p/e contraction seems finally happening now we are at ~125, and i think from yesterday/today's price action with volume we shall see this baby at around ~80-90 p/e which is still expensive but okay for company with merits such as PME...
I am looking for reentry if at all it drops to that level highly unlikely but hey then its market and in current environment fundies shall be wary of high p/e companies resulting of ~30% NP growth.... as it may not classify as growth to command p/e circa 3 times of the growth...
Let dust settle and see where PME gets settled....
DYOR
p/e contraction seems finally happening now we are at ~125, and...
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Last
$120.12 |
Change
0.050(0.04%) |
Mkt cap ! $12.54B | |||
| Open | High | Low | Value | Volume |
| $124.46 | $124.73 | $120.12 | $706.0M | 5.864M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 4885 | $120.11 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $120.52 | 152 | 1 |
View Market Depth
| Last trade - 16.10pm 31/05/2024 (20 minute delay) ? |
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Last
$120.77 |
Change
0.050 ( 0.81 %) |
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| Open | High | Low | Volume | ||
| $124.08 | $124.68 | $120.58 | 367759 | ||
| Last updated 15.59pm 31/05/2024 ? | |||||
| PME (ASX) Chart |