CSS 2.63% 18.5¢ clean seas seafood limited

Disappointing price, page-2

  1. 955 Posts.
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    There is a lot of uncertainty as to what profit CSS will make this year just due to the nature of aquaculture & biomass growths etc.
    I see CSS in a great postion to close to double it's sp from this level over the next 2-3 years as sales & production ramp up but a lot depends on the earnings this year IMO.
    This year IMO is the critical year as a benchmark as from now onwards there is a lot of leverage to increase earnings going forward with very little outlay from the upper gulf site.
    CSS have clearly laid out their expansion plans & target to 2021 which is funded from current resources.

    I personally will wait to see the FY results & reassess from then. It's also worth noting that CSS will be very well protected from any downward tur.n in the Australian economy & although it is still a risky investment it is in a defensive sector. For those reasons i wouldn't sell now
 
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18.5¢
Change
-0.005(2.63%)
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19.0¢ 19.0¢ 18.5¢ $2.812K 15.00K

Buyers (Bids)

No. Vol. Price($)
4 233664 18.0¢
 

Sellers (Offers)

Price($) Vol. No.
20.0¢ 10000 1
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