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
12.0¢ |
Change
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Mkt cap ! $52.03M | |||
| Open | High | Low | Value | Volume |
| 12.0¢ | 12.0¢ | 10.5¢ | $214.1K | 1.843M |
Buyers (Bids)
| No. | Vol. | Price($) |
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| 2 | 266740 | 11.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
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| 12.0¢ | 57286 | 2 |
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| Last trade - 16.10pm 05/06/2024 (20 minute delay) ? |
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11.5¢ |
Change
0.005 ( 4.17 %) |
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| Open | High | Low | Volume | ||
| 11.0¢ | 12.0¢ | 10.5¢ | 342996 | ||
| Last updated 15.14pm 05/06/2024 ? | |||||
| ATP (ASX) Chart |