High PE in a bear market will raise eye brows for any intelligent investor right now.
Personally this has only just entered an accumlation zone for me but my buys are small - I anticipate a continuation of scary headlines for the rest of the year really. I am increasing my cash reserves overall but happy to average down in small parcels to hedge against the possibility of being wrong but I am only buying compelling offers. There are plenty going around right now.
PME is a well run business, no debt, proven record and the future looks bright - I think this is priced into the current share price and that should leave holders with a degree of confidence.
In the aftermath of the GFC many quality companies had share prices in the realm of 80% down. Those good companies that come back have gone on to create truly life changing gains for those brave enough to buy in. There is a good chance that that opportunity could be present in PME.
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- Why or Why does this keep Tanking
PME
pro medicus limited
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1.36%
!
$314.20

Why or Why does this keep Tanking, page-8
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Last
$314.20 |
Change
4.220(1.36%) |
Mkt cap ! $32.82B |
Open | High | Low | Value | Volume |
$312.00 | $315.66 | $309.65 | $53.80M | 171.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 758 | $313.03 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$314.20 | 59 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 758 | 313.030 |
1 | 15 | 313.000 |
1 | 293 | 312.760 |
1 | 230 | 312.560 |
1 | 243 | 312.360 |
Price($) | Vol. | No. |
---|---|---|
314.200 | 59 | 1 |
314.600 | 1 | 1 |
315.090 | 756 | 1 |
315.200 | 100 | 1 |
315.420 | 64 | 1 |
Last trade - 16.10pm 08/07/2025 (20 minute delay) ? |
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PME (ASX) Chart |