I listened in to the webcast by the CEO on the results today. All very positive and still plenty of growth in the pipeline.
That said I still do not understand the metrics around this one
65 cents per share in revenue
41 cents per share in before tax profit
15c per share FF dividend
29.6 cents per share earnings or a P/E of 220 at today's close.
I sold some of my holding into today's rally at an average price of around $62.60 as my PME holding was getting to be a very large part of my portfolio. I may miss out on some further growth but comfortable with my decision.
I retain 25% of my original holding (bought in 2014 at 78c) and will now watch from here.
PME Price at posting:
$65.35 Sentiment: Hold Disclosure: Held
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(20min delay)