well that's actually just for the half year, so if they can continue to turn a profit this half then the PE will be 6-8 one would think. And they have $25 mill in cash or thereabouts, as the payout from Skretting is not included in end of year accounts (only received 16th January). So with a market cap of only $61 mill, $49 mill of fish in the sea, growing earnings and cash in the bank, yes I agree it is a very good buy at these prices. Only minor concern short term is coronavirus, as a lot of this fish is sold to restaurants and that segment may be hard hit this year. But with ability to snap freeze and store medium term, any short term disruption in markets should not cause long term problems. My feeling is that people will be nervous about going out and travelling this year, and by the end of the year will be resolved to just get on with their lives as previous. Just my hunch though...
CSS Price at posting:
66.0¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)