ATP 4.35% 12.0¢ atlas pearls ltd

Morningstar - 10 Cents Valuation, page-33

  1. 368 Posts.
    lightbulb Created with Sketch. 34
    My recollection is that Atlas used to accept payment at auctions in a range of currencies. Now they seem to insist on US$, possibly a sign of the times that it’s a sellers market. The US$ is currently at around one-year highs against the Aus$ and the Indonesian rupiah. So we get paid in a strong currency, while our farming and G&A costs are in depreciating currencies. Obviously beneficial for free cash flow.
 
watchlist Created with Sketch. Add ATP (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.