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0.2¢ new zealand coastal seafoods limited

Market cap is 40. But yes you are correct

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Mattlewy13

1,112 Posts.

427

30/08/20

11:42

Post #: 46928222
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Originally posted by DoubleL: ↑

When others are fearful be greedy!

The annual report is what I would expect going by past announcements and we were aware of the cost of acquisition.

The acquisition is a normal accounting loss and doesn’t represent any real losses to the business. It’s an asset and companies grow through acquisition.

I see a lot of potential for NZS with a market cap of only $27m.

They’re in a business that will enable them to win multiple contracts for their products in multiple regions around the world. Contract wins help to lift the value of the company and share price.

I believe we can more than double our investment at these prices so a long term hold for me.

Looking forward to the next contract win and going by wins since the annual report we may soon be profitable.

Any sign of weakness and I will go all in and soak up loose hands just like the big firms have been doing - they are not stupid.

Good luck for tomorrow holders.

DYOR

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Market cap is 40. But yes you are correct

NZS Price at posting: 5.5¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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