Here's an alternative view which you may not like. APT is the most overpriced ASX Large Cap in decades. In fact Poseidon Nickel (1969-70) is probably the only other large ASX company I can think of with a valuation so totally detached from reality. The hype lasted just four months before it crashed spectacularly. The company never recovered and was wound up in 1976.
https://www.firstlinks.com.au/fifty-years-ago-poseidon-made-todays-waaax-look-waned
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- SHare Purchase plan at $66 tomorrow Or Buy at Market
SHare Purchase plan at $66 tomorrow Or Buy at Market, page-156
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