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

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Post by thomas35on Nov 05, 2012 6:40pm

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Post# 20564917

Re 3rd quarter

Overall it was good quarter. Nice to see the projects are on schedule and on budget. The only thing that makes me uncomfortable is the payout ratio. "The Company is revising its 2012 Payout Ratio guidance from 90% to 97%, to 96% to 102%". It is very diffricult to maintain this level of payout.

Cheers, Thomas

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