Appreciate your insights. If they are able to generate similar revenue to last financial year (~$40m), despite a lower auction pearl price, why do you think their EBITDA margin will be lower?
I am well aware that the auction prices have been much lower than in FY24, however, the last announcement was very encouraging imo, stating that they are both growing sales through other channels, and that they are receiving significantly higher prices per pearl through these channels.
I think this is where the growth comes from for ATP
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)