yes, our calculations agree, except you have favoured in that conservative 20% discount for full year revenue. Since we know we have already got $26m for the first five months, this means you are estimating $24m for the next 7 months, even though ATP said they expect to produce more pearls for the remainder of the year to bring the total up to last year's pearl harvest.
And something I forgot to factor in was that the Pearl size was unusually small for 2023 and appears to be getting back to normal size this year. if that is indeed the case, the pearls for the remaining 7 months should be worth more than the pearls from the first five months of this year. …..
The spanner in the works will be the tax bill…I think ATP only had $4m of tax losses to claim against in the last full year report,so presumably the tax on this year's bumper sales may be horrendous!
However, if ATP pays out a large special fully franked dividend, then we all get to claim back some of that big tax bill in the some of franking credits. ….
I guess the interesting thing that is hard for an uninformed market to grapple with is that when the price of a commodity shoots up due to demand, that extra money earned is pure pre-tax profit, because it costs the same to produce a Pearl, regardless of the price it sells for. …..
same with gold or oil or tulips or whatever.
The market is still fast asleep on ATP…it is still fumbling around trying to process its remarkable change in fortune.
Couple that with the fact that Atlas Pearls may be the only publicly listed company in the world and that makes ATP shares rather special at this moment in time.
I am really surprised the directors are not buying on market like crazy! maybe they will, now they have released today's announcement.
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)