ATP looks well on track to generate ~$40m revenue again this year. If they achieve a normalised EBITDA margin of 54% like they did last year then their EBITDA for the year is approx $22m. Incredible numbers for a company with a $60m MC.
Let's hope for another strong auction during at Kobe in June and then a really strong annual report with updates on the other sales channels. Excited to see whether they can continue to grow the % of number and pearls sold and revenue from other sales channels. This is where they generate incredible margins on their pearls (ave $149/pearl).
This continues to fly under the radar. Love accumulating here, sitting on a 13% yield, with a lot of room for growth.
Ignorant question - Do we know why the div isn't franked when they are paying tax on their profits?
Surely at some stage the market realises that this company is consistently generating strong EBITDA each year and values it accordingly. GLTAH.
ATP Price at posting:
15.0¢ Sentiment: Buy Disclosure: Held
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