yes. I expect a significant rerating, as they are in a nice spot where they have both volume and price increases, while they have proved to have a good control of their costs during the last years.
The main element I am following is the free cash flow and expect them to show a significant improvement of their free cash flow this year, while they had already a decent free cash flow in FY 21 (free cash flow of 2.2 m, which represents a free cash flow yield of 12 %).
Even if they reach my targets in terms of profitability, the stock will probably continue to have a low rating by the market, as they are in a tough sector (oyster farming). One of the main risks : natural disasters can have a significant impact on pearl production. All Atlas Pearl farms are located in Indonesia, where earthquakes are frequent.
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yes. I expect a significant rerating, as they are in a nice spot...
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Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
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Price($) | Vol. | No. |
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10 | 941219 | 0.125 |
9 | 435120 | 0.120 |
11 | 284184 | 0.115 |
10 | 178346 | 0.110 |
Price($) | Vol. | No. |
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0.135 | 107414 | 3 |
0.140 | 43235 | 3 |
0.145 | 269431 | 4 |
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0.155 | 66400 | 2 |
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