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.
Ann: Company Announcement - Interim Results, page-39
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 (20min delay)
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Last
$117.82 |
Change
-3.410(2.81%) |
Mkt cap ! $12.46B | |||
| Open | High | Low | Value | Volume |
| $121.56 | $122.51 | $117.53 | $17.33M | 144.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 34 | $117.80 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $117.91 | 180 | 7 |
View Market Depth
| Last trade - 15.42pm 04/06/2024 (20 minute delay) ? |
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Last
$117.36 |
Change
-3.410 ( 3.43 %) |
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| Open | High | Low | Volume | ||
| $121.78 | $122.51 | $117.36 | 17537 | ||
| Last updated 15.59pm 04/06/2024 ? | |||||
| PME (ASX) Chart |