Busy week ahead for ATP with Bali auction early in the week and annual report most probably on the 30th. So a couple of catalysts to look forward to.
As discussed on the other thread, a director exercising his options prior to these events.
SP appears to have found its value at these levels for now. On the back of prudent management and aided by strong demand over the past couple of years, the company sits very comfortably.
With demand moderating it will be interesting to see which new channels have been adopted to continue to realise strong prices/revenue. Progress on pearl quality, additional farm and forward looking statements will also be eagerly anticipated. After another strong year another divvy would also be well received.
ATP Price at posting:
9.9¢ Sentiment: Buy Disclosure: Held
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