Yes indeed, but the risk reward skews unfavorably the more rich the valuation gets, and particularly as a company grows larger and is optimised for profitability. Eventually, there will be significant reckoning, as we saw recently with Audinate.
Ann: PME Full Year Results, page-21
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Last
$157.53 |
Change
2.370(1.53%) |
Mkt cap ! $16.46B | |||
| Open | High | Low | Value | Volume |
| $153.13 | $158.02 | $153.13 | $22.35M | 142.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 459 | $157.53 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $158.00 | 1080 | 2 |
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| Last trade - 16.10pm 09/09/2024 (20 minute delay) ? |
| PME (ASX) Chart |