Atlas Pacific Limited Overview
(updated as of June 1, 2001)
Ticker Symbol (Nasdaq SC): APCFY
Atlas Pacific Limited
25-29 Delawney Street
Balcatta WA 6914
Australia
Phone : (189) 240-4522
Fax : (189) 240-4566
E-mail: atlas@atlaspacific.com.au
Overview
Atlas Pacific Limited operates an oyster hatchery and farm for the purpose of cultivating
South Sea pearls. The Company has facilities in Kupang, Sulawesi, Sumbawa, and Australia.
Atlas Pacific Limited is listed on the Australian Stock Exchange with the ordinary shares
trading under the symbol ATP, and the convertible notes trading under the symbol ATPG.
The Companys ordinary shares are traded as American Depositary Receipts (ADR) on the small
cap market of the NASDAQ Stock Market in the United States of America. Each ADR is the
equivalent of 20 ordinary shares and the trading symbol is APCFY.
Potential (Opinion)
Atlas Pacific Limited is just beginning to reap the benefits of its multi-year pearl production
process. At the end of 2000 they had approximately 650,000 oysters in the water, ranging from
juvenile animals (3 cm in size) to second operation oyster shell (16 cm plus). 1999 saw harvesting
and selling of 19,381 pearls. 2000 had 48,443. And 2001 is projected to yield 52,100 saleable
Pearls. The increased production combined with increased pearl prices should make 2001 APCFY's
most profitable year to date. The 2001 projection of $2.00 EPS, if combined with a realistic
P/E ratio of 5-20, could result in a stock price of $10-$40 within the next 12 months. (IMO)
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Financial Information
Share Information
Total Shares Outstanding of Common: 2,740,000
Fully Diluted shares: 1,400,000
Valuations as of 12/31/2000
EPS .81
Book Value $2.17
Current Ask (06/01/01) $2.42
P/E 3
Industry average 36
2001 Estinated EPS: $2.00+
atlaspacific.com.au
Dividends
The company has now been established on a successful physical and profitable production basis,
and based on the projection of continued profits, the Board has adopted a policy of paying
dividends, which will hopefully commence in late 2001 or early 2002. The timing and the amount
of these dividends will depend on the availability of appropriate levels of cash reserves
and decisions that the Board must consider in relation to future capital expenditure in the
project.
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Links
Atlas Pacific Limited web site (lots of information)
atlaspacific.com.au
Raging Bull
ragingbull.lycos.com
Australian Stock Exchange
asx.com.au
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All of the above information was gleaned from the companies web site, press releases, and the
APCFY threads on Silicon Investor and Raging Bull.
This information has been compiled by me, an independent investor, and is presented to be as
accurate as possible according to the information that I have been able to obtain from public
sources. This should NOT be assumed exact, but is presented as a starting point for research
purposes. |
