Just a simple DCF... based on really approx. numbers.
If they earn next year based on last auction result and last quarter...
and they grow at 4% for 10 years (very conservative)... pearl industry expected to grow 13% CAGR.
and based on TBV of 12c... which is about 4c cash... and which would be higher now having retrained significant stock from the last auction...
Pearls seem to be a pretty closed industry...
I've seen some footage of the auctions, and they're much smaller than i expected.
I'm guessing revenue will be very lumpy unless they can improve sales channels etc.
I guess auction results will really be determined by who actually shows up and what mood they're in....
maybe having a war breakout, and market crash the week of the auction tempered the mood of the buyers??
its a hard one...
but i see 25c as a reasonable FV...
and currently trading at a discount to TBV... worth a shot.
If anyone has some sources of information... like industry blogs or something that are active... let us know.
- Forums
- ASX - By Stock
- ATP
- Ann: Kobe Auction Result and March Quarter Sales Update
Ann: Kobe Auction Result and March Quarter Sales Update, page-33
-
- There are more pages in this discussion • 10 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add ATP (ASX) to my watchlist
|
|||||
Last
9.9¢ |
Change
-0.009(7.91%) |
Mkt cap ! $42.92M |
Open | High | Low | Value | Volume |
10.5¢ | 10.5¢ | 9.8¢ | $165.0K | 1.646M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 9283 | 9.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
10.5¢ | 25000 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 9283 | 0.099 |
5 | 66244 | 0.097 |
1 | 250000 | 0.096 |
2 | 44158 | 0.095 |
3 | 42596 | 0.094 |
Price($) | Vol. | No. |
---|---|---|
0.105 | 25000 | 2 |
0.110 | 536045 | 3 |
0.115 | 170000 | 2 |
0.120 | 786925 | 11 |
0.125 | 170686 | 3 |
Last trade - 16.10pm 09/07/2024 (20 minute delay) ? |
Featured News
ATP (ASX) Chart |