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24.0¢ clean seas seafood limited

Shareholders should be seeing dividends flowing very soon and...

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21/04/22

15:24

Post #: 60953236
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Originally posted by fyffee: ↑

So a quick calculation of what the share price should reasonably be:
based on 164,864,000 shares on issue:

production: 3,700,000kg of fish
price per kg: $17/kg
cost of production: $9/kg
overheads, incl D&A: $4/kg
net margin per kg: $4/kg
net earnings pa: $14,800,000 pa
net earnings per share: 9.0 c/share
PE multiple: 12
price per share: $1.08

if production and sales rise to 4,500 tonnes per annum, then net earnings rise to $18m pa, so earnings per share rises to 10.9c/share, so the share price target should be around $1.31. This company is about 45% undervalued at current production and revenue levels.

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Shareholders should be seeing dividends flowing very soon and consequent better recognition in the market.

CSS Price at posting: 60.3¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 24.0¢		Change 0.000(0.00%)		Mkt cap ! $48.31M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Buyers (Bids)

No.	Vol.	Price($)
3	61946	24.0¢

Sellers (Offers)

Price($)	Vol.	No.
24.5¢	4465	1

View Market Depth

No.	Vol.	Price($)
3	61946	0.240
4	117939	0.235
2	14000	0.210
1	1500	0.200
1	9768	0.180

Price($)	Vol.	No.
0.245	4465	1
0.250	5650	3
0.255	11996	2
0.265	2000	1
0.270	21696	3

Last trade - 16.12pm 13/05/2024 (20 minute delay)


Last 24.0¢			Change 0.000 ( 2.04 %)
Open	High		Low	Volume
24.5¢	24.5¢		24.0¢	2455
Last updated 15.40pm 13/05/2024 ?

CSS (ASX) Chart

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