It is reasonable to sell off (although myself I am not selling). A company like PEXA is currently valued as for massive growth every year and almost forever. Right? This is not realistic of course. In a simplistic way, if the reported 24m NPATA for half year remains the same forever.. we have say $50m per year. PEXA sells for $2.3b, so unless there is growth we have a current P/E of ~46 (2300/50)... growth did not come.. thus the sell off.
But I am not selling.. this company is too good despite the upcoming slow down in the property sector that may last few years.
It is reasonable to sell off (although myself I am not selling)....
Add PXA (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$13.88 |
Change
-0.100(0.72%) |
Mkt cap ! $2.462B | |||
| Open | High | Low | Value | Volume |
| $13.96 | $13.97 | $13.81 | $2.425M | 174.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 965 | $13.81 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $13.89 | 800 | 2 |
View Market Depth
| Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
| PXA (ASX) Chart |