ATP Atlas Pearls Ltd.

Started by lorraina, Jun 23, 2023, 11:38 AM

Previous topic - Next topic

0 Members and 1 Guest are viewing this topic.


lorraina

SHARE INFORMATION
Day range    $0.105 - $0.115
Previous close    $0.110
Average volume    1,180,965
52 week range   $0.035 - $0.225
Foreign exempt?   No
ISIN   AU000000ATP1
Share description   Ordinary Fully Paid
Shares on issue   433,622,379
FUNDAMENTALS
P/E ratio   1.88
EPS   $0.058
Revenue    $27.20M (AUD)
Net profit   $9.08M (AUD)
Cash flow   $17.27
Price/free cash flow ratio   1.82
Free cash flow yield   54.67%
DIVIDENDS
Type   Interim
Dividend amount   $0.015
Annual yield   16.81%
Ex date   07 Mar 2024
Record date   08 Mar 2024
Pay date   22 Mar 2024
Franking   37%


lorraina




Stockhead today on Small Cap reporting;

One literal jewel was Atlas Pearls (ASX:ATP), the only listed company of its ilk in the world, which farms the tricked-up oysters across Indonesia.

Atlas shares surged 32 per cent after the company reported a $31.5 million net profit, up 246 per cent, on revenue of $41.7 million (up 53 per cent). The real pearler was the one cent per share special div, which implies a 7 per cent yield.

Pre results, Atlas bore a sub $50 million market cap. Our only explanation is that aquaculture has been a sea of misery for investors over the years, with expectations lower than the Mariana Trench.

Bev

When Market Analysis first recommended these shares in Jne 1996 they were 73c.

lorraina

Funny old life.
When they recommended them I cancelled my subscription.
Yet years later,I did extremely well with them.
I currently hold a modest holding which I intend to hold onto .


lorraina

https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02918963-6A1253418

Although the price of pearls has reduced as expected,ATP is a great cash cow,and still trades on very modest ratios. .

lorraina


Plata

Do you expect that to be sustained though? Surely the market is pricing in a big reduction in NPAT?

lorraina

From their announcement I gave the link to, we learnt they are selling better quality pearls at better prices.
Demand remains strong.
 Therefore I expect further solid results and dividends from them.



lorraina

#43

Ferg