Overreaction in my humble opinion...
Consider the below..
At 10.5c, market cap is 45M
EV is below 30M
At today's announced prices of $68 a pearl, these guys can still make NPAT of circa 10M a year...
You do the math!
EV/NPAT multiple of 3 is cheap, even with the risks...
Lastly,10.5c is WAY below NTA.....
I just bought as much as made sense at 10.5/11, just then.
Ann: Kobe Auction Result and March Quarter Sales Update, page-10
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Last
9.6¢ |
Change
0.001(1.05%) |
Mkt cap ! $41.62M | |||
| Open | High | Low | Value | Volume |
| 9.5¢ | 9.9¢ | 9.4¢ | $103.4K | 1.084M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 107526 | 9.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 9.6¢ | 37517 | 1 |
View Market Depth
| Last trade - 16.10pm 29/05/2024 (20 minute delay) ? |
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Last
9.6¢ |
Change
0.001 ( 0.00 %) |
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| Open | High | Low | Volume | ||
| 9.9¢ | 9.9¢ | 9.4¢ | 475060 | ||
| Last updated 15.42pm 29/05/2024 ? | |||||
| ATP (ASX) Chart |