The trouble is the valuation. Still on a PE over 50, whereas in previous years often under 40 ( as per Commsec data over past 10 years), and in a rising interest rate environment you need extremely strong growth to justify such lofty valuation. The slightest hiccup, even just slightly less growth than expected, and the share price can get slammed by the market.
I've been holding since $7.70 but am waiting for a big pullback before buying more. If the pullback doesn't occur, so be it. Continue to hold
TNE to double in size in 5 years?, page-114
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Last
$24.16 |
Change
0.020(0.08%) |
Mkt cap ! $7.878B | |||
| Open | High | Low | Value | Volume |
| $24.09 | $24.33 | $23.99 | $13.43M | 556.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 3352 | $24.08 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $24.18 | 2421 | 1 |
View Market Depth
| Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
| TNE (ASX) Chart |