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6.06%

15.5¢ atlas pearls ltd

From a basic Google search it appears demand is likely to bounce...

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EarlySession

437 Posts.

285

19/01/22

08:51

Post #: 58964484
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Originally posted by saintex: ↑

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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From a basic Google search it appears demand is likely to bounce back so I’m thinking I’ll take a position.

Intuitively, I’d feel more confident-comfortable if they had a retail growth strategy rather than wholesale and online focus but conditions aren’t right with covid!

Another question, does ATP produce Gold South Sea Pearls as appears to they have white and silver but can’t see that they grow gold ones?

ATP Price at posting: 3.5¢ Sentiment: None Disclosure: Not Held
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(20min delay)
Last 15.5¢		Change -0.010(6.06%)		Mkt cap ! $67.21M

Open	High	Low	Value	Volume
17.0¢	17.0¢	15.5¢	$73.61K	449.3K

Buyers (Bids)

No.	Vol.	Price($)
4	15416	15.5¢

Sellers (Offers)

Price($)	Vol.	No.
16.0¢	62465	2

View Market Depth

No.	Vol.	Price($)
4	15416	0.155
4	267666	0.150
2	22744	0.145
1	100000	0.140
4	336062	0.135

Price($)	Vol.	No.
0.160	62465	2
0.170	68234	2
0.175	80000	2
0.180	670115	5
0.185	158342	8

Last trade - 15.25pm 18/04/2024 (20 minute delay)


Last 16.0¢			Change -0.010 ( 3.03 %)
Open	High		Low	Volume
16.5¢	16.5¢		15.5¢	112384
Last updated 15.49pm 18/04/2024 ?

ATP (ASX) Chart