Seems to me market is starting to value the legitimacy of ATP. So many positives going for this company now
- No debt
- First dividend paid (no policy yet but seems like could have one starting next FY)
- Strong short/medium term prices for pearls, demand does not seem to be slowing
- Increasing quality/size in pearls and room to grow considering still below the long term standard
- Only publicly listed pearl trading company, if funds want exposure this is probably the only play
- Trading at a low P/E (understandable given the market it is in), however if FOMO kicks in then this could really skyrocket
A positive guidance/earnings coupled with some bullish momentum makes this a very attractive short/medium term play. Long term the merit is there too, but I find as of now ATP is undervalued. Even if they were to only do another $25m in revenue for the year, at 35% EBITDA margin this puts them at $17.5m earnings. PE of 6 takes them $100m+. DYOR
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Last
14.5¢ |
Change
0.035(31.8%) |
Mkt cap ! $63.33M |
Open | High | Low | Value | Volume |
13.5¢ | 15.0¢ | 13.0¢ | $916.5K | 6.662M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 10500 | 14.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
15.0¢ | 851947 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 7000 | 0.145 |
1 | 40000 | 0.140 |
5 | 198849 | 0.135 |
4 | 201001 | 0.130 |
5 | 495000 | 0.125 |
Price($) | Vol. | No. |
---|---|---|
0.150 | 851947 | 4 |
0.155 | 239553 | 4 |
0.170 | 9878 | 1 |
0.180 | 8300 | 1 |
0.185 | 7045 | 1 |
Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
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