portfolio achieved record results, leading to attractive dividends. We analyze cost factors and achieved sales prices to assess the profitability situation. The net asset value of our Global Fish Fund grew by 6.47% in EUR and even by 10.60% in CHF during the first quarter of 2024, driven by the weakness of the Swiss franc.

Climate Initiatives and Innovations
Given the increasing importance of climate initiatives, we offer insights into the key themes and innovations that seafood companies are currently focusing on.

00:00 - Introduction
02:58 - Best and Worst Performers
04:59 - Profitability of the Companies
09:00 - Climate Initiatives
16:37 - Live Broadcast from Barcelona
22:40 - Interview with Oda Djupvik from Pareto Securities
26:55 - Closing Remarks
27:58 - Q&A Session

Which fish do we take home with us?

  • The conclusion of the El Niño phenomenon is making a significant economic impact: costs are diminishing and stabilizing, while prices continue to hold at high levels. This favorable situation is resulting in unprecedented margins and driving forward robust profit growth.
  • As we approach the upcoming quarter, the Global Fish Fund is strategically positioned for what is anticipated to be its most rewarding dividend season yet.
  • Seafood sectors are making waves in sustainability, actively enhancing their ecological
    footprint with smarter feed use and new transport solutions – a positive leap for the planet.
  • Industry optimism is high – the #BlueRevolution thrives. The Seafood Expo in
    Barcelona showcases our vibrant commitment to the maritime economy.

🌐 Whether you're an investor, industry professional, or simply interested in the seafood market's future, this video offers valuable insights and predictions. Watch now to stay ahead and join the #BlueRevolution!

Quarterly update April 2024

Previous webinars

October 22, 2024

Bonafide quarterly webinar Q3 2024

In the Bonafide Update for Q3 2024, we provide an overview of the Fish & Seafood sector and the performance of our Global Fish Fund, which has risen by 6.83% since July. We analyze MOWI's strategy, carry trades in Japan, innovative aquaculture technologies, and relevant political developments in Norway, Chile, and Canada. Discover why the sector continues to offer attractive investment opportunities.

July 23, 2024

Bonafide quarterly webinar Q2 2024

Welcome to the Bonafide Update for the second quarter of 2024. In this summer edition, we reflect on the past three months, discuss the environmental impact of aquaculture, and analyze four significant portfolio companies. Our companies are more resilient than ever, yearning for a semblance of normalcy. Not an idealized "Goldilocks scenario"—just a normalized environment, a finally calm sea.

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