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.
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Last
15.5¢ |
Change
-0.010(6.06%) |
Mkt cap ! $68.05M | |||
| Open | High | Low | Value | Volume |
| 16.5¢ | 16.5¢ | 15.5¢ | $17.93K | 111.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 384998 | 15.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 16.0¢ | 30881 | 3 |
View Market Depth
| Last trade - 15.59pm 11/07/2025 (20 minute delay) ? |
| ATP (ASX) Chart |