CSS - Clean Seas Seafood

[Basilica]

Re: CSS - Clean Seas Tuna

Hi Basilica,

the arrows appear on the day/ at the instant when the price closes above the latest Low (for green "Buy") or below the latest High (for red "Stop") of the respective Volatility Envelope. These envelopes can be parameter-controlled, depending on how much risk I'm prepared to accept. In the example, I use my standard acceptance of 1 1/2 days, which means I accept the risk that a price move of 1.5 average daily trading ranges goes "against me". Once a strong trend is established, I increase the tolerance to 2 or 3 days; or I may even switch to a weekly chart and stay calm for a week or two.

A more in-depth description is found here: http://rettmer.com.au/TrinityHome/Helps/cTrinityDuo.htm

Thanks pixel, The 4 blue arrows are sweet times to buy. I checked out the link but was confronted with unknown lingo. I think the arrows are preconfigered trigger points based on your risk/reward/quality sleep time factors. Thanks for the info, i have much learning to do

 

[nizora]

Re: CSS - Clean Seas Tuna

23 January 2014

Company Announcement

CLEAN SEAS TUNA LIMITED (ASX: CSS) OPERATIONS AND PROFIT UPDATE

"Production Expansion on Track
The Company is pleased to advise that the strategy to expand Yellowtail Kingfish production
to 1,500 tonnes per annum is proceeding to plan, with biological growth and survival
positively exceeding plan. Based on current performance, the Company is clearly on track to
deliver on its previously advised production targets to achieve our improved sales and
profitability by 2015. "

"Anticipated 1st Half FY2014 Results
In November 2013, the Company advised the market that, including the $6.157million R&D
tax rebate, after tax profit was expected to be in the range $1.5million to $3.0million for the
1st Half FY2014.

Based upon the combined impacts of solid fish performance, strong survival, productivity
improvements and sales growth outlined above, the Company now expects that, including
the $6.157million R&D tax rebate, after tax profit will be in the range $3.6million to
$4.1million for the 1st Half FY2014.

We expect to release our results for the first six months once finalised in the week ending
21st February 2014."

 

[nizora]

Re: CSS - Clean Seas Tuna

23 January 2014

Company Announcement

We expect to release our results for the first six months once finalised in the week ending
21st February 2014."

​21 February 2014

Company Announcement

Australian Securities Exchange Limited



CLEAN SEAS TUNA LIMITED (ASX: CSS): HALF YEAR FINANCIAL RESULTS
Results Overview

Clean Seas Tuna Ltd (“Clean Seas”) is pleased to announce an after tax profit of $4.004 million for
the 6 months ended 31st December 2013, which includes a $6.157 R&D tax rebate previously
advised to the market.

Yellowtail Kingfish grow more rapidly in the warm waters of the summer season, during the second
half of the financial year, and have a naturally lower growth rate in the cooler first six months of the
financial year. As a result, the Company’s financial performance is seasonal, with second half
performance traditionally exceeding profitability in the first half of the financial year. Accordingly
the substantial 56% improvement from underlying operations achieved in this first half (Loss: $1.933
million) compared to the previous corresponding period (Loss: $4.373 million) reflects an
exceptional improvement in sustainable biological performance.

Expansion Confidence

We expect current biological gains to continue to underpin the Company’s future performance as we
profitably and sustainably expand production to meet growing global demand. This, together with
our improved current period results, provide the Company’s Directors and Management with a
heightened degree of confidence that we are ahead of our expectations to deliver underlying
operational profitability.

This confidence in our progress towards rebuilding a profitable Yellowtail Kingfish business is
strengthened by improved feed and risk management practices leading to:

• A reduction in mortalities to historically low levels;
• An improvement in growth rates, returning to normal levels and a consequential
improvement in feed conversion ratios;
• A return to robust health and appearance reflected in excellent farmgate prices exceeding
$14.00/kg;
• Encouraging performance of this season’s juveniles bred from selected broodstock raised in
the Company’s Yellowtail Kingfish selective breeding program; and
• An earlier stocking of our fingerlings leading to an accelerated growth, supporting our return
to 1500 tonne production per annum


Solid Cash Position

Following a successful Share Purchase Plan (closing in December 2013), the Company’s cash position
as at December 31, 2013 ($16.1 million) lays an important and pivotal foundation to support the
successful execution of the Company’s planned Yellowtail Kingfish expansion to harvest 1,500
tonnes.

Continued Fish Performance Improvement
Kingfish biomass growth and fish survival are exceeding our budgets, forecasts and previous
historical fish performance.

Over the next six months we will work diligently to continue to deliver fish performance well above
our budget. We have begun increasing our monthly sales tonnages and will continue to do so up to
February 2015, when we will reach our initial monthly sale target, achieving the equivalent of 1500
tonnes of sales per annum.

The figures set out below illustrate how our fish performance is well ahead of our budget. Figure 1
shows the monthly performance with higher seasonal growth rates shown in the Summer months.
Actual performance year to date is significantly ahead of our budget at the start of the year. Our
revised forecast for the remainder of the year sees this trend continuing. Figure 2 below shows
cumulative performance year to date against budget.
Solid Cash Position

Following a successful Share Purchase Plan (closing in December 2013), the Company’s cash position
as at December 31, 2013 ($16.1 million) lays an important and pivotal foundation to support the
successful execution of the Company’s planned Yellowtail Kingfish expansion to harvest 1,500
tonnes.

Continued Fish Performance Improvement
Kingfish biomass growth and fish survival are exceeding our budgets, forecasts and previous
historical fish performance.

Over the next six months we will work diligently to continue to deliver fish performance well above
our budget. We have begun increasing our monthly sales tonnages and will continue to do so up to
February 2015, when we will reach our initial monthly sale target, achieving the equivalent of 1500
tonnes of sales per annum.

The figures set out below illustrate how our fish performance is well ahead of our budget. Figure 1
shows the monthly performance with higher seasonal growth rates shown in the Summer months.
Actual performance year to date is significantly ahead of our budget at the start of the year. Our
revised forecast for the remainder of the year sees this trend continuing.

Anticipated FY2014 Results

As earlier outlined, the Company’s earnings are seasonal. Higher earnings are generally recorded in
the second half of each financial year, due to higher Summer and Autumn fish growth rates, when
warmer seawater temperatures deliver improved growing conditions.

Having regard to progress to date, the Board continues to be optimistic that with a continuation of
the solid first half fish performance for the balance of this financial year, the Company could achieve
full year underlying profitability some 12 months ahead of our previous FY2015 expectations. That
said, the Board reiterates and acknowledges that the inherent operational risks in aquaculture can
very clearly impact upon this outcome.

The Board will continue to keep the market informed of fish performance outcomes over the key
summer growing months ahead of us.

As previously advised, the full year FY2014 statutory results will include the $6.157million R&D
rebate received in October 2013, and an allowance for an additional smaller R&D rebate claim for
2014. The anticipated R&D rebate for 2014 will be included in the current year results now that the
Company has formalised its R&D accounting and with turnover continuing below $20 million.

The FY2014 results are also expected to include an abnormal non-cash income item arising from a
$3.9million credit for deferred income. This deferred income is expected to arise on completion of
reporting and other obligations in relation to an AusIndustry grant received in respect of the
establishment of its Southern Bluefin Tuna program, the costs of which were written off in 1st Half
FY2013.

The Company is pleased to continue to deliver performance above expectations and is focussed on
its ongoing Yellowtail Kingfish performance, maintaining premium market returns as well as key
underlying development strategies. The Board remains confident of its continuing progress against
those objectives.

Planning has also begun for continued expansion of our Yelllowtail Kingfish business beyond 1500
tonnes per annum, towards our next target of 3,000 tonnes per annum. The Company is mindful of
the need to be market driven to ensure we continue to achieve premium pricing for our premium
product. The Company is beginning the process to step up our marketing efforts to support
expansion of consumer and market demand for premium Yellowtail Kingfish.

 

[pixel]

Re: CSS - Clean Seas Tuna

Either some buyers "know something" about the next Financial report, or the Market is speculating it'll be good.



I'll go into the weekend with a nice profit: in part "real", and some of it "paper", i.e. yet to be realised.

 

[pixel]

Re: CSS - Clean Seas Tuna

A month of sideways movement, including some more "realised" profit, the break alert I had maintained for CSS finally fired two days ago. Today, they released the long-awaited Financials; and the Market liked the results. http://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=01542863

Why shouldn't it: A solid profit after a big loss the previous year; and an NTA that has improved by more than 33%. Those are "good" results in anyone's language.
So I bought on the way up, waited for signs of an Intraday resistance, and took part profit at 6.7c. Still holding some over the weekend in expectation (hope?) of more upside.

 

[tge oracle]

Re: CSS - Clean Seas Tuna

I didn’t think I would find myself writing any more comments on CSS as I thought they would not garner enough support for a capital raising, to my amazement, they were successful in raising enough funds to re-start the YTK business. I could never understand why they abandoned YTK in the early years, I have long contended, that they should build this valuable product into a profitable business before committing large sums of funds to the SBT project.
Friday’s full year accounts were enough for me to accept that they are fully committed to establishing a viable YTK business. As such, I have re-invested in CSS ( something I never thought I would do again ). There is a huge potential market for YTK, particularly, the farmed product which is considered to be superior in taste and quality to the wild caught fish. CSS is the only major YTK aquaculture producer outside of Japan and have a very niche market and product. There is a lot of focus on the Chinese market for their YTK but, the truth is , YTK is popular throughout the world, particularly, in Sashimi and Sushi restaurants.
In regards to SBT, they should only re-start this project after the YTK business has been grown to capacity and, only then, on a small research scale. They should investigate the water temperature issues affecting SBT and look to other husbandry and growout options. Additionally, the involvement of a partner like Kinki University should be sought to assist with this project. As with farmed YTK, Kinki’s farmed BFT are highly regarded in Japan.

I can see many positives in the CSS story and believe they are now on the right track, namely:

1. The entity is profitable.
2. No debt.
3. Niche product.
4. Little or no competition.
5. Huge potential market.
6. Health benefits of YTK ( high Omega3 content )
7. Success in achieving high growth rates.
8. Low mortality rates.
9. CSS have a vision and plan for future growth.
10. Good Management.
11. Strong and supportive investor base.
12. Market Cap ( $72M ) makes for a compelling investment. TGR is currently $560M. I can see no reason why CSS can’t build their business into a substantially larger entity than it’s current scale.
13. Potential for a future partner, hopefully Kinki ,to assist with SBT project.


Disc- Reinvested in CSS ( substantial ) for long term. Invested in TGR. Opinion only, DYOR.

 

[nizora]

Re: CSS - Clean Seas Tuna

I can see many positives in the CSS story and believe they are now on the right track, namely:

1. The entity is profitable.
2. No debt.
3. Niche product.
4. Little or no competition.
5. Huge potential market.
6. Health benefits of YTK ( high Omega3 content )
7. Success in achieving high growth rates.
8. Low mortality rates.
9. CSS have a vision and plan for future growth.
10. Good Management.
11. Strong and supportive investor base.
12. Market Cap ( $72M ) makes for a compelling investment. TGR is currently $560M. I can see no reason why CSS can’t build their business into a substantially larger entity than it’s current scale.
13. Potential for a future partner, hopefully Kinki ,to assist with SBT project.


Disc- Reinvested in CSS ( substantial ) for long term. Invested in TGR. Opinion only, DYOR.

Some encouraging news, albeit a wee bit late :

http://www.smh.com.au/business/clea...al-partner-20140817-1050j7.html#ixzz3AhJV3ypX

 

[pixel]

Re: CSS - Clean Seas Tuna

it may have taken a while longer than expected, and after trading some swings, I nearly missed today's breakout.
Some one seems very keen to buy a large stake.



but no announcement yet.

 

[nizora]

Re: CSS - Clean Seas Tuna

Some one seems very keen to buy a large stake.
.

Institutional buying ? Support is desperately needed !!!
Unfortunately ,I had seen in the past SP spiked, cap raising quickly followed.

 

[pixel]

Re: CSS - Clean Seas Tuna

Institutional buying ? Support is desperately needed !!!
Unfortunately ,I had seen in the past SP spiked, cap raising quickly followed.

Something like that had been at the back of my mind, causing me to hesitate ...
Also a reversal like in mid-August ...

 

[pixel]

Re: CSS - Clean Seas Tuna

Something like that had been at the back of my mind, causing me to hesitate ...
Also a reversal like in mid-August ...

I had forgotten that Pulse has a Broker Report, which tells me who has been predominantly buying and who has been a net seller over a selected period. Interesting result: Since the beginning of August, the bulk of the buying has been for Biggies like Deutsche, Patersons, MorganS, UBS, ... whereas Commsec and ETrade clients have supplied the net selling. Makes me think that my holding is in good company. ...

 

[nizora]

Re: CSS - Clean Seas Tuna

Interesting result: Since the beginning of August, the bulk of the buying has been for Biggies like Deutsche, Patersons, MorganS, UBS,

Some additional encouraging news:

"also considering inviting Chinese investors to take part in the business for the first time in its history. Marcus wants to have a partner, ideally a family business with similar values and succession planning."

http://www.businessspectator.com.au/article/2014/9/4/family-business/fishing-success-sea-challenges

 

[nizora]

Re: CSS - Clean Seas Tuna

Some additional encouraging news

A quick glance to CSS in operation (19 minute mark)

http://www.jump-in.com.au/show/financialreviewsunday/episodes/2014/episode-32/episdoe-32/#autoplay

 

[nizora]

Re: CSS - Clean Seas Tuna

A quick glance to CSS in operation (19 minute mark)

http://www.jump-in.com.au/show/financialreviewsunday/episodes/2014/episode-32/episdoe-32/#autoplay[/url]

Better link here : http://www.afr.com/sunday

Economies of scales ( 3 minute mark )
It's an industry already worth an estimated $4 billion a year, but Australian aquaculture could double in value by the end of the decade.

 

[pixel]

Re: CSS - Clean Seas Tuna

While I like their business model and feel rather confident about Aquaculture in general, I had my finger on the sell button quite a few times today. IMHO, holding the rising support line was essential, and a break below now 6.95c would make it very hard for me to stay with confidence.

 

[pixel]

Re: CSS - Clean Seas Tuna

While I like their business model and feel rather confident about Aquaculture in general, I had my finger on the sell button quite a few times today. IMHO, holding the rising support line was essential, and a break below now 6.95c would make it very hard for me to stay with confidence.

There you go: The support didn't hold; so I didn't hold on either.



And then, a new support level materialised; when it broke the Volatility Envelope yesterday, I got back on.
Traded a few swingers today and will only stay Long when the 7.5c resistance becomes new support.

 

[tge oracle]

Re: CSS - Clean Seas Tuna

I am impressed with the content of the Chairman’s AGM address. There has been a distinct change in the tone of communications coming from CSS over the past year or so and it is one that inspires confidence that they are on the right track to future development and growth.
Much of what is occurring now reminds me of the early days of TGR but the big difference is that CSS have a captive market with YTK and virtually no competition. TGR had to compete with producers from all over the world (Norway, Chile, Canada etc ) for their Atlantic Salmon. I am of a view that CSS have the potential to develop a much faster rate of growth.
It is encouraging to see that they are looking at further marketing opportunities, in particular, for 1 KG fish.
Having an investor like Simplot ( John West ) onboard they should also consider packaged options for YTK. TGR have had considerable success in marketing and distributing their packaged product throughout Australia via the large supermarket chains.
I applaud their decision to consider moving the SBT to sea pens to assist lowering husbandry costs whilst they wait to restart this project.
They continue to communicate their desire for a large investor to assist with this project but I believe they would be better served in closing out the life cycle of SBT first. I continue to believe they should look to seeking a partner to achieve this objective prior to seeking a financial partner.
Potential investors will be “ knocking the door down” to be involved if they can complete the life cycle , additionally, CSS will be in a much stronger position to dictate the terms of any partnership.
Their decision to take on limited debt for the next stage of development, rather than tap shareholders, is prudent in the current record low interest rate environment and is a further sign of Managements confidence in CSS as they, like us, have “ skin in the game “.

I am feeling much of what I felt in 2006/2007 with CSS. Full of Hope, Expectation, Enthusiasm and Confidence.

Disc – Opinion only. Invested in CSS and TGR. DYOR.

 

[pixel]

Re: CSS - Clean Seas Tuna

There you go: The support didn't hold; so I didn't hold on either.

And then, a new support level materialised; when it broke the Volatility Envelope yesterday, I got back on.
Traded a few swingers today and will only stay Long when the 7.5c resistance becomes new support.

7.5 is definitely shaping up as the new support. That becomes even clearer when we step back and take a wider-angle look at the chart. I admit, I got the jitters yesterday and took profit at 8.7c. Will probably return for some day-trades in preparation for a blow-off, although that may never come.



Going by rules and experience, I do expect a pullback to either of the two rising trendlines drawn in. If the steeper one should be broken - at about 8c - even 7.5 could come back into play.

 

[nizora]

Re: CSS - Clean Seas Tuna

Today's news :
Clean Seas - Competitive Advantages

Successfully pioneered the propagation, husbandry, harvesting and marketing of the
Yellowtail Kingfish species outside of Japan since 2000
Excellent job of positioning its Hiramasa brand at the high end of the Sashimi market
The Hiramasa Kingfish brand is recognised internationally as a
premium sashimi and white table fish
Australia’s only commercial producer of Yellowtail Kingfish
Ability to produce Yellowtail Kingfish fingerlings at any time of the year
There is no other reliable producer of fingerlings in the world
Established pool of genetically selected broodstock
Existing extensive hatchery resources and infrastructure to support growth
Existing water lease area to produce greater than 6000 tonnes
IP facilitates expansion into other suitable growing waters
Active R&D program for ongoing business improvement

 

[pixel]

Re: CSS - Clean Seas Tuna

CSS is back on my short list, with a buy level at 6.8c



Its momentum has definitely turned up, but the low volume held me back so far; while that may be due in part to the time of year, I want to see confirmation that the Market maintains the momentum and commits more credible amounts to CSS.