CSS clean seas seafood limited

Ann: Kidder Williams to advise on strategic and growth options, page-4

  1. 1,189 Posts.
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    How wonderful, another strategic review, and the beginnings of yet another 5-year plan no doubt. Tarvold will surely be aroused at the prospect of another "strategic pivot"

    It is a pity Timber is no longer with us. Given that almost all his predictions over a last decade regarding CSS came to fruition, he was clearly the only member that understood this stock well. Pity he was hounded away by the rose-coloured glasses brigade. Here is just one of many of his calls from last year (there are many other examples):

    Anyway, as I've said previously the SP will sink and stay below 80c. Better off waiting this out until more attractive prices present themselves. Silly to invest now. Ill come back when this time approaches.

    I do believe this dog might have its day, but that won't happen until they can get costs down far more than they have. Each day is one step closer to the next illness outbreak, so they need to start focusing on generating profits and building a capital buffer, rather than continuing to increase biomass that they will struggle to sell. Until that time, I'm staying out.
 
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