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.
Great announcement. $50m market cap still only puts us on...
Add ATP (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
11.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $49.86M | |||
| Open | High | Low | Value | Volume |
| 11.0¢ | 11.5¢ | 11.0¢ | $88.85K | 796.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 97870 | 11.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.5¢ | 213513 | 3 |
View Market Depth
| Last trade - 16.10pm 12/06/2024 (20 minute delay) ? |
|
|||||
|
Last
11.5¢ |
Change
0.000 ( 4.55 %) |
||||
| Open | High | Low | Volume | ||
| 11.0¢ | 11.5¢ | 11.0¢ | 52507 | ||
| Last updated 13.58pm 12/06/2024 ? | |||||
| ATP (ASX) Chart |