ATP 2.17% 11.8¢ atlas pearls ltd

Ann: Kobe Auction Result and March Quarter Sales Update, page-24

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  1. 55 Posts.
    lightbulb Created with Sketch. 9
    so if revenue is same in 4Q as in 3Q.
    and if June Kobe auction is the same as April one just gone.
    and assume 40% net margin.
    i get FY24 Revenue of $41.9M & NPAT of $26.4M
    = eps of 6c & PE of 1.92 at 11.5c
    and Fair Value of 78c (hurdle 10%, TBV 12c, Growth 4% for 10 years)

    https://hotcopper.com.au/data/attachments/6120/6120591-83560620240b457419a712cd8e0e1834.jpg

    or hurdle of 20% to account for risks in this type of industry... FV of 48c
 
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