it’s hard to say as this company has only become profitable over the last year. Albeit very profitable!
If they pay the same dividend in 6 months time then the yield for FY24 is 17%. Given the number of pearls they have said that they will sell this half, I would imagine that this half will again produce a record profit - in which case they could pay a dividend around 2c.
A lot depends on the pearl price. There has been talk that it has come off a bit, which I believe is what is currently holding back the SP. But if the price stays anywhere near the $103/pearl they got at the September auction then we’re looking at $40m-$50m NPAT for the year.
it’s hard to say as this company has only become profitable over...
Add to My Watchlist
What is My Watchlist?
 (20min delay)
|
|||||
|
Last
15.0¢ |
Change
0.010(7.14%) |
Mkt cap ! $65.85M | |||
| Open | High | Low | Value | Volume |
| 14.0¢ | 15.0¢ | 14.0¢ | $45.60K | 315.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 827790 | 14.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 15.0¢ | 103081 | 4 |
View Market Depth
| Last trade - 13.14pm 16/06/2025 (20 minute delay) ? |
| ATP (ASX) Chart |