it’s hard to say as this company has only become profitable over the last year. Albeit very profitable!
If they pay the same dividend in 6 months time then the yield for FY24 is 17%. Given the number of pearls they have said that they will sell this half, I would imagine that this half will again produce a record profit - in which case they could pay a dividend around 2c.
A lot depends on the pearl price. There has been talk that it has come off a bit, which I believe is what is currently holding back the SP. But if the price stays anywhere near the $103/pearl they got at the September auction then we’re looking at $40m-$50m NPAT for the year.
it’s hard to say as this company has only become profitable over...
Add ATP (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
9.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $42.06M | |||
| Open | High | Low | Value | Volume |
| 9.8¢ | 9.8¢ | 9.6¢ | $25.18K | 258.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 104166 | 9.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 9.9¢ | 290545 | 1 |
View Market Depth
| Last trade - 15.47pm 17/05/2024 (20 minute delay) ? |
|
|||||
|
Last
9.7¢ |
Change
0.000 ( 3.00 %) |
||||
| Open | High | Low | Volume | ||
| 9.7¢ | 9.8¢ | 9.6¢ | 144756 | ||
| Last updated 15.47pm 17/05/2024 ? | |||||
| ATP (ASX) Chart |