I think replicating the cashflow of last year's FY H2 will be challenging; ATP ended 2021 with 80k fewer pearls in inventory than a year earlier. There are signs of increased production and rising prices, however, so any shortfall in cashflow in the next six months shouldn't be major. $6mn pa FCF would be great! Returning half of annual FCF to shareholders would imply an annual dividend of 0.7c, a yield of nearly 20% at the current share price!
ATP Price at posting:
3.8¢ Sentiment: Buy Disclosure: Held
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