I think that is a good comment about people saying the "market" is expensive probably not looking at these kind of small cap stocks. That commentary is more likely aimed at large caps.
Plenty of small solid companies on the ASX which are well run and currently priced at a PE of 10X or so.
Ann: Trading Update for the Financial Year ended 30 June 2021, page-17
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Last
42.5¢ |
Change
-0.005(1.16%) |
Mkt cap ! $57.00M | |||
| Open | High | Low | Value | Volume |
| 43.0¢ | 43.0¢ | 41.0¢ | $7.687K | 18.36K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 764 | 41.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 43.0¢ | 36792 | 2 |
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| NTD (ASX) Chart |