Buying stocks on a PE of 75-80 in this market is utter madness
The stock is worth $5.2Bn+ at $60 per share, it has run more than 100% in a year and has NPAT of just $78M
It is pumped up on hype of technology integration and the instos use the extremely illiquid register to prop it to ridiculous heights
The divi yield is pathetic, the stocks financials are not sounds as analysts try to purport and offering 50% discounts all week isn't a good look
If punters held from $5-9 then well done, you've ridden one of the most overpriced Blue chips to it highs, but IMO $61-62 will be DMP's all time highs
Even at a $2Bn valuation, I wouldn't be screaming value here. $78M NPAT is not going to make anyone rich, heaven forbid they can't engineer figures round after round
what the hell happened?, page-9
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Last
$33.50 |
Change
0.400(1.21%) |
Mkt cap ! $3.046B | |||
| Open | High | Low | Value | Volume |
| $33.33 | $33.56 | $32.97 | $10.98M | 329.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 159 | $33.43 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $33.54 | 1098 | 2 |
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| Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
| DMP (ASX) Chart |