Personally i'd say its due to the nature of scaling the business being quite difficult and cost intensive. The management have the funds to start thinking about it, and seeing that they are debt free, could even use a line of capital to do so. If ATP can figure how to effectively scale their production 2-3x in the next few years, then this will rerate really well. I like the business, but this is the big question for me before I buy in that they need to solve.
You are right in saying it is undervalued however
Morningstar - 10 Cents Valuation, page-15
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Last
12.0¢ |
Change
0.005(4.35%) |
Mkt cap ! $52.62M | |||
| Open | High | Low | Value | Volume |
| 11.5¢ | 12.0¢ | 11.5¢ | $29.32K | 251.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 74235 | 11.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 12.0¢ | 294149 | 7 |
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| Last trade - 15.46pm 27/09/2024 (20 minute delay) ? |
| ATP (ASX) Chart |