Presumably the market, at some point, casts it gaze over at what's happening here:
Because if the trend over the past 6 months in risk-free investment yields continues (and I have no idea whatseover if they will or if they will tomorrow turn back down again) then presumably at some stage 35x P/E (or 40x or whatever it now is for ARB, on a sustainable earnings basis) starts to look relatively unappealing.
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Presumably the market, at some point, casts it gaze over at...
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Last
$37.96 |
Change
-0.680(1.76%) |
Mkt cap ! $3.147B | |||
| Open | High | Low | Value | Volume |
| $38.35 | $38.72 | $37.68 | $2.960M | 77.54K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 57 | $37.95 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $37.98 | 524 | 10 |
View Market Depth
| Last trade - 13.30pm 19/06/2024 (20 minute delay) ? |
| ARB (ASX) Chart |