good to reread the investor presentation in April 2019 (an updated one coming). few key takeouts : - capital investment still running at few mill per year as they are expanding operations - new more efficient 4000tonne hatchery opening early FY2020 - automated feed will bring significant savings in feed cost from FY2021 onwards - investment in biomass is at record highs and growing year on year with sales - anticipated to be operationally profitable including investment in biomass from FY2021 (currently profitable but investment in fish showing pressure on cashflow - mgt recently reiterated financing facilities in place to keep funding growth. - NTA over $70m
CSS Price at posting:
80.5¢ Sentiment: Buy Disclosure: Held
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