You’ll know from seeing the chart on the other thread that average pearl size has only just started to recover, and has a long way to go to get back to historical levels. So I doubt that pearl prices will recover sufficiently this year to justify a share price of 14c. I also expect the stock to trade on a fairly modest price/earnings ratio, it’s not a tech stock. I’m confident though that, based on recent cash flow, the share price has quite a lot of upside.
Ann: Trading Update, page-41
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Last
14.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $63.61M | |||
| Open | High | Low | Value | Volume |
| 14.5¢ | 14.5¢ | 14.0¢ | $58.69K | 408.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 429063 | 14.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 14.5¢ | 60209 | 1 |
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| Last trade - 13.10pm 11/11/2024 (20 minute delay) ? |
| ATP (ASX) Chart |