Wow. DMP is continuing the theme of high P/E stocks continuing to outperform upon reporting solid if not stellar results.
This time last year I experienced the wild mood swings of the market during reporting season for the first time and realised that I needed to keep plenty of cash on hand to take advantage of irrational movements.
This year, I have hardly had the opportunity to deploy that cash because the market has suddenly become much more tolerant.
Here's Mr. Padley using DMP to make a point. DYOR.
http://www.smh.com.au/money/investi...rs-advice-taking-profits-20160814-gqs2g2.html
Good FY16 result, page-112
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Last
$35.27 |
Change
0.750(2.17%) |
Mkt cap ! $3.261B | |||
| Open | High | Low | Value | Volume |
| $34.25 | $35.27 | $34.22 | $16.17M | 461.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 600 | $35.02 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $35.27 | 8061 | 4 |
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| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| DMP (ASX) Chart |