ATP is a good company with shareholder-friendly management, strong balance sheet and they're taking steps to reduce risks.
My take is that it's trading at ~4x foward EV/FCF with unpredictable pearl prices (if annualized 2H 2024) one could say 4x is cheap, or one could say 4x is not cheap for the pearl industry.
for myself, I'm building up my position in ATP slowly
ATP Price at posting:
14.0¢ Sentiment: Buy Disclosure: Held
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)