According to my chart, TLX closed at $12.50 on 22/6 last year. This was at the peak of the run that started a few months earlier. The intraday price peaked at $12.75, and only that day and the following did the price get over $12.50 at any point.
On 29/2 the price closed at $12.44 and that late Feb period was the first time in a while the price got close to that $12.50 mark. Now, for the second time, the close is at $12.50
How much of a resistance that $12.50 is remains to be seen. The price action in 2024 has a very "breakout pennant" sort of vibe.
In response to @mnbvcxz12345 I completely agree that TLX is not being priced for growth. But again I think ASX investors are conservative and have a believe-it-when-they-see-it approach.
Just popped over to see that PME has $10b market cap based on ~$150m annualised sales. But then they pay about $30-40m of that out on dividends. It's only software innit? When I flicked through the anual report I couldn't find a line item for R&D, I guess it's all bundled into their staff costs. (and given they talk about AI radiology imaging they must be doing some sort of R&D, hmm?)
Now PME's business model is going to be very different to TLX. I think the fact that the outgoings are much much lower, and it pays a dividend, makes it much more a model that the ASX understands.
But still, there's a company that's priced for growth.
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According to my chart, TLX closed at $12.50 on 22/6 last year....
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Last
$18.15 |
Change
2.410(15.3%) |
Mkt cap ! $6.064B |
Open | High | Low | Value | Volume |
$16.90 | $18.17 | $16.80 | $62.95M | 3.568M |
Buyers (Bids)
No. | Vol. | Price($) |
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7 | 43922 | $18.14 |
Sellers (Offers)
Price($) | Vol. | No. |
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$18.18 | 2335 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 2243 | 18.120 |
1 | 550 | 18.110 |
1 | 2000 | 18.100 |
1 | 17 | 18.030 |
1 | 300 | 17.980 |
Price($) | Vol. | No. |
---|---|---|
18.180 | 2335 | 2 |
18.190 | 121 | 1 |
18.200 | 845 | 3 |
18.220 | 19272 | 2 |
18.240 | 7275 | 2 |
Last trade - 16.10pm 31/05/2024 (20 minute delay) ? |
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Last
$18.11 |
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Change
2.410 ( 15.4 %) |
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Open | High | Low | Volume | ||
$16.87 | $18.16 | $16.80 | 588531 | ||
Last updated 15.59pm 31/05/2024 ? |
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