CSS 0.00% 17.0¢ clean seas seafood limited

great announcement, page-18

  1. 758 Posts.
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    Paprika, i agree with your last comment regarding high multiples based on personality of a stock. I do however feel now that CSS has gone from a 30 odd million loss (with write downs) about 12 mill operationally, to 4 mill loss, to decent production. If they make a profit this year with 200,000 fingerlings, 1% mortality, 4kg fish and a 14.50 per kg gate price.
    How do you think it will go with 600,000 fingerlings all others being equal? Costs may rise slightly as alot of the infrastructure already exists from the SBT.

    I feel the personality factor will really kick in when we get some success with SBT. We currently are the only ones in the world hatching YTK on land and transferring to sea. Same with the Tuna. They have already done it, just the timing was off and they didn't have the cash to continue to get it right.

    This stock is a complete winner IMHO. I'm in long term with a decent package of stock.
 
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