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
11.5¢ |
Change
-0.005(4.17%) |
Mkt cap ! $50.43M | |||
| Open | High | Low | Value | Volume |
| 11.5¢ | 11.5¢ | 11.0¢ | $39.12K | 341.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 239944 | 11.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.5¢ | 283160 | 5 |
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