Great announcement. $50m market cap still only puts us on 2.5xNPAT which is very low. Small steps though I suppose.
The risk here is that the pearl price goes back to “normal” levels. Doesn’t seem like that is a short term risk though. The positive is that they are achieving these results with sub-standard pearls, in their opinion.
More dividends to come with the cash piling up. This is cheap.
Ann: Kobe Auction Result and Sales Update, page-4
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Last
9.7¢ |
Change
-0.001(1.02%) |
Mkt cap ! $42.06M | |||
| Open | High | Low | Value | Volume |
| 10.5¢ | 10.5¢ | 9.7¢ | $224.3K | 2.237M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 14153 | 9.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 9.9¢ | 290545 | 1 |
View Market Depth
| Last trade - 16.10pm 16/05/2024 (20 minute delay) ? |
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Last
9.9¢ |
Change
-0.001 ( 0.00 %) |
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| Open | High | Low | Volume | ||
| 10.5¢ | 10.5¢ | 9.9¢ | 813092 | ||
| Last updated 15.59pm 16/05/2024 ? | |||||
| ATP (ASX) Chart |