Gift that keeps on giving; flying under the radar but for how much longer..? I have been chipping away at parcels over the last month and picking up some more today off the back of this news. Unfortunately had traded this a while back around 9c but didn't hold any.
Company must be quite confident that the pearl index is to improve from their genetics program as they are starting to provide this number more often?
But the business has really grown over the last 3-4 years, key management has been in place for nearly double that time (off the top of my head) and been through a few down and up turns. Love that they keep a solid amount of cash on hand (mitigating some downturns or unexpected events), have a geographical spread of supply and looking at partnering with other underutilised pearl producers in their growing regions to expand (low CAPEX).
Consistently providing 1c HY divs = 13.79% gross per annum let alone the internal growth initiatives they are working on steadily. Would love to end up seeing some of the profits reinvested into a BB at some stage after growth has settled (or during this). Onwards and upwards.
14 Day RSI hitting 80% (overbought) would be an SP of 19c or 70% = 16.3c 52 week high = 17c 13 week high = 16.5c Any push above 15c should see these SP as being tested I would have thought
ATP Price at posting:
14.5¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)