Competition is entering the market and PME needs to spend more.
Cash flow per share and P/E often ride the same wave and if costs are going to go up due to competition then P/E will normalise with cash flow per share.
Doesn't discount the five year unicorn cycle it has been on. It will keep growing but likely easy money has been made.
Competition is entering the market and PME needs to spend more....
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Last
$116.46 |
Change
3.290(2.91%) |
Mkt cap ! $12.15B | |||
| Open | High | Low | Value | Volume |
| $118.25 | $120.73 | $115.70 | $46.07M | 392.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 952 | $116.45 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $116.57 | 3111 | 1 |
View Market Depth
| Last trade - 16.10pm 15/05/2024 (20 minute delay) ? |
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Last
$116.83 |
Change
3.290 ( 3.60 %) |
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| Open | High | Low | Volume | ||
| $118.74 | $120.67 | $115.70 | 53861 | ||
| Last updated 15.59pm 15/05/2024 ? | |||||
| PME (ASX) Chart |