This has run up way too much.
Company itself has acknowledged earnings will be well below 2019 levels till 2022 perhaps, and we're running at 2019 prices.
No tangible growth is materializing with consumption still heavily down due to lower restaurant consumption, all in a lack of tailwinds compared to late 2019, and market is going to be constrained with frozen fish waiting to be pumped in from Japan and CSS itself.
I think CSS is full priced and will at best stay flat till 2022 now if not track down towards low 70's.
I'm out of this now, Good luck to remaining holders, going to reallocate to more underpiced aquaculture stocks.
All IMO. DYOR.
This has run up way too much. Company itself has acknowledged...
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Last
19.0¢ |
Change
0.013(7.04%) |
Mkt cap ! $38.24M | |||
| Open | High | Low | Value | Volume |
| 17.5¢ | 19.0¢ | 17.5¢ | $14.11K | 80.40K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 99803 | 17.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 19.0¢ | 70576 | 2 |
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| Last trade - 16.10pm 06/08/2024 (20 minute delay) ? |
| CSS (ASX) Chart |