ATP 5.21% 9.1¢ atlas pearls ltd

I think it'll be less about the divvie and more about the...

  1. 83 Posts.
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    I think it'll be less about the divvie and more about the financials/operational update that they report - NPAT for the half, cash on hand, price of pearls, pearl size/quality, harvesting progress, future auction details, (if they provide this info) etc..

    As has been mentioned by others, the company may not pay out a huge divvie as they won't have franking credits this half and there's not as much benefit for shareholders if the divvie is unfranked. They could also provide an update on farm purchase plans which would be interesting.

    Rough figures done by fantastic contributors on this thread suggest NPAT for the half to be around $10m (and let's guess 24FY to be around $20m). As long as they report this, I can't see this being sold down. I think there's only one way this goes once those figures are set in stone in the report. All IMO. Good luck holders, not long to wait now.
 
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