Share price recovery

Christian Pérez   Share prices started decreasing by the end of Q1 2013 (probably related to the notification of a number of ISA virus outbreaks) and continued declining for the rest of the year to reach new lows by the end of 2013. For example, AquaChile started this year with a share price of CLP$ 276.00 (~US$ 0.50) and reached CLP$ 360.00 (~US$ 0.65) by the end of June 2014, representing a 30 per cent increase in this six-month period. In the past two years, the highest price per share for AquaChile was CLP$ 413.00 (~US$ 0.75) and it was recorded on March the 13th, 2013, just a few days before the first outbreak of ISA virus last year. Likewise, Multiexport recorded a share price of CLP$ 96.00 (~US$ 0.17) the first day of this year and CLP$ 114.00 (~US$ 0.20) by the end of June 2014, representing a 19 per cent increase in this semester. In the past two years, the highest price per share for Multiexport was also recorded on March 13th, 2013. That price was CLP 160.82 (~US$ 0.29). Australis Seafoods registered a similar situation. The company started this year with a share price of CLP$ 26.00 (~US$ 0.05) and reached CLP$ 41.00 (~US$ 0.07) by the end of last month, representing a 58 per cent increase in the six-month period. In addition, Blumar and Camanchaca, listed companies with both salmon producing and fishing divisions, recorded almost identical share price trends in the past two years. By contrast, Invermar has experienced a steady decline throughout this period, probably due to the delicate financial situation of the company (debts of ~US$ 150 million), its imminent sale to new owners and, on top of that, a new ISA outbreak this year, which reduced increases for Invermar by about US$ 4.1 million in Q1 2014. In this case, the company recorded its best result (CLP$ 133.39 or ~US$ 0.24) on March 11th, 2013, and has seen a non-stop collapse down to CLP$ 30 (~US$ 0.05) by the end of June this year.