Sorry to be somewhat late in replying but as a former long term holder of this quality stock run by quality management may I offer some points;
PME has always traded outside the bounds of what is typically textbook metrics applied to quality companies and, investors have been happy to pay the appropriate share price - albeit at what some may perceive as being a premium. Indeed most industry commentators over the years have referred to the company as being a gold class investment.
For instance, only last year, in April 2021 their valuation increased by $1.4B to $7.3B and this year the price has suffered as a result of global inflation.
Finally, adding in a weekly chart I would be content to suggest that it could potentially bounce from this level.
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Last
$131.17 |
Change
-2.050(1.54%) |
Mkt cap ! $13.69B |
Open | High | Low | Value | Volume |
$133.00 | $133.23 | $130.72 | $28.88M | 219.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 212 | $131.15 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$131.21 | 104 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 38 | 130.500 |
1 | 7 | 130.320 |
1 | 84 | 130.200 |
2 | 292 | 130.100 |
1 | 13 | 130.040 |
Price($) | Vol. | No. |
---|---|---|
131.510 | 13 | 1 |
133.230 | 15 | 1 |
133.500 | 115 | 2 |
133.700 | 200 | 1 |
133.990 | 187 | 1 |
Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
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Last
$131.37 |
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Change
-2.050 ( 1.01 %) |
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Open | High | Low | Volume | ||
$132.60 | $133.13 | $130.73 | 41315 | ||
Last updated 15.59pm 14/06/2024 ? |
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PME (ASX) Chart |