The annual report for COZ is due out this coming week, I think next Friday. This is first real indication of how the company has managed (or not) to improve on Seafarms prawn production. Lets hope the operation has run at a profit over the past 9 months since acquisition, but clearly any improvement will most likely take more time to be fully reflected in profitability.
If we compare COZ share price with CSS in the lead up to annual reporting, there was a period immediately before CSS reported that the share price moved down, possibly as a result of some uncertainty in how the report would read. Perhaps COZ share price over the past week has moved in similar fashion to CSS, and only after reporting will the share price move upwards again - of course provided the report reads well. AND if it does demonstrate similar revenue and outlook as CSS then COZ should move upwards in the range of 10 - 15 cents. Maybe.
COZ Price at posting:
7.4¢ Sentiment: Buy Disclosure: Held
