I've found the PE to be unreliable for some of these investments. Some deep pockets might be willing to risk a higher PE than others and make it impossible for any conservative investors to get in, until growth slows.
I still think the earnings were great. My guess with today's action is someone wasn't happy and wanted out but someone else wanted in. Will be interesting to see what happens over the coming days.
Ann: PME Full year results, page-16
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Last
$179.02 |
Change
1.260(0.71%) |
Mkt cap ! $18.70B | |||
| Open | High | Low | Value | Volume |
| $177.38 | $181.28 | $177.00 | $24.00M | 133.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 121 | $179.00 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $179.25 | 275 | 1 |
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| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| PME (ASX) Chart |