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.
Sorry to be somewhat late in replying but as a former long term...
Add PME (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$112.66 |
Change
-3.350(2.89%) |
Mkt cap ! $11.76B | |||
| Open | High | Low | Value | Volume |
| $115.91 | $117.26 | $112.19 | $42.71M | 375.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 602 | $112.61 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $112.91 | 731 | 1 |
View Market Depth
| Last trade - 16.10pm 21/05/2024 (20 minute delay) ? |
|
|||||
|
Last
$112.40 |
Change
-3.350 ( 3.51 %) |
||||
| Open | High | Low | Volume | ||
| $116.16 | $117.23 | $112.24 | 60966 | ||
| Last updated 15.59pm 21/05/2024 ? | |||||
| PME (ASX) Chart |