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
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1 | 11037 | 0.180 |
1 | 3335 | 0.150 |
Price($) | Vol. | No. |
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0.250 | 5650 | 3 |
0.255 | 11996 | 2 |
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Change
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