Category

In the news

Chairman’s Address to the 2016 Annual General Meeting

By | In the news, Latest News | No Comments

Australia’s Oyster Coast Ltd held its Annual General Meeting today in Narooma.  Chairman, David Trebeck, announced the Board’s decision to enter into a joint venture with private investors to establish a farm asset holding company. Mr Trebeck assured grower shareholders that the company’s supply policy will enable them to supply the majority of the company’s requirements if they so desire. “We expect that participation in the joint venture will augment rather than replace supply from existing grower shareholders. It will also enhance the profitability of Australia’s Oyster Coast Ltd by underwriting supply as we increase sales, as well as by being a profitable investment in its own right,” Mr Trebeck said.

A transcript of the Chairman’s address is available here.

In addition, three new directors were elected to the Board including oyster growers, Warwick Anderson from Wapengo Lake and Pippa Boyton of Merimbula, as well as John Susman, director of Fishtales, an Australian seafood industry agency.

new-directors-john-susman-with-warwick-anderson-and-pippa-boyton

Canberra Airport talks up opportunities for Australia’s Oyster Coast

By | In the news, Latest News | No Comments

Readers of Virgin Airlines in-flight magazine, Voyuer, heard from Canberra Airport’s CEO, Stephen Byron about the airport’s plans to go international this month. While this is good news for holiday makers, Mr Byron was quick to point out that it creates exciting opportunities for freight, including for Australia’s Oyster Coast.  Read the full article here.

Canberra Airport backs Australia’s Oyster Coast

By | In the news, Latest News | No Comments

Australia’s Oyster Coast Ltd continues to attract investment through its prospectus, most recently from Canberra International Airport.

The Chairman of Australia’s Oyster Coast Ltd, David Trebeck, said the prospectus marketing period had been extended to ensure negotiations with potential investors could be completed. “We’re pleased with the broad support our young company is receiving. Investments from major corporations like Canberra International Airport, provide significant opportunities for export and tourism initiatives that can benefit both companies and the region more broadly,” said Mr Trebeck.

This latest news comes on the heels of announcing the appointment of the company’s executive team, who will be based in Batemans Bay and responsible for further developing the company and its oyster markets.

Mark Allsopp has been appointed as the company’s Chief Executive Officer and Craig Smith as Australian Operations Manager.

Mr Allsopp has a strong background in the seafood industry – in Western Australia, New Zealand and South Australia – and has a first class honours degree in science, in aquaculture, and a masters degree in agribusiness. He was most recently CEO of M&J Seafood Pty Ltd, an oyster farmer cooperative in Port Lincoln, which markets oysters to export and domestic markets. He also is food industry development manager with Australia’s Seafood Frontier, the regional tourism and development organisation in Port Lincoln.

“Mark’s knowledge of export markets for oysters, lobsters, mussels, abalone and clams is strong, and he maintains an extensive contact network across the domestic seafood sector,” said Mr Trebeck.

Craig Smith recently commenced with the company as Australian Operations Manager, strengthening the company’s domestic sales capacity and complementing its principal export focus. “There are many opportunities in the domestic market where oysters from Australia’s Oyster Coast are not presently supplied by us or our farmer shareholders. Having a strong domestic brand and market is vital to underpinning export success in Asia, a fact that has been repeatedly emphasised during export marketing visits,” said Mr Trebeck.

Mr Smith brings a wealth of senior management and wholesale and retail sales experience to the role. Prior to joining the company he was General Manager for Wholesale Sales, Australia and New Zealand for the Jaycar electronics group. Earlier, he had helped build the owner/operated Jaycar Stockists business from 30 stores to almost 200 stores throughout Australian, New Zealand and the Pacific.

Commenting on the appointments, Mt Trebeck said he was delighted the company had been able to attract people of the calibre and experience of Mark Allsopp and Craig Smith. “They add considerable horsepower to the company’s marketing efforts and effectiveness, consolidate relationships with the company’s grower shareholders, and strengthen the company’s presence in the region.”

Australia’s Oyster Coast’s new CEO, Mark Allsopp (right) with Australian Operations Manager, Craig Smith

Australia’s Oyster Coast’s new CEO, Mark Allsopp (right) with Australian Operations Manager, Craig Smith

Australia’s Oyster Coast appoints Chief Executive Officer

By | In the news, Latest News | No Comments

The Chairman of Australia’s Oyster Coast Ltd, David Trebeck, has announced the appointment of Mark Allsopp as the company’s Chief Executive Officer.

Commencing on 30 May, Mark will take overall responsibility for the company’s development, operating from Batemans Bay.

Mark is currently CEO of M&J Seafood Pty Ltd, an oyster farmer cooperative in Port Lincoln which exports oysters to Asia and beyond, as well as supplying domestic market outlets. He also is food industry development manager with Australia’s Seafood Frontier, the regional tourism and development organisation in Port Lincoln.

With a first class honours degree in science, a degree in aquaculture and a masters degree in agribusiness, Mark has worked his whole professional life in the seafood industry – in Western Australia, New Zealand and South Australia. He has worked at general manager level and in start-up roles with Cloudy Bay Seafood, Kiwa Oysters and Westralian Seafood Distributors, and with oysters, lobsters, mussels, abalone and clams. His knowledge of export markets for these products is strong, and he maintains an extensive contact network across the domestic seafood sector.

This appointment follows the recent announcement of Craig Smith as the company’s Australian Operations Manager with responsibility to target selective domestic opportunities, as a complement to its principal export focus. Apart from there being many opportunities in the domestic market where oysters from Australia’s Oyster Coast are not presently supplied, having a strong domestic and brand presence is vital to underpinning export success in Asia, a fact that has been repeatedly emphasised during export marketing visits. Craig brings a wealth of experience in senior management and wholesale and retail sales to the role.

Commenting on the appointments, David Trebeck said he was delighted the company had been able to attract people of the calibre and experience of Mark Allsopp and Craig Smith. They would add considerable horsepower to the company’s marketing efforts and effectiveness, consolidate relationships with the company’s grower shareholders, and strengthen the company’s presence in the region.

Australia's Oyster Coast new CEO, Mark Allsopp

Australia’s Oyster Coast new CEO, Mark Allsopp

Australia’s Oyster Coast appoints Australian Operations Manager

By | In the news, Latest News | No Comments

Craig Smith has been appointed as the company’s Australian Operations Manager, following the Board’s decision late last year to expand its activities and selectively target domestic opportunities. While export remains a key focus, the Board considers there are many opportunities for the company where oysters from our region are not supplied. Building a strong domestic brand presence is important to underpinning our success in Asia.

While new to the oyster industry, Craig brings a wealth of senior management experience and skills in wholesale and retail sales. Craig is the former General Manager of Sales Australia & New Zealand for Electus Distribution (Jaycar Wholesale division). Prior to that Craig was Jaycar Electronics Dealer Development Manager for Australia and New Zealand growing the owner/operated Jaycar Stockists business from 30 stores nationally to almost 200 stores throughout Australia, New Zealand and the Pacific region.

Farming and the South Coast is not new to Craig. He grew up in a farming background in south western NSW before moving to Batemans Bay in 1993. Purchasing the Bridge Motel in Batemans Bay enabled Craig to get involved in regional tourism and tours for five years before selling the motel. Craig has also owned his own retail outlets, including Smiths Music & Electronics in Batemans Bay and Ulladulla from 1999 to 2005, before selling to take a national role with the Jaycar Electronics group in Sydney May 2005.

Arriving back at their family home in Batemans Bay in December 2015, Craig and his family are here to stay. Craig will spend an intensive period of time with our oyster farmers over coming weeks before embarking on a targeted strategy for domestic sales growth.

Craig can be contacted at craig.smith@australiasoystercoast.com or by phoning 0477 730377

CSmith - website

Australia’s Oyster Coast extends Prospectus marketing period to 30 April 2016

By | In the news, Latest News | No Comments
Chinese businessman, Mr Weibing Lu; Narooma oyster farmer, David Maidment; and David Trebeck tour oyster leases on Wagonga Inlet

Chinese businessman, Mr Weibing Lu; Narooma oyster farmer, David Maidment; and David Trebeck tour oyster leases on Wagonga Inlet

At the recent Annual General Meeting of Australia’s Oyster Coast Ltd, Chairman David Trebeck, announced that the Board had agreed to extend the marketing period for the company’s Prospectus by two months to 30 April 2016.

The South Coast based company issued 500,000 shares under its Prospectus on 23 December 2015.

Company chairman David Trebeck said Australia’s Oyster Coast Ltd was well on the way to meeting its target of raising $500,000 under the offer.

“There are plenty of investors who share our confidence in the market appetite for our premium oysters. They see the potential for expansion and future profits, especially given the growing consumer demand for high-quality, environmentally-certified produce in China, Hong Kong and Singapore. That’s good news for the future of the company, and for the more than forty local oyster growing businesses who are our suppliers”, said Mr Trebeck.

The offer is being extended to enable prospective shareholders more time to consider the offer.

“The Australian Securities and Investment Commission approved the company Prospectus on Christmas eve. For many prospective investors, particularly on the South Coast, the summer holiday period is their busiest time. We want to ensure that those South Coast businesses or individuals with an interest in the region’s tourism and economic development have adequate time to consider the offer”, said Mr Trebeck.

Through its capital-raising drive, Australia’s Oyster Coast will be able to pursue its market potential and strengthen the oyster industry that sustains the livelihood of oyster growers across the South Coast region.

The Australia’s Oyster Coast prospectus can be downloaded here.

Australia’s Oyster Coast Ltd holds first Annual General Meeting of Shareholders in Narooma

By | In the news, Latest News | No Comments

Chairman David Trebeck delivering his address at the 2015-16 AGMAustralia’s Oyster Coast Ltd held its first annual general meeting of shareholders in Narooma today.

Oyster grower and non-grower shareholders turned out in good numbers to hear the Chairman’s address and to elect a Chairman and Board.

Chairman, David Trebeck, having recently attended an international air freight seminar at Canberra Airport, shared some insights from Federal Trade Minister, Andrew Robb. Minister Robb discussed the importance of connectivity, praising the Canberra International Airport agreement with Singapore Airlines and noting that where air flights led, trade followed. Minister Robb had also reported the ‘spectacular’ reputation enjoyed by Australian agricultural products in Asia and highlighted recent OECD forecasts that the present 600 million middle class population residing between India and China is expected to grow to 3 billion over the next 35 years, which will result in unprecedented food demand implications.

Mr Trebeck told shareholders that the facts and figures quoted graphically underscore the relevance of the Australia’s Oyster Coast business model, which should give all shareholders confidence that the company is on the right track.

Mr Trebeck reported that many lessons had been learnt in the past year – most of them positive.

Export sales volumes had been slower to build up than anticipated as markets the company is targeting, while enormous by Australian standards, are mature, sophisticated and competitive. Mr Trebeck advised that adjustments had been made to the business model and price position, that the company better understands the markets where ‘our oysters fit best’ and had developed some good distributors and customers. He expected the company’s export sales would ramp up significantly in the near term but conceded it was difficult to say exactly when this would occur and by how much.

Mr Trebeck shared an interesting insight regarding the importance overseas customers place on the brand’s visibility and recognition in its home market. He advised shareholders that the company needed to be selling oysters and promoting its brand in the domestic market and that the relevance and importance of the Oyster Trail tourism initiative ‘could not be over emphasised’. He added that the Board had recently signed off on a domestic strategy that would be progressively implemented to capture domestic sales opportunities that didn’t compete with the company’s individual shareholders.

The company’s financial results were tabled covering two months of operation to the end of the 2014-15 financial year and revealed a $76,000 loss which was consistent with earlier projections and reflected the reality of establishing a new venture. Mr Trebeck advised that the priority now is to increase revenue and confirmed that the Board’s earlier indication of of getting to a cash break even by the end of the 2015-16 financial year remains a key objective.

All Board members stood for re-election, with the exception of Stacey Loftus, who is expecting her third child imminently. All were re-elected and Clyde River farmer, Steve Feletti, was also elected to the Board. The Chairman thanked Mrs Loftus for her significant contribution.

Read the full transcript of the Chairman’s address here.

Oysters centre stage at Canberra Region International Freight Symposium

By | AOC Events, In the news | No Comments

Oysters were on everyone’s mind last week when Australia’s Oyster Coast Director and Narooma Oyster farmer, David Maidment, shared the stage with Federal Trade Minister Andrew Robb and ACT Chief Minister Andrew Barr at the Canberra Region International Freight Symposium on 12 February 2016.

The forum was designed to bring together small to large operators and government to discuss the Canberra Region’s readiness to embrace international trade and the subsequent opportunities for economic development. The forum was well attended by producers, manufacturers, potential exporters, decision makers, government officials, freight industry representatives and companies interested in exporting quality, innovative products and services from Canberra to Asia via air.

David Maidment talked about the opportunities in Asia for smaller regional producer/export operators like Australia’s Oyster Coast and shared some of the company’s experiences and challenges to date. See David Maidment’s presentation here

Federal Trade Minister Andrew Robb

Australia’s Oyster Coast Ltd’s share offer attracts global interest

By | In the news, Latest News | No Comments
Chinese businessman, Mr Weibing Lu; Narooma oyster farmer, David Maidment; and David Trebeck tour oyster leases on Wagonga Inlet

Chinese businessman, Mr Weibing Lu; Narooma oyster farmer, David Maidment; and David Trebeck tour oyster leases on Wagonga Inlet

Investors from China, Europe and around Australia have jumped on-board the opportunity to purchase shares in Australia’s Oyster Coast.

The South Coast based company publicly announced the issue of 500,000 shares only a few weeks ago, when it launched its Prospectus on 12 January.

Company chairman David Trebeck said Australia’s Oyster Coast Ltd was well on the way to meeting its target of raising $500,000 under the offer. “This shows that there are plenty of investors who share our confidence in the market appetite for our premium oysters. “They see the potential for expansion and future profits, especially given the growing consumer demand for high-quality, environmentally-certified produce in China, Hong Kong and Singapore.” “That’s good news for the future of the company, and for the more than forty local oyster growing businesses who are our suppliers.”

Only last weekend, Australia’s Oyster Coast hosted an important business visitor from China who will be sourcing significant quantities to meet the demand from exclusive customers in Guangzhou.

But according to David Trebeck, exports into Asia are only one part of the story. The company is also pushing ahead to promote the brand domestically and boost sales in the Australian market. “This will support our ability to pay premium farm gate prices to our grower shareholders”, said Mr Trebeck.

Meanwhile, Australia’s Oyster Coast Trail is helping put the South Coast on the gourmet traveller’s map. Oyster-driven tourism is already delivering visitors to the region, bringing broader benefits for local businesses.

Chinese businessman, Mr Weibing Lu inspects some plump Angasi oysters on David Maidment’s Wagonga Inlet oyster lease

David Trebeck says “There’s still an opportunity for South Coast businesses or individuals with an interest in the region’s tourism and economic development to invest in Australia’s Oyster Coast Ltd.” But that window is only open until the end of February, when the share offer closes.

Through its capital-raising drive, Australia’s Oyster Coast will be able to pursue its market potential and strengthen the oyster industry that sustains the livelihood of oyster growers across the South Coast region.

The Australia’s Oyster Coast prospectus can be downloaded here.