CSS 2.63% 18.5¢ clean seas seafood limited

I am curious about this comment - how would the new freezer...

  1. 173 Posts.
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    I am curious about this comment - how would the new freezer result in such a reduction in shipping costs? Anyone got any ideas?

    I am assuming that the liquid nitrogen could get to a lower temperature than conventional freezing - so maybe they can pack and transport the fish via a simpler (and cheaper) method, than a normal refrigerated container that they'd otherwise have to use?

    Re: the comments about dividends for CSS - I think you have the wrong Co. if you want divvies IMO.

    The Co. has only just steadied itself - we were nearly broke only a few years back. We have now started to vertically integrate with the Factory and are gearing up to expand after the cap. raise. So now we have to get the Factory working optimally and get the expansion completed and profitable. After that, the expansion will need to be fine-tuned to get it working well and I'm sure Management have probably got a few more ideas they're tossing around, in order to keep bringing in the $ - increase revenue, improve margins, etc. There's probably a fair bit of opportunity in the distribution-side too - Beston didn't work out too well and China would be a great market to get deeply into.

    If there is spare cash floating around after a few years time, I would rather we get the Blue Fin Tuna R&D program back underway, than get a divvy. Don't get me wrong - I like divvies a lot and have focused on buying divvy-paying stocks in the last couple years. But CSS? Doesn't seem likely IMO and TBH I hope not.
    Last edited by asparagii: 14/12/17
 
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