Amazing how all the pessimists are coming out of the woodwork now. I'll eat my hat if this goes sub $10. I'd argue this is one of the greatest opportunities I've seen in the asx in recent times. Let the new contract deals flow in and all this scaremongering will subside.
Let's not forget PME has:
-strong pipeline of potential deals
-robust growth story still in tact
-scalability
-high margins
-cloud integration
-AI capabilities
This will come good. The 'PE is too high' argument is overblown. Management have previously stated the 2nd half of this FY will be strong. I believe they'll deliver.
To all holders feeling nervous, back yourself. Revisit the reasons why you initially invested. Look at the big picture, and stress less about the short term noise.
Amazing how all the pessimists are coming out of the woodwork...
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Last
$113.52 |
Change
1.420(1.27%) |
Mkt cap ! $11.85B | |||
| Open | High | Low | Value | Volume |
| $112.10 | $113.93 | $112.06 | $16.17M | 142.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 144 | $113.50 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $113.67 | 328 | 1 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
$113.59 |
Change
1.420 ( 1.11 %) |
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| Open | High | Low | Volume | ||
| $112.17 | $113.91 | $112.17 | 26535 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| PME (ASX) Chart |