I like this stock but it's had a very good run. $15B is a pretty hefty market capitalisation for those earnings and relatively modest underlying growth.
Government budgets are going to tighten and margins must be vulnerable on a 24 month horizon. I thought it was getting stretched at $26 and got out too early but at anything over $30 I think the rubber band has to come back at some point. I believe today's result might be the catalyst.
I like this stock but it's had a very good run. $15B is a...
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Last
$26.10 |
Change
0.350(1.36%) |
Mkt cap ! $12.53B | |||
| Open | High | Low | Value | Volume |
| $25.81 | $26.18 | $25.70 | $23.65M | 907.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 230 | $26.09 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $26.12 | 9452 | 2 |
View Market Depth
| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| SHL (ASX) Chart |