Quote Originally Posted by Muse View Post
Holy hell that is amazing.

lol I bought some at 12c this morning.

I saw the HC post about cash generation.

It looks like gross margin per pearl will go roughly from $21 to $85 (accounting for a guess of inflation on COG per pearl of 4.5% - $16.8 to $17.6). That margin increase should more or less fall to the bottom line for the half year, as price driven.

They had 7.8m of cash. This 1H they should end the half with around 23m, plus or minus.

At 12cps that's a market cap of $51.3m. Less the cash of 23m, thats a mcap of $28m, or 3x FY23 NPAT. And this years NPAT will be substantially higher and multiple substantially lower. So even if this normalise, its a cash rich company that ought to be able to do some chunky things with its cash.

note these are all extreme back of the envelope / on the fly calcs.

not a big purchase and sort of a spur of the moment thing.
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