NZS 0.00% 0.2¢ new zealand coastal seafoods limited

While SMB is a ling maw contract and not the neutraceutical...

  1. 107 Posts.
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    While SMB is a ling maw contract and not the neutraceutical where the growth will be, it was a solid revenue foundation while that side of the business ramps up. The contract was also a big reason as to why this stock flew off the handle from 1c. This may soften our upcoming quarterly significantly, so I'm not expecting much upwards movement this month (unless a positive ANN). Without this cashflow supporting the business, I believe this has made the stock alot more speculative than it was.

    However the money isn't in ling maw long term and I'm hoping long term this is just a hiccup. I'm in accumulation mode now. I'll pick my parcels and back Aldo and the team because I believe in the neutraceutical side of business and believe they are in a position post-CR to deliver in spades.

    Disclosure: I've been in since a cent and have taken a lot of profits. I no longer have the large position I had but see a possible opportunity to change that.
 
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