Ann: Change of Director's Interest Notice, page-36

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.