The financials don't concern me, of course it helps when you are...

The financials don't concern me, of course it helps when you are free carried.

The high growth in prior years was from a very low base due to the decimation of their stock of fish due to the taurine deficiency, which is the subject of litigation against the feed supplier.

So the slow down in growth was always expected. It serves a twofold purpose, it caps high input costs in the expansion of production to keep cashflow expenditure within available cash limits and secondly it keeps a floor under the product pricing.

So basically we can only feed the fish we can afford to grow, too much growth and we run out of money to buy the feed so fish growth or health is impacted.

If supply outstrips demand then the sale price comes down, the market then expects lower pricing that then makes it harder to raise prices later.