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0.2¢ new zealand coastal seafoods limited

4c fair value ($30M), 8c short term target ($60M), page-771

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dk2706

51 Posts.

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28/07/20

22:36

Post #: 46136754
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Originally posted by fareki: ↑

Honestly its a major test before entering any sub $50M market cap company - how their reports read and if management can get back to you within 24 hours of a query/email/call. Within 24 hours you gain the knowledge of how much a company cares about their shareholders/what priority they place on maximizing shareholder value. Which is where executives like Aldo Miccio holding 50M shares is important - directors who dont hold skin in the company are worrying, they couldn't care less as to how a quarterly is read or constructed.

I have had 3-4 emails with Aldo Miccio, all responded within 12 hours even across weekends, another poster has had a call with him which is transcribed in earlier pages of this thread AND CEO Andrew Peti has taken two posters here on a warehouse/facility tour over in Christchurch. This in combination with how reports read, I would say management pass with flying colors.

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Yep agree, I tried my luck today to email Aldo today to ask when we can expect the 4C. He replied within 1 hour with the following: "Unfortunately all i can say at this stage is that the Quartelry will be released on or before the 31st of July."

Kind of expected but pretty impressed with how fast he responds.

NZS Price at posting: 2.5¢ Sentiment: Buy Disclosure: Held
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