As you’ll know, Pearl inventory ended FY23 about 27,000 units lower than the previous year. It’s unlikely inventory has scope to fall much further this year. My own assumption would be that sales volumes in FY24 are somewhat lower than last year. As you say, however, that still makes a doubling of turnover feasible, given the September auction prices.
ATP Price at posting:
9.7¢ Sentiment: Buy Disclosure: Held
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