APB 0.00% 1.0¢ arafura pearls holdings limited

morley your opinion please, page-3

  1. smt
    50 Posts.
    Morley. Whilst I would agree with your sentiment, looking at
    the last outlook for ATP leaves also one with very little confidence in the pearl industry and ATP.

    ATP made a profit of .2m dollars on revenue that was halved to $6.9m(from approx $13m). However, after a revaluation of its assets its estimated to make a loss of between $5.5-$6.7m

    If I may make an observation -

    From my reading many companies have closed or are going broke, and I think that the pearl market has some way to go before good profits come back again.

    I think at this time the pearl industry is super speculative and that there is better value elsewhere :)

    Just my twopennyworth, remember DYOR
 
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