Do you have any examples of companies that have stagnated revenue - not profit - for any serious length of time - say, over 5 years - who have had soaring SPs? Plenty examples of soaring SPs and no profit (AMZN for its first decade). I'm not sure I can think of any normal (not mining) companies that had any sustained SP growth without at least revenue growth.
Ann: 1H23 Results Presentation, page-33
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