No nasty surprises for me, which is good. There were a few things that piqued my interest, and good to see they are splitting up the biomass, it will help later on to provide more accurate (linear) expectations
Interesting tidbit in post-report activities on P1. While there's no confirmation that the DA went through, the expectation is to commence digging out the ponds basically now ('end of sept 17') and they will be fit for stocking in June, so 8 months or so for pond construction and preptime. It will be interesting to see - when the upscaling begins in earnest - how much they can shave off this figure
I can't remember the page number, but I do recall a small paragraph about the company's sale of either larvae or fingerlings to various Aus governments to restock the waterways. I hadn't seen much about that in the past, but it's a great move, and its benefits for the company far surpass any monetary gain we might get out of it.
I recall some interesting commentary around an expectation of signing export agreements in H1 2018. Given that they have already knocked back a 500 ton order from Asia, an export agreement could very easily take up every fish they have in their ponds that isn't already needed for domestic supply - at least during this period of infancy of the company. An agreement of that nature would certainly lift the SP in a big way overnight.
Still not holding,
@RollaCoaster? I would say that this company's markers are very predictable, as the business model telegraphs its punches a long way from point of sale. However, announcements should have a significant impact on expectation, and thus SP, and the timing of announcements is not something we can easily predict. Don't wait too long to enter, or you could miss the 6's and 7's altogether
Anything you didn't like in the report?
Disclaimer: Just my opinion, one should always suss out a company for themselves
(20min delay)