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 Originally Posted by percy
What you reckon the price action will get to today Percy? I got a few of these, well in the money now and with dividends, not sure I want to sell after all. I see the boffins on hotcopper are all excited.
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Originally Posted by blackcap
What you reckon the price action will get to today Percy? I got a few of these, well in the money now and with dividends, not sure I want to sell after all. I see the boffins on hotcopper are all excited.
I am excited too...
I have sold 71.5% of my holding from .0805 cents to. 0924 cents.
Had thought if the share price went over 15 cents I may sell out and buy myself a new Suzuki Swift RS.
However the Nissan has only done 80,000 klms and I really like it.?
Therefore like you I am not sure whether I want to sell after all ,.lol
Then there is 2CC's divie tomorrow to add to the excitement..lol
Update 1.7mil at VWAP of 12cents.
Last edited by percy; 05-12-2023 at 12:03 PM.
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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.
Last edited by Muse; 05-12-2023 at 12:28 PM.
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Originally Posted by percy
I am excited too...
I have sold 71.5% of my holding from .0805 cents to. 0924 cents.
Had thought if the share price went over 15 cents I may sell out and buy myself a new Suzuki Swift RS.
However the Nissan has only done 80,000 klms and I really like it.?
Therefore like you I am not sure whether I want to sell after all ,.lol
Then there is 2CC's divie tomorrow to add to the excitement..lol
Update 1.7mil at VWAP of 12cents.
Going through at 12.5. I had a buy order in at 11 but have not been filled. If they can make $20m NPAT they will have a huge cash pile and a 2c dividend is not out of the question.
I think I will hold on a bit longer to the stock that I do have.
Yes I almost forgot about the 2CC dividend. You could probably buy a new Suzuki Swift from that alone.
I have bought a Mitsibishi Triton (new) and the dividend almost pays for half of that.
I wonder if there will be some more buying in 2CC after tomorrow... (by all accounts it is still cheap)
ATP are benefitting from the high Pearl Prices that are going ballistic. I wonder how sustainable it is.
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Originally Posted by Muse
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.
Welcome aboard.
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well done holders.
are these prices the new norm or is this a huge windfall gain for the company because pearls are the new flavor of the month in China?
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Originally Posted by Rawz
well done holders.
are these prices the new norm or is this a huge windfall gain for the company because pearls are the new flavor of the month in China?
Now that is the $64,000 question.
One month, 24 months,or 50 years.?
Reminds me 20 or 30 years people asked whether Savignon Blanc sales in UK were the new norm,or flavour of the month.
Guess people today are asking the same about Savignon Blanc sales in the US.
In time we will find out.
Must admit gold and diamonds have enjoyed a good run for centuries.
Last edited by percy; 05-12-2023 at 01:44 PM.
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Originally Posted by Rawz
well done holders.
are these prices the new norm or is this a huge windfall gain for the company because pearls are the new flavor of the month in China?
that's the first thing that pops into my mind. a reversion to mean and all that. commodity & biological risk.
But with ~ $20m of cash or more, the operations of the company (ie ex cash) at spot price are worth about 3x last years npat (not this years npat). price makes up for a lot of sins.
see how we go.
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From a link on HC.
Pearls are often reported as the oldest valuable gem known to humankind, and have been collected for at least
8,500 years (A
https://www.ssef.ch/wp-content/uploa...s-GemGuide.pdf
Last edited by percy; 05-12-2023 at 01:53 PM.
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Ended the day at 13 cents up a stunning 48%.
ATP Atlas Pearls Ltd 0.13 48% $37,652,715
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