There is a lot of uncertainty as to what profit CSS will make this year just due to the nature of aquaculture & biomass growths etc. I see CSS in a great postion to close to double it's sp from this level over the next 2-3 years as sales & production ramp up but a lot depends on the earnings this year IMO. This year IMO is the critical year as a benchmark as from now onwards there is a lot of leverage to increase earnings going forward with very little outlay from the upper gulf site. CSS have clearly laid out their expansion plans & target to 2021 which is funded from current resources.
I personally will wait to see the FY results & reassess from then. It's also worth noting that CSS will be very well protected from any downward tur.n in the Australian economy & although it is still a risky investment it is in a defensive sector. For those reasons i wouldn't sell now
CSS Price at posting:
99.0¢ Sentiment: Buy Disclosure: Held
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