I like SRX. I think it will pullback further and even hit the $7 mark. Given the market is also running out of puff as well, the pullback will likely hit companies like SRX harder.
Currently I think its too expensive and too much is priced in too soon. A PE of around 20 - 25 is more realistic given their growth prospects. CSL is now on a PE of 25, and its a lot larger and more stable.
I think the fundamentals are good and the potential catalyst for wider usage is great.
I like SRX. I think it will pullback further and even hit the $7...
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Last
17.0¢ |
Change
-0.005(2.86%) |
Mkt cap ! $72.15M | |||
| Open | High | Low | Value | Volume |
| 17.5¢ | 17.5¢ | 17.0¢ | $212.0K | 1.212M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 10550704 | 17.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 17.5¢ | 171428 | 1 |
View Market Depth
| Last trade - 16.10pm 08/08/2024 (20 minute delay) ? |
| SRX (ASX) Chart |