Presumably the market, at some point, casts it gaze over at what's happening here:
Because if the trend over the past 6 months in risk-free investment yields continues (and I have no idea whatseover if they will or if they will tomorrow turn back down again) then presumably at some stage 35x P/E (or 40x or whatever it now is for ARB, on a sustainable earnings basis) starts to look relatively unappealing.
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News: ARB ARB Corp Says Half Year Revenue Rose 21.6% To A$284 Million, page-19
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Last
$37.80 |
Change
-0.670(1.74%) |
Mkt cap ! $3.112B | |||
| Open | High | Low | Value | Volume |
| $38.38 | $38.60 | $37.56 | $6.154M | 162.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2146 | $37.80 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $37.84 | 196 | 1 |
View Market Depth
| Last trade - 16.10pm 26/06/2024 (20 minute delay) ? |
| ARB (ASX) Chart |