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
10.5¢ |
Change
0.005(5.00%) |
Mkt cap ! $45.53M | |||
| Open | High | Low | Value | Volume |
| 10.5¢ | 11.0¢ | 10.5¢ | $102.7K | 948.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 18151 | 10.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.5¢ | 275000 | 3 |
View Market Depth
| Last trade - 15.52pm 03/05/2024 (20 minute delay) ? |
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Last
10.5¢ |
Change
0.005 ( 2.44 %) |
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| Open | High | Low | Volume | ||
| 10.5¢ | 11.0¢ | 10.5¢ | 25384 | ||
| Last updated 15.52pm 03/05/2024 ? | |||||
| ATP (ASX) Chart |