ATP 8.00% 13.5¢ atlas pearls ltd

revenue in H2 14.8MH1 26.8Mdecrease of 45% avg pearl price H1...

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  1. 80 Posts.
    lightbulb Created with Sketch. 7
    revenue in H2 14.8M
    H1 26.8M
    decrease of 45%
    avg pearl price H1 103$ piece sold 255K pieces
    avg peal price YEAR 84$ sold 477k

    pearls sold H2 477K - 255K
    so avg pearl price H2 62.2$ <- (222000*X+255000*103)/477000 = 84 reduction of 40% of price


    real profit before tax (without change in fair value)
    40M-17.4M

    Let's approportion for H2 -> (40M-17.4M) * 40% = 9M

    So in a Y with current price we can expect 18M (maybe a bit more given less pearls were sold and some were reserved).

    With ATP at 0.14, this puts the PE at 5 after taking into account 18M * 70% due to tax


    Now the big question is... Will peal prices keep falling?

    Last edited by flixil: 30/08/24
 
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