Revenue is up big YoY but is down QoQ. Fish feed costs down considerably which I take as a sign of inventory reduction and lower fish meal prices. They are ahead of what I projected they would do for cash flow, but to be honest, I was expecting QoQ top line improvement and certainly not decline. I am not sure what happened there- not pleased.
Also, fellas, relax, that not NET outflows, it's gross. I am projecting they will be 3-4m cashflow negative next quarter. Quarters 4 and 1 will be positive, as the cyclical nature of fish growth turns the other way.
Revenue is up big YoY but is down QoQ. Fish feed costs down...
Add to My Watchlist
What is My Watchlist?