Hi Tim,
I did not do any forecast after FY 24.
Just tried to take a reverse view at the valuation and see what scenario the market discounts after FY 24.
My understanding of the valuation : if we take the view that H2 23 will be similar to H1 23, the market does not expect any more free cash flow from FY 25.
Honestly, I think that it is too cautious.
Of course, it will depend on future supply and demand.
But, given what we know now, in particular regarding supply (and I agree with your view), there is no reasons to think that pearl prices will drop back rapidly to the level of FY 22 and FY 23, when it was around 40 AUD / pearl.
Hi Tim,I did not do any forecast after FY 24.Just tried to take...
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Last
16.5¢ |
Change
0.005(3.13%) |
Mkt cap ! $72.44M | |||
| Open | High | Low | Value | Volume |
| 16.0¢ | 16.5¢ | 15.8¢ | $79.72K | 496.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1000000 | 15.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 16.5¢ | 417019 | 9 |
View Market Depth
| Last trade - 16.10pm 27/06/2025 (20 minute delay) ? |
| ATP (ASX) Chart |