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CSS clean seas seafood limited

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Ann: September Quarter Cash Flow Report and Business Update, page-6

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Surandy70

12,397 Posts.

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02/11/15

22:19

Post #: 16312247
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Originally posted by billybunta87 ↑

In the last presentation they stated 3000 tonne pa from here on out, Q1 FY16 only sells 322 tonne with company now expecting 2000 tonne for FY16. Their forecasting methods are horrible. I do like what this company is doing, but until management gets their act together and starts putting some runs on the board I will be sitting on the sidelines.

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From the 2015 AGM presentation released on 14/10/15:

Sales Update
• 92% increase in sales from 571 tonnes in FY14 to 1,098 tonnes in FY15
• Following achieving Q1FY16 sales of 322 tonnes, our current weekly rate is 30 tonnes and extra effort is under way
• Immediate plans are to expand sales to approximately 2,000 tonnes in FY16 and then further increase to 3,000 tonnes over subsequent years

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CSS Price at posting: 5.6¢ Sentiment: Hold Disclosure: Held
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Ann: September Quarter Cash Flow Report and Business Update, page-6

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