Great announcement. $50m market cap still only puts us on 2.5xNPAT which is very low. Small steps though I suppose.
The risk here is that the pearl price goes back to “normal” levels. Doesn’t seem like that is a short term risk though. The positive is that they are achieving these results with sub-standard pearls, in their opinion.
More dividends to come with the cash piling up. This is cheap.
Ann: Kobe Auction Result and Sales Update, page-4
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| Open | High | Low | Value | Volume |
| 11.0¢ | 11.5¢ | 11.0¢ | $27.16K | 246.9K |
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| 4 | 265127 | 11.0¢ |
Sellers (Offers)
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| 11.5¢ | 242536 | 6 |
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| Last trade - 11.06am 12/06/2024 (20 minute delay) ? |
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| 11.0¢ | 11.5¢ | 11.0¢ | 45000 | ||
| Last updated 10.22am 12/06/2024 ? | |||||
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