Well there is the dividend announcement. 2cps as expected. Maybe they will make it slightly higher for the full year dividend to bring the yield up a tad, but with cashflow earmarked for the Malaysian and Bali expansions, it may also be dependent on the extent of the DRP uptake.
Still looking to produce just 200k pearls this year and perhaps sell an additional 40k in stock from last year (near 200k sold last year). Given the increases in seedings, the 200k produced looks on the low side, but perhaps they are continuing to extend the growing period to look for larger size? The jewellery offerings on the web-site certainly include some larger offerings than a year or two back.
(Some yummy stuff there, but the prices on them don't seem to be coming back at all from memory. Maybe a strategy to print off and keep the "loose pearl" prices if they are still publishing them - data on pearl pricing is pretty hard to find!)
ATP Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
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