If I were a holder, I'd much prefer a fully franked dividend... Or a return of capital.
If they used the entire cash holding to buy back shares. trailing EPS would rise 1.2%... Wouldn't shareholders prefer a 30c special dividend, plus some franking credits? (only ~$3m in FC, but it's still something). Then they can decide whether or not to buy more PME shares with that money.
EDIT: I get it, this thing is growing profits very quickly. But even at today's prices it seems awfully expensive at over 100* Trailing PE
Add to My Watchlist
What is My Watchlist?
 (20min delay)
|
|||||
|
Last
$317.34 |
Change
-0.350(0.11%) |
Mkt cap ! $33.15B | |||
| Open | High | Low | Value | Volume |
| $318.00 | $320.18 | $313.61 | $58.36M | 184.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 490 | $317.00 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $317.34 | 226 | 2 |
View Market Depth
| Last trade - 16.10pm 11/07/2025 (20 minute delay) ? |
| PME (ASX) Chart |