Thanks for that.
I too have been concerned that their very high margins would result in pushback from customers however Sam addressed that in his results briefing.
It would seem that the ROI for the end users remains compelling and there is not a realistic alternative that can deliver the same outcome so customers are not in a position to leverage the price down.
The revenues are also primarily usage based so more exams = more revenue which is also no doubt a very tiny % of each consultation bill.
The other thing that came out in the call was that they are getting to renew some contracts without going back to tender so it is clearly a win win situation.
I had expected the price to drift back a bit after the run into the 60s but it hasn't done so - will probably keep my remaining shares now having pocketed considerable profits over the journey.
Thanks for that.I too have been concerned that their very high...
Add PME (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$117.48 |
Change
-3.750(3.09%) |
Mkt cap ! $12.26B | |||
| Open | High | Low | Value | Volume |
| $121.56 | $122.51 | $117.36 | $23.41M | 196.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 294 | $117.47 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $117.63 | 47 | 1 |
View Market Depth
| Last trade - 16.10pm 04/06/2024 (20 minute delay) ? |
|
|||||
|
Last
$117.36 |
Change
-3.750 ( 3.43 %) |
||||
| Open | High | Low | Volume | ||
| $121.78 | $122.51 | $117.36 | 18727 | ||
| Last updated 15.59pm 04/06/2024 ? | |||||
| PME (ASX) Chart |