CSS - Clean Seas Seafood
- Thread starter LifeisShort
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Re: CSS - Clean Seas Tuna
Well, I may have to concede that my prediction that CSS would not survive as a viable entity could prove to be wrong. They appear to have turned the YTK business into cash flow positive, reduced costs/overheads and successfully raised capital despite an extremely sombre outlook last year.
The market is certainly telling me I am wrong since the spawning announcement in Jan. I did state that there was ample time to invest in CSS again should they survive until this years spawning, this has been achieved.
This market response has forced me to reconsider my position on CSS as investors appear confident of success with growout this year.
I was planning to wait until an announcement about transfer to sea pens or successful progression to juvenile SBT but as they say in the industry “ the market waits for nobody “.
The value of CSS is rising rapidly on high volume and waiting may prove costly.
The main factors that have altered my outlook include:
1. New Chairman JEF should ensure ethical disclosure and corporate governance.
2. YTK is cash flow positive with market expected to grow.
3. Successfully raised capital despite sombre outlook.
4. Reduced costs/overheads.
5. Adjusted value of YTK inventory.
6. Installed necessary infrastructure to ensure best possible chance of SBT propogation.
7. NTA of around 25c +.
8. Strong investor response to this years spawning.
9. Possibility that after years of failures they may actually exceed their goal of research/ pre-commercial quantity of SBT.
The main risk is the same as always……SBT mortality and failue to progress beyond last years achievements.
There is still substantial risk involved in investing in CSS but my interest in aquaculture and, in particular, the Sashimi Tuna Industry has overrode these concerns.
Disclosure – I have re-built my stake in CSS and the above should not be considered as a recommendation to invest in CSS.
Well, I may have to concede that my prediction that CSS would not survive as a viable entity could prove to be wrong. They appear to have turned the YTK business into cash flow positive, reduced costs/overheads and successfully raised capital despite an extremely sombre outlook last year.
The market is certainly telling me I am wrong since the spawning announcement in Jan. I did state that there was ample time to invest in CSS again should they survive until this years spawning, this has been achieved.
This market response has forced me to reconsider my position on CSS as investors appear confident of success with growout this year.
I was planning to wait until an announcement about transfer to sea pens or successful progression to juvenile SBT but as they say in the industry “ the market waits for nobody “.
The value of CSS is rising rapidly on high volume and waiting may prove costly.
The main factors that have altered my outlook include:
1. New Chairman JEF should ensure ethical disclosure and corporate governance.
2. YTK is cash flow positive with market expected to grow.
3. Successfully raised capital despite sombre outlook.
4. Reduced costs/overheads.
5. Adjusted value of YTK inventory.
6. Installed necessary infrastructure to ensure best possible chance of SBT propogation.
7. NTA of around 25c +.
8. Strong investor response to this years spawning.
9. Possibility that after years of failures they may actually exceed their goal of research/ pre-commercial quantity of SBT.
The main risk is the same as always……SBT mortality and failue to progress beyond last years achievements.
There is still substantial risk involved in investing in CSS but my interest in aquaculture and, in particular, the Sashimi Tuna Industry has overrode these concerns.
Disclosure – I have re-built my stake in CSS and the above should not be considered as a recommendation to invest in CSS.
Re: CSS - Clean Seas Tuna
The strong interest is interesting considering that they have not even come near surpassing last years successes. It appears to be pure speculation and if they do better than last year at the growout stage there could be considerable movement in the sp
come fishy fishy.............
The strong interest is interesting considering that they have not even come near surpassing last years successes. It appears to be pure speculation and if they do better than last year at the growout stage there could be considerable movement in the sp
come fishy fishy.............
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Re: CSS - Clean Seas Tuna
I have been watching these guys and learning about them for months, but yet to pull the trigger. I have read every post on this forum. While I understand nothing is assured, I am buying in because 1) I do not think they will give up on tuna-farming (stubborn company, probably backed by groups we don't even know about) 2) Kingfish, Mullaway are looking favorable in the coming quarters 3) It is logical that they have learned from mistakes, and the science is catching the ambition 4) heavy investment in facilities. tell me more, good or bad. I can expect a 10-20 percent pullback before more news?
I have been watching these guys and learning about them for months, but yet to pull the trigger. I have read every post on this forum. While I understand nothing is assured, I am buying in because 1) I do not think they will give up on tuna-farming (stubborn company, probably backed by groups we don't even know about) 2) Kingfish, Mullaway are looking favorable in the coming quarters 3) It is logical that they have learned from mistakes, and the science is catching the ambition 4) heavy investment in facilities. tell me more, good or bad. I can expect a 10-20 percent pullback before more news?
Re: CSS - Clean Seas Tuna
well the sp has certainly pulled back a bit over the past few days,...............Is it now that the trigger should be pulled. I am considering topping up again at 14c as there seems to be a bit of resistance at the 15c mark.
It has to be time for this bunch to show some successes and show as all that they have learrned from their indiscretions and past failures. That is one way to gain back everyones conmfidence and see some upward movement in the sp. Anticipating the timing of the next announcement and getting a buy in before the announcemment is the key.
well the sp has certainly pulled back a bit over the past few days,...............Is it now that the trigger should be pulled. I am considering topping up again at 14c as there seems to be a bit of resistance at the 15c mark.
It has to be time for this bunch to show some successes and show as all that they have learrned from their indiscretions and past failures. That is one way to gain back everyones conmfidence and see some upward movement in the sp. Anticipating the timing of the next announcement and getting a buy in before the announcemment is the key.
Re: CSS - Clean Seas Tuna
As you all know the different Governments around Australia have invested tens of millions $$$$ of public money in this company.
In cash grants wages and travel expenses and capital investment.
and
I WANT ACCESS TO THE KNOWLEDGE
Anyone care to stand beside me.
As you all know the different Governments around Australia have invested tens of millions $$$$ of public money in this company.
In cash grants wages and travel expenses and capital investment.
and
I WANT ACCESS TO THE KNOWLEDGE
Anyone care to stand beside me.
Re: CSS - Clean Seas Tuna
information is irrelevant.
it's access to knowledge and understanding that we want.
you never know we might even be able to help.
information is irrelevant.
it's access to knowledge and understanding that we want.
you never know we might even be able to help.
Re: CSS - Clean Seas Tuna
Access to knowledge is a whole different story. Copywrite is an issue and if only we could that would be god sent and yes who knows, we could even help. At this point in time the only help we can provide is by buying more and more shares and thats a bit daunting with this group.
Access to knowledge is a whole different story. Copywrite is an issue and if only we could that would be god sent and yes who knows, we could even help. At this point in time the only help we can provide is by buying more and more shares and thats a bit daunting with this group.
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Re: CSS - Clean Seas Tuna
For Example
What If..................The knowledge has already been shared with someone else , or another company
For Example
What If..................The knowledge has already been shared with someone else , or another company
Re: CSS - Clean Seas Tuna
That could be interesting
If they have shared their knowledge and expertise with another company then hopefully that company can come along and takeover CSS and who knows they may be able to get the Tuna out to the market then
If only......................
That could be interesting
If they have shared their knowledge and expertise with another company then hopefully that company can come along and takeover CSS and who knows they may be able to get the Tuna out to the market then
If only......................
- Joined
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Re: CSS - Clean Seas Tuna
As we wait for news on the SBT breeding program for this season I thought I should draw your attention to the YTK business and aquaculture demand in general.
It shouldn’t be too long before Tassal Group ( disclosure- I am invested in TGR ) release details of their takeover/buyout offers. It would appear that there is worldwide interest in acquiring TGR from a diverse range of interested parties such as private equity buy out firms PEP and Paine & Partners along with global seafood giants Marine Harvest and Cooke Aquaculture. Additionally, there may be other undisclosed interested parties.
As the world demand for seafood grows the attraction to invest in aquaculture entities becomes more competitive, particularly companies that have a quality product, are well managed and most importantly, profitable.
The overriding reason for my re-investment in CSS is that they have finally made the YTK business cash flow positive. This is significant as it positions CSS as a viable buyout or takeover opportunity even if the SBT program should fail.
Southern Star have been running a successful and profitable YTK business for more than a decade now and I am convinced that YTK is a product that has immense potential for growth if it is effectively marketed throughout the world.
The demand for food resources will continue to grow exponentially which will, in turn, lead to a commensurate demand for food producing companies as seen by the interest in TGR.
Disclosure- My opinion only. i am invested in CSS and TGR.
As we wait for news on the SBT breeding program for this season I thought I should draw your attention to the YTK business and aquaculture demand in general.
It shouldn’t be too long before Tassal Group ( disclosure- I am invested in TGR ) release details of their takeover/buyout offers. It would appear that there is worldwide interest in acquiring TGR from a diverse range of interested parties such as private equity buy out firms PEP and Paine & Partners along with global seafood giants Marine Harvest and Cooke Aquaculture. Additionally, there may be other undisclosed interested parties.
As the world demand for seafood grows the attraction to invest in aquaculture entities becomes more competitive, particularly companies that have a quality product, are well managed and most importantly, profitable.
The overriding reason for my re-investment in CSS is that they have finally made the YTK business cash flow positive. This is significant as it positions CSS as a viable buyout or takeover opportunity even if the SBT program should fail.
Southern Star have been running a successful and profitable YTK business for more than a decade now and I am convinced that YTK is a product that has immense potential for growth if it is effectively marketed throughout the world.
The demand for food resources will continue to grow exponentially which will, in turn, lead to a commensurate demand for food producing companies as seen by the interest in TGR.
Disclosure- My opinion only. i am invested in CSS and TGR.
Re: CSS - Clean Seas Tuna
I believe that the upward shift in the sp after the announcement was more about the progress of the YTK division and certainly not that the company made a smaller loss than last year. Whilst the YTK are profitable the tuna rearing will no doubt be absorbing most of the profits thus keeping the company in the black for a while yet. The SBT breeding program this year will dertermine a lot...................takeovers could be possible pending the outcome and how investors react
I believe that the upward shift in the sp after the announcement was more about the progress of the YTK division and certainly not that the company made a smaller loss than last year. Whilst the YTK are profitable the tuna rearing will no doubt be absorbing most of the profits thus keeping the company in the black for a while yet. The SBT breeding program this year will dertermine a lot...................takeovers could be possible pending the outcome and how investors react
Re: CSS - Clean Seas Tuna
Not a lot of movement in SP after the announcement. Investors are cautious and will wait until gthe growout actually takes place. At sea growout is great but even if they have to raise them in tanks will also do wonders for sp
Come fishy fishy!
Not a lot of movement in SP after the announcement. Investors are cautious and will wait until gthe growout actually takes place. At sea growout is great but even if they have to raise them in tanks will also do wonders for sp
Come fishy fishy!
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Re: CSS - Clean Seas Tuna
All,
News release on Adelaide Now re: CSS.
http://www.adelaidenow.com.au/business/cleanseas-fingerlings-in-the-tank/story-e6frede3-1226011563058
-Liar-
All,
News release on Adelaide Now re: CSS.
http://www.adelaidenow.com.au/business/cleanseas-fingerlings-in-the-tank/story-e6frede3-1226011563058
-Liar-
- Joined
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Re: CSS - Clean Seas Tuna
And an even newer one
http://www.adelaidenow.com.au/busin...ion-dollar-catch/story-e6fredel-1226013575594
And an even newer one
http://www.adelaidenow.com.au/busin...ion-dollar-catch/story-e6fredel-1226013575594
Re: CSS - Clean Seas Tuna
“Vote of confidence”
7TH March 2011
GLOBAL AQUACULTURE INVESTOR’S NEW
BACKING FOR CLEAN SEAS TUNA
One of the world’s largest private investors in the global aquaculture industry has moved to a 17% shareholding in Clean Seas Tuna Limited (ASX: "CSS") following a $6.9 million share placement announced today by the Australian company.
Clean Seas Tuna advised that it had raised $6.9 million with the placement of 62.7 million shares at 11 cents per share with leading international aquaculture industry investor, Mr Frode Teigen of Norway.
The new shares – representing 15% of Clean Seas Tuna’s current issued shares - take Mr Teigen’s total shareholding in the Company to 17%.
“Vote of confidence”
7TH March 2011
GLOBAL AQUACULTURE INVESTOR’S NEW
BACKING FOR CLEAN SEAS TUNA
One of the world’s largest private investors in the global aquaculture industry has moved to a 17% shareholding in Clean Seas Tuna Limited (ASX: "CSS") following a $6.9 million share placement announced today by the Australian company.
Clean Seas Tuna advised that it had raised $6.9 million with the placement of 62.7 million shares at 11 cents per share with leading international aquaculture industry investor, Mr Frode Teigen of Norway.
The new shares – representing 15% of Clean Seas Tuna’s current issued shares - take Mr Teigen’s total shareholding in the Company to 17%.
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Re: CSS - Clean Seas Tuna
On one hand this is bad since it dilutes other shareholders but like you say, it could be a vote of confidence - after all, I imagine Mr Teigen would have looked at what CSS has before handing over $7mil.
Oh well, the fish aren't dead yet...that we know of
On one hand this is bad since it dilutes other shareholders but like you say, it could be a vote of confidence - after all, I imagine Mr Teigen would have looked at what CSS has before handing over $7mil.
Oh well, the fish aren't dead yet...that we know of
