CSS 2.63% 18.5¢ clean seas seafood limited

Ann: Clean Seas Q2 Sales Increase 23% Over Prior Year, page-4

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  1. 1,232 Posts.
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    Tooheys8, the co. went backwards the past Q too. The cf report reads neg. with only 1.2M in bank.

    They'll have to draw down on the trade finance facilities which will eat into margins. 

    I've been saying this for a while now but they'll need to do a CR in order to strengthen the bal. sheet. 

    It would be better to sit on the sidelines for now.
 
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