MCA are a coiled spring waiting to go mental. They are working through a significant growth phase generating good economies of scale and are constantly announcing more efficient production methods in their current set-up.
They have had a good result last half-yearly despite having their exports completely mangled from Covid and being in this intensive growth period. At some point, they will have the throughput and normalised international trade to meet a large, ongoing order from an Asian Hotel chain (or whatever) and this will soar to over $1.00 pretty quickly. From there it will just be a step-up process as ongoing contracts are landed.
Aquaculture is a pretty volatile business to be in with the prevalence of sharp shocks, but the roadmap on this baby looks otherwise bombproof.
MCA Price at posting:
24.5¢ Sentiment: Buy Disclosure: Held
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