"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...
-
- There are more pages in this discussion • 51 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add PME (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$134.83 |
Change
1.010(0.75%) |
Mkt cap ! $14.07B | |||
| Open | High | Low | Value | Volume |
| $134.19 | $137.74 | $134.11 | $34.08M | 251.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 640 | $134.83 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $134.90 | 94 | 1 |
View Market Depth
| Last trade - 16.10pm 16/07/2024 (20 minute delay) ? |
| PME (ASX) Chart |