~15x revenue, proforma growth ~10%pa, seems very much overvalued.
Key things for me are also: inability to set their own prices, they charge a fee not a commission.
Reading their prospectus, I don't have a clue why they are valued so high. I am probably missing something but it isn't clear at all.
IPO, page-2
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Last
$14.26 |
Change
-0.030(0.21%) |
Mkt cap ! $2.525B | |||
| Open | High | Low | Value | Volume |
| $14.15 | $14.39 | $14.15 | $365.5K | 25.56K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 18 | 846 | $14.24 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $14.25 | 59 | 2 |
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| Last trade - 12.14pm 08/10/2024 (20 minute delay) ? |
| PXA (ASX) Chart |