CSS clean seas seafood limited

Ann: Investor Presentation and Outlook, page-6

  1. 3,411 Posts.
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    I bought CSS yesterday after putting the stock out to pasture many years ago before the share price really went south.

    I has a very quick look at the metrics and decided to take the plunge.

    It's has positive operating cashflows,
    Strong demand for Kingfish growing at a CARG of 28%
    Forecasting record sales volume
    Reduced production costs
    Sustainable and environmentally friendly.
    Highly awarded and on the menue of more than 200 Michelin star restaurants.
    $3.2 m in debt and $13.7m in cash.
    CSS has the scale , market reach , balance sheet and available licence capacity to deliver on its goal of a three fold increase in production in the near term. ( based on their previous comments I assume it will be profitable)
    May YTD FY22 records sales volumes +21% and revenue + 37%
    Undrawn cash facilities $40m
    Revenue per kg $19.03 vs $17.19 pre pandemic.
    TRG has had a good ride after some overseas interest who knows what is next

    Yesterdays price aberration seemed to appealed to me so I decided to take the plunge and see what happens.

    DYOR



 
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