RMD is the most quality of stocks available on ASX, strong products, dynamic& visionary management, SH friendly company. I have seen their huge growith especially in India which is still in nascent stage may be only 0.5-1% population penetration imagine this to increase to 5-8% of Indian population using their products and remainder 4-5% FPH products, similar scenario in China.....
Huge and LT growth prospects, I hold this stock since $5 days and have no intent to sell before 2030!!
Day to day fluctuations doesnt bother me and anything like this is good add on opportunity for me so I bought another 1000 of this baby in my kitty at 13.09 today.....
Coming to P/E most of Australian companies who have 0 growth commands p/e of 12-18 including banks, supermarkets, coca cola etc so if the companies with no growth or negative growth commands a p/e of ~18 why RMD growing at 10%+ (annualised) cant deserve a p/e of 40??????
This is one of those quality company which will assist me big time in my super for my retirement and I dont get any sleepless nights ever with this stock.....
With growing populations in India and China this baby has huge potential in next decade!!
RMD will be $15+ in no time...and we shall hit new 52 wk high before next set of results if general markets dont break big time....
dyor
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Last
$35.60 |
Change
0.400(1.14%) |
Mkt cap ! $21.83B |
Open | High | Low | Value | Volume |
$35.61 | $35.74 | $35.40 | $16.98M | 476.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 7829 | $35.55 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$35.60 | 2020 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 7829 | 35.550 |
1 | 1304 | 35.540 |
3 | 1325 | 35.510 |
4 | 949 | 35.500 |
1 | 1304 | 35.430 |
Price($) | Vol. | No. |
---|---|---|
35.700 | 1753 | 4 |
35.720 | 820 | 1 |
35.740 | 1361 | 1 |
35.750 | 2407 | 4 |
35.760 | 1304 | 1 |
Last trade - 16.10pm 14/10/2024 (20 minute delay) ? |
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