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
11.0¢ |
Change
0.014(14.6%) |
Mkt cap ! $42.92M | |||
| Open | High | Low | Value | Volume |
| 9.6¢ | 11.0¢ | 9.6¢ | $30.57K | 301.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 149300 | 10.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.0¢ | 85450 | 3 |
View Market Depth
| Last trade - 13.17pm 30/05/2024 (20 minute delay) ? |
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Last
10.5¢ |
Change
0.014 ( 9.38 %) |
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| Open | High | Low | Volume | ||
| 9.7¢ | 11.0¢ | 9.7¢ | 284452 | ||
| Last updated 13.42pm 30/05/2024 ? | |||||
| ATP (ASX) Chart |