CSS - Clean Seas Seafood

[LifeisShort]

Has anyone been following this stock or is interested? Market cap 29million in a sustainable, growth industry. Looks like it might be a good year for CSS....lot to like about the company......positive eps and growing revenue etc.

 

[malachii]

Re: CSS - Clean Seas Tuna

I have been following this company since it floated although I DONT own shares in it. It is a great business in a really great industry - lets face it - we all know that there is less and less fish in the seas and it's only going to get worse. Management has a lot of experience in the industry and seem to be delivering on what they promise. However the share price is up 100% on it's float price in about a year and up over 150% on it's low for the year so is there still value in the stock???? I'd say so but I wouldn't expect to see it double again over the next 12 months. Another option may be to look at the convertable prefs - they pay a fixed 10%??? (not sure that's correct so check it out first) on issue price and convert in about 2 years.

A similiar stock is AAQ - has Barramundi instead of Tuna and operates mainly in the USA but same industry, good managment and has a stake in a tuna company in Perth.

malachii

 

[adobee]

Re: CSS - Clean Seas Tuna

The article below was published last week. As I understand it clean seas are set to be come first breeders of Southern bluefin tuna. As they successfully do this on other fish you would think it is only a matter of time until they do with the sbtuna. And from the looks of the article it will be very soon.
THE QUESTION IS WHAT EFFECT WILL SUCCESSFUL BREEDING OF SBTUNA HAVE ON THE SHARE PRICE? ANY FEELINGS WOULD BE APPRECIATED, I UNDERSTAND THE SHARE PRICE HAS INCREASED ABOUT 12% ON THE BASIS OF THE MALES SPAWNING?

"Clean Seas set to breed bluefin tuna"
Wednesday Mar 28 11:16 AEST
South Australian fish exporter Clean Seas Tuna Ltd has successfully induced spawning among male southern bluefin tuna housed at its aquaculture breeding facility on the Eyre Peninsular.

Described by Clean Seas as a world-first breakthrough, the company has used hormonal therapy to mimic the natural production of hormones in the male fish at its Arno Bay facility in South Australia.

The technique has been used on Atlantic bluefin tuna, but never before on its southern cousin.

Successfully inducing reproductive maturation was a major step on the road to breeding southern bluefin tuna, the company said.

Next, female fish will be mixed with the males, with the hope of producing viable, fertilised eggs.

Clean Seas already successfully breeds kingfish and mulloway, which it exports to overseas markets, including Japan.

 

[adobee]

Re: CSS - Clean Seas Tuna

CSS taking running today at a surge of 17%..
why does everything take of just prior to me making a purchase.

 

[ormond]

Re: CSS - Clean Seas Tuna

I am expecting the release of more breeding results very shortly.My broker suggests everything is still on track and i think there is still some major upside in the share price to come shortly!Have not seen many postings on this company but was wondering what other people think?:fish::fish:

 

[FI$H]

Re: CSS - Clean Seas Tuna

Well, I think that they are giving the females a few more months before they cut them open... There are still some technical challenges ahead and I count on a few set-backs or delays firmly believing in Murphy's law. With investors support the life-cycle will be closed sooner or later (one way or the other). Investors know now that the company can master breeding of SBT and with huge profits in sight they will back CSS even in a worst case scenarios like breeding stock loss which could cause long delays till production.The question is not if but when big money is being made. Kingfish and Mulloway production (both very popular in Japan) is already in place and further rapid growth can be expected. I wouldn't be too worried about upcoming rival Western Kingfish Ltd. as they are still at least 2 years away from kingfish production and global demand is higher and growing faster than both companies could meet together.
What I don't like about CSS is that the company is almost entirely (approx. 75%) owned by Hagen Stehr and I hope that he doesn't take the company private by integrating it back into the Stehr group now with most technical aspects solved. My gut feeling tells me that Hagen Stehr is a very visionary man who will soon after the life-cycle is closed raise further capital to scale-up production as quickly as possible. In the long run tuna and kingfish farming will probably have to answer some of the sustainability questions that salmon farming is currently facing. this is however a bigger concern for NBT production in the northern hemisphere (Mediterranean Sea) and less problematic compared to salmon with Japan being the target market.
Trading volumes of CSS are very low with most stocks being hold by Hagen Stehr and institutional investors. Prices surge dramatically after good news. It's probably best to go with the old saying "buy on the rumor sell on the news"! Low volumes cause high volatility and a big spread. My sentiment is that it's a good time to get in and to stick with it long-term if you can handle its intrinsic risks. Compare the market-cap of CSS to the current annual value of the Australian tuna industry...
Have a look at AAQ and CAQ if health and sustainability is an issue for you. The two companies are more likely to grow extremely fast on European and north American markets with a truly green product(well, as green as it gets). All three stocks AAQ, CAQ, CSS offer a good way to make money without having too much blood on your hands. :shoot:

 

[ormond]

Re: CSS - Clean Seas Tuna

Noticed a nice price rise this week from 1.35 to 1.65 on increasing volume over the last couple of days.
Has been very quiete on the news front recently in reguards to the SBT breeding program so i'm wondering if there is some upcoming news based on recent price,volume movements?

 

[hongwong]

CSS -- Clean Sea Tuna

Any make heads or tails of this trading halt ?

It seems this company has alot of small intrest parties, just wondering if ppl have heard about this company

 

[rustyheela]

Re: CSS - Clean Seas Tuna

A John West subsidiary - "simplot Aust." has taken a 5% stake in this company as part of a $33 million capital raising. Simplot will inject $2.7 m into company. there is also a insto placement @ 1 for 8 rights issue @ $ 1.35. will resume trading on monday. Last week they also successfully introduced new technology of introducing tuna to open sea pens with less stress n losses of fish as previously.
company has been round for ions with Hagen Stehr as boss with 40 years experience in tuna fishing over Port Lincoln way in South Australia

 

[Morgan]

Re: CSS - Clean Seas Tuna

Well, finally a good day yesterday for CSS with a 10%+ jump on no news. The jump was on low volume so hopefully this means sellers are drying up after the recent decline in the SP back towards the heavily discounted placement/rights issue price.
A sign of good things to come??

A similar jump in price for Australis Aquaculture AAQ, although this being on the news of a big increase in sales quarter-on-quarter.

 

[ormond]

Re: CSS - Clean Seas Tuna

Ord Minnett only recently released a comprehensive report on CSS which is worth the read if you can get your hands on it.
Even allowing for some delays in the SBT life cycle the shares are worth hanging on to with plenty of income from the Kingfish farming.
Have held from 70c so am more than happy to hold as a long term play.

 

[ormond]

Re: CSS - Clean Seas Tuna

One step closer to completing the SBT life cycle.

Clean seas tuna has had a successful spawning event of their broodstock tuna and needs time to determine the degree of success[maturity of eggs,whether fertilised or not]

In a trading halt till wednesday

I believe a success will eventually lead to a reduction of their kingfish business as the margins in SBT are much higher.

 

[michael_selway]

Re: CSS - Clean Seas Tuna

One step closer to completing the SBT life cycle.

Clean seas tuna has had a successful spawning event of their broodstock tuna and needs time to determine the degree of success[maturity of eggs,whether fertilised or not]

In a trading halt till wednesday

I believe a success will eventually lead to a reduction of their kingfish business as the margins in SBT are much higher.

Hm i cant understand these fish companies (TGR = Salmon), they seem to have been well in the past few years

Earnings and Dividends Forecast (cents per share)
2007 2008 2009 2010
EPS 0.9 0.3 4.1 6.4
DPS 0.0 0.3 1.2 2.7

Business Description
Clean Seas Tuna Limited (CSS) is a wholly owned subsidiary of the Stehr Groups aquaculture holding company, Australian Tuna Fisheries Pty Ltd. Clean Seas run a licensed fingerling hatchery at Arno Bay, South Australia where they also will build a facility for broodstock production. The core business is the propagation of commercially bred Southern Bluefin Tuna, Mulloway and Kingfish for the domestic market and international consumption.

thanks

MS

 

[FI$H]

Re: CSS - Clean Seas Tuna

We're down a bit on low-volume which doesn't say much. I was surprised about the high turn-over (2.5 million shares) for ~2$ in the days shortly after breeding success was announced. I expected more given the good news (female spawning, fertilization and hatching). I wonder who sold that many stocks and why.

 

[adobee]

Re: CSS - Clean Seas Tuna

Big storey on abc tonight about clean seas tuna about ten minutes to fifteen minutes.. I am not sure if it was news or insight etc.. gave a great speal about the first ever fertilised eggs and the boss and that the sky was now the limit..

 

[truevalue]

Re: CSS - Clean Seas Tuna

The company is very excited about this breakthrough because the returns on Southern Bluefin Tuna (SBT) production will be huge.

The current Australian production of SBT is 5000 tonnes which is worth $200-$250 million in sales p.a. in the Japanese wholesale markets. By breeding SBT in captivity CSS can effectively produce at least 5000 tonnes themselves and even have aspirations to produce 10,000. Assuming they produce 5,000 tonnes initially (they have 5000 tonnes of kingfish in the water now after just 3 years) then those fish will be worth $200-$250 million in sales and $100-$150 million in pre-tax profit. Not bad for a company with a market cap of $300m and no debt. If production rose to 10,000 tonnes..... well you can do the numbers.

The big advantage CSS have producing SBT is that SBT sells for $40-$50/kg in wholesale markets whereas salmon and kingfish sells for only $10-$12/kg. Premium sushi meat is well worth the effort.

When they say the skys the limit they are not joking!

 

[truevalue]

Re: CSS - Clean Seas Tuna

There is an analyst/broker tour to Port Lincoln and Arno Bay this Friday so it should be interesting next week.

This interview with Bloomberg is worth watching:


http://www.bloomberg.com/avp/avp.htm?clipSRC=mms://media2.bloomberg.com/cache/v9uQA9WTx7aU.asf

 

[tge oracle]

Re: CSS - Clean Seas Tuna

Yes, the broker presentations should be interesting. Somebody seems to be intent on selling out heavily since spawning / fertilization news was released a last month ......wonder why? Not many buyers on the screen!

 

[tge oracle]

Re: CSS - Clean Seas Tuna

Looks like nothing much has changed since my last post i.e. not much support for the stock. I am surprised by the negative response to the SBT fertilization news.

 

[urgalzmine]

Re: CSS - Clean Seas Tuna

Looks like nothing much has changed since my last post i.e. not much support for the stock. I am surprised by the negative response to the SBT fertilization news.

have patience my friend, this is a good food stock long time investment dont worry about this short term stuff.