If I were a holder, I'd much prefer a fully franked dividend... Or a return of capital.
If they used the entire cash holding to buy back shares. trailing EPS would rise 1.2%... Wouldn't shareholders prefer a 30c special dividend, plus some franking credits? (only ~$3m in FC, but it's still something). Then they can decide whether or not to buy more PME shares with that money.
EDIT: I get it, this thing is growing profits very quickly. But even at today's prices it seems awfully expensive at over 100* Trailing PE
If I were a holder, I'd much prefer a fully franked dividend......
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Last
$317.69 |
Change
3.010(0.96%) |
Mkt cap ! $33.18B | |||
| Open | High | Low | Value | Volume |
| $319.39 | $325.00 | $316.78 | $73.46M | 230.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 225 | $317.55 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $320.05 | 734 | 1 |
View Market Depth
| Last trade - 16.10pm 10/07/2025 (20 minute delay) ? |
| PME (ASX) Chart |