PE is measured historically and not always the best metric to look at a growth stock like PNI. in my view, Until PNI either consolidates its aggressive growth strategy or their affiliates performance and subsequent inflows tank, their past performance will demand a share price that reflects a super high PE. Fortunately neither has happened as of yet although the sell off has been pretty severe. Down from $19 to $12.50 in the space of a few months. I bought in at $15 so nicely underwater at the minute but i sold out of MFG at $36 to fund my investment in PNI so not feeling too aggrieved with how its turned out.
And if i had to choose one, i know which camp i'd rather be in for the long term
Ann: Market update, page-13
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add PNI (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$19.98 |
Change
-0.150(0.75%) |
Mkt cap ! $4.059B | |||
| Open | High | Low | Value | Volume |
| $19.84 | $20.04 | $19.80 | $22.29M | 1.115M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2730 | $19.93 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $19.99 | 1250 | 1 |
View Market Depth
| Last trade - 16.10pm 01/11/2024 (20 minute delay) ? |
| PNI (ASX) Chart |