They service Australia only and already have 99%+ market share. So the key is when competition comes online and PEXA are forced to squeeze their margins + not have real future growth potential (let's face it, are they going to overturn UK etc where they are trying to break into? Highly unlikely).
At $2.45bn valuation, and last half NPAT of negative ~$4m, what hope is there for a real return? PXA appears way overvalued.
Ann: PEXA Group Response to ARNECC Ministerial Forum, page-12
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Last
$13.88 |
Change
-0.100(0.72%) |
Mkt cap ! $2.462B | |||
| Open | High | Low | Value | Volume |
| $13.96 | $13.97 | $13.81 | $2.425M | 174.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 965 | $13.81 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $13.89 | 800 | 2 |
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| Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
| PXA (ASX) Chart |