Yes, it's been a long story. In truth longer than I had thought it would be some 7 or 8 years ago. I have never lost faith though. It has been a great learning experience (probably for the Directors as much as us). They did it right though. In that time an awful lot of prospective bio companies have come and gone. CST have done a superb job of navigating all the way from the lab bench to commercialisation. Importantly, for us, they have done it without selling the farm and with an absolute minimum of shareholder dilution.
I remain extremely happy to be a CST shareholder. I like being a small part of this business. I have no intention of selling my shares - ever. I'll leave that to the executor of my estate - hopefully a long long time away.
Whilst my faith in the business of CST is now being vindicated by growing profits and dividends, I note that the Share Price has jumped in recent times. I presume that other market participants are starting to note our little gem. I would imagine we wouldn't be far from being included in the ASX300. The ASX200 is quite conceivable also in the not so distant future.
I'm excited about seeing this years sales and profit. You would think we will get a Profit Guidance before too long.
And don't forget - we only have about 2.5% of our potential market so far. Even if we were to only ever achieve 25% of our market then CST would be an enormously successful company.
CST Price at posting:
$2.98 Sentiment: LT Buy Disclosure: Held
