As a long term (over 5 yrs) holder I have had the same thoughts a number of times over the last year or so as we passed $20, $25, and now $30.
Current PE is well over 150 which beggars belief. However, given the size of the US market there is no reason why revenues could not double again this year and given the SAAS business model this would pretty much all go to the bottom line which could see profits increase way more than 100% - so I am guessing that is the driver for the price rise ....
Ann: PME Full year results, page-18
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Last
$137.66 |
Change
2.760(2.05%) |
Mkt cap ! $14.37B | |||
| Open | High | Low | Value | Volume |
| $136.42 | $138.52 | $135.84 | $20.18M | 146.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1353 | $137.18 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $137.70 | 18 | 1 |
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| Last trade - 16.10pm 29/07/2024 (20 minute delay) ? |
| PME (ASX) Chart |