Yes the growth in propel is in the aquesitions. When they slow down their purchases of businesses their growth will stall.
They buy small funeral businesses on a pe of about 10. Then investors pay a pe of 25 for the same dollar of earnings.
Once they have run out of businesses to buy, this becomes a dividend stock.
Ann: Performance Fee, page-11
Add PFP (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$5.69 |
Change
-0.080(1.39%) |
Mkt cap ! $784.9M | |||
| Open | High | Low | Value | Volume |
| $5.75 | $5.75 | $5.63 | $228.8K | 40.25K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1017 | $5.69 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.71 | 296 | 1 |
View Market Depth
| Last trade - 16.10pm 19/11/2024 (20 minute delay) ? |
| PFP (ASX) Chart |