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3.19%

9.1¢ atlas pearls ltd

ATP - General Discussion, page-315

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NoLeafClover

1,300 Posts.

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06/08/24

12:19

Post #: 75090366
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Originally posted by kevinbai72: ↑

I am actually not sure what to expect from the management now, the only few things can drive the sp up again

1. The market realise how this company been undervalued and catch up with the right valuation - probably will happen when annual report been released
2. Huge, more than expected div (which I don't think and suggest the management to do it...) - probably will not happen
3. More sales channels developed and revenue increase quite a lot from these channels, EBITDA over 10M+ and growing 20%+ YoY - likely, but to be seen
4. Another lucky year, pearl price going up significantly again... - very unlikely...

At current valuation the downside is very restricted, however it will require some trigger to put the SP back to the upward trend.

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I think they should conduct a share buyback if the market is continually just going to leave it undervalued, dividends are nice and all but they aren't fully franked for ATP so lose a fair bit of their appeal.

Fact this thing STILL trades on like 2x NPAT even after all this time means the company should take action & buyback, doesn't even have to be a big $ amount given how much cash they have & how illiquid the stock is.

ATP Price at posting: 9.3¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 9.1¢		Change -0.003(3.19%)		Mkt cap ! $39.60M

Open	High	Low	Value	Volume
9.4¢	9.4¢	9.1¢	$26.46K	285.1K

Buyers (Bids)

No.	Vol.	Price($)
2	100782	9.1¢

Sellers (Offers)

Price($)	Vol.	No.
9.7¢	7655	1

View Market Depth

No.	Vol.	Price($)
2	100782	0.091
5	341122	0.090
1	150000	0.089
1	60000	0.086
1	35300	0.085

Price($)	Vol.	No.
0.097	7655	1
0.100	105000	1
0.105	84733	4
0.110	215860	5
0.115	126188	4

Last trade - 15.51pm 06/08/2024 (20 minute delay)

ATP (ASX) Chart