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29/06/22
19:57
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Originally posted by Buzzm:
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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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Just looking at Japan "In southern Japan, approximately 180,000 tons per annum of the three principal species of Kingfish are farmed. Seriloa lalandi – the species produced in Australia – is purse seined as juveniles in the South China Sea and are then transported to southern Japan for grow-out. The farmed Japanese Kingfish are then sold into the sashimi and fine-dining restaurant markets. Research shows that the Yellowtail Kingfish is ideal for mariculture programs because it is robust and hardy, fast-growing and, most importantly, tastes great ." Fully agree with it tastes great. The 180,000 tons PA bit is clearly a bit over our market cap! Grow or be consumed?