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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Open | High | Low | Value | Volume |
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Price($) | Vol. | No. |
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2 | 6000 | 0.875 |
3 | 49200 | 0.870 |
1 | 2800 | 0.865 |
2 | 34345 | 0.860 |
Price($) | Vol. | No. |
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0.920 | 12084 | 2 |
0.925 | 60000 | 2 |
0.930 | 10000 | 1 |
0.945 | 5811 | 1 |
0.950 | 68 | 1 |
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