Agree, it isn't cheap. mqg is basically low /no growth but a pe expansion has driven the price to rocket.
It hasn't even passed the figures from 2019. So people are paying a premium for growth that is only yoy off a low base and not actual growth over 5 years. Go look at the figures yourself over 5 years and then look at the share price when the figures were higher in 2019 Vs the price now.
Also, new CEO took over in 2018... so it appears to have just run on momentum from previous management team and slowed as a result.
I know this won't make an impact on the true believers here but I enjoy being right long term, not short termI'll just wait for the big correction back to the mean PE wise for mqg...
$200 Party, page-172
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Last
$203.61 |
Change
0.410(0.20%) |
Mkt cap ! $77.97B | |||
| Open | High | Low | Value | Volume |
| $204.00 | $204.86 | $202.94 | $81.23M | 399.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 197 | $203.60 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $203.61 | 659 | 1 |
View Market Depth
| Last trade - 16.10pm 03/07/2024 (20 minute delay) ? |
| MQG (ASX) Chart |