I am quite convinced from the research which I have read that RMD remains a good medium term buy. The question is timing, it seems like that is some time between now and when we get some good news from new product introduction. And time and the lack of news isn't a good thing for a share price.
PE wise, its still above 20 but I suppose its okay for a growth stock. Probably one of the few undervalued growth stocks...together with QBE. i.e strong growth prospect and relatively low PE ratio. All the money seems to be in Zinifex, RIO and BHP.
director sell heaps, page-6
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Last
$28.64 |
Change
-0.140(0.49%) |
Mkt cap ! $18.15B | |||
| Open | High | Low | Value | Volume |
| $28.51 | $28.73 | $28.51 | $35.29M | 1.233M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 9450 | $28.62 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $28.64 | 107 | 1 |
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| Last trade - 16.10pm 09/07/2024 (20 minute delay) ? |
| RMD (ASX) Chart |