"Hoping PME have another down day tomorrow so I can double down."
You got your wish.
I assume that the buy-back announced last year is still in force until circa 19 March, largely unused.
I wonder at what price PME will step in to draw a line in the sand?
They don't have enough spare cash to halt a flood by force of buying, but it sends a message.
I guess it depends on management's opinion on what a share of the business is worth at present.
There doesn't seem to be any indication that they have a pressing alternative use for the spare cash that would prevent them from buying some shares back.
I keep telling myself that, for every share sold in the last few days, there has been a willing buyer, but that refrain is wearing thin.
Cheers
"Hoping PME have another down day tomorrow so I can double...
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Last
$149.02 |
Change
8.020(5.69%) |
Mkt cap ! $15.56B | |||
| Open | High | Low | Value | Volume |
| $142.57 | $149.02 | $140.91 | $63.48M | 431.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 231 | $148.78 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $149.22 | 10 | 1 |
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| Last trade - 16.10pm 15/08/2024 (20 minute delay) ? |
| PME (ASX) Chart |