Just because the SP has continued to rise, does not mean the current share price is justified. At the end of the day, it is overpriced but it should be overpriced based on the results they continue to release. It is the premium you pay for a high quality business.
One slip up from PME moving forward and it will see a horrific market reaction, that is the risk/reward you take if you decide to buy at these levels.
Ann: Company Announcement - Interim Results, page-17
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 (20min delay)
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Last
$122.92 |
Change
5.440(4.63%) |
Mkt cap ! $12.83B | |||
| Open | High | Low | Value | Volume |
| $119.83 | $122.92 | $118.79 | $49.73M | 407.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 255 | $122.13 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $122.92 | 5 | 1 |
View Market Depth
| Last trade - 16.10pm 05/06/2024 (20 minute delay) ? |
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Last
$122.57 |
Change
5.440 ( 4.23 %) |
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| Open | High | Low | Volume | ||
| $119.57 | $122.57 | $119.54 | 35858 | ||
| Last updated 15.59pm 05/06/2024 ? | |||||
| PME (ASX) Chart |