Just a simple DCF... based on really approx. numbers.
If they earn next year based on last auction result and last quarter...
and they grow at 4% for 10 years (very conservative)... pearl industry expected to grow 13% CAGR.
and based on TBV of 12c... which is about 4c cash... and which would be higher now having retrained significant stock from the last auction...
Pearls seem to be a pretty closed industry...
I've seen some footage of the auctions, and they're much smaller than i expected.
I'm guessing revenue will be very lumpy unless they can improve sales channels etc.
I guess auction results will really be determined by who actually shows up and what mood they're in....
maybe having a war breakout, and market crash the week of the auction tempered the mood of the buyers??
its a hard one...
but i see 25c as a reasonable FV...
and currently trading at a discount to TBV... worth a shot.
If anyone has some sources of information... like industry blogs or something that are active... let us know.
Just a simple DCF... based on really approx. numbers.If they...
Add ATP (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
11.3¢ |
Change
0.008(7.14%) |
Mkt cap ! $47.69M | |||
| Open | High | Low | Value | Volume |
| 11.5¢ | 11.5¢ | 11.0¢ | $52.98K | 478.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 95489 | 11.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.5¢ | 370695 | 4 |
View Market Depth
| Last trade - 15.39pm 06/05/2024 (20 minute delay) ? |
|
|||||
|
Last
11.3¢ |
Change
0.008 ( 7.14 %) |
||||
| Open | High | Low | Volume | ||
| 11.3¢ | 11.3¢ | 11.0¢ | 118630 | ||
| Last updated 12.51pm 06/05/2024 ? | |||||
| ATP (ASX) Chart |