Atlas Pearls Ltd T.ATP

Primary Symbol: APCFF

Atlas Pearls Limited is an Australia-based pearling business company. The Company is a producer of South Sea pearls, specializing in white and silver pearls. The Company operates approximately seven pearl farms throughout the Indonesian archipelago, from the national park lands of Banyu Biru to Flores, and as far east as West Papua. The Company is a fully integrated business including hatchery, seeding, harvesting, grading, trading, design and manufacturing capabilities to sell directly to customers through wholesale partners and via its retail outlets. The Company provides a range of products, such as DOUBLE PEARL BRACELET, CAGE PENDANT, KESHI STUDS, VINE RING, SIMPLE SHEPHERD HOOK EARRINGS, TOP HAT PENDANT, SICKLE PEARL RING, NEOPRENE PEARL BRACELET, FLAT BUTTON STUDS, BUBBLED RING, NEOPRENE PEARL BRACELET, FIXED PENDANT, FILAGREE CUP STUD, FLOWER FILAGREE PENDANT, PAVED DIAMOND PENDANT, OPEN PETAL RING, SIMPLE SHEPHERD HOOK EARRINGS and CAGE PENDANT.

OTCPK:APCFF - Post by User

Atlas Pearls Ltd > Up 7%.............what gives?

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Comment by MOJOJONOon May 07, 2019 1:17am

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Post# 29717966

RE:RE:RE:RE:RE:Up 7%.............what gives?

Yea, agree, with some expectations of held or lower rates in view been looking at some fixed rate. I had AZPs in my crosshairs, but always forget to buy not too far before ex-div. ATP's NCIB still has some room for commons and one class of Preferred.

Problem with acquisitions, there's no guarantee Prefs will be made whole - this was proven by the Lowes acquisition of Rona. (https://business.financialpost.com/news/fp-street/in-buying-back-preferreds-rona-tries-to-explain-why-24-a-share-is-more-fair-than-25-a-share) Though of course it all depends on when you buy and even so it was still higher than past market price.

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