seriously what is going on here. 8% increase in share price. profit basically matched its extremely high expectations.
On current profit, its 40 times earnings. so it would need to 3 fold earnings over a set period just to justify the share price, assuming time value of money is discounted. which it clearly isnt anymore
Investment banks are using artificially low discount rates on high PEG defensives to justify even greater price targets , and the spiral just continues.
bubble.
very overvalued - a bubble
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Last
$339.06 |
Change
-5.510(1.60%) |
Mkt cap ! $22.20B | |||
| Open | High | Low | Value | Volume |
| $337.16 | $342.23 | $336.00 | $47.23M | 139.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 299 | $338.84 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $339.32 | 68 | 2 |
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| Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
| COH (ASX) Chart |