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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PME
pro medicus limited
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0.96%
!
$317.69

High PE in a bear market will raise eye brows for any...
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Last
$317.69 |
Change
3.010(0.96%) |
Mkt cap ! $33.18B |
Open | High | Low | Value | Volume |
$319.39 | $325.00 | $316.78 | $73.46M | 230.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 225 | $317.55 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$320.05 | 734 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 225 | 317.550 |
1 | 3 | 317.500 |
1 | 245 | 317.340 |
1 | 248 | 317.140 |
1 | 70 | 317.000 |
Price($) | Vol. | No. |
---|---|---|
320.050 | 734 | 1 |
320.430 | 90 | 1 |
320.490 | 4 | 1 |
320.550 | 2 | 1 |
320.630 | 385 | 1 |
Last trade - 16.10pm 10/07/2025 (20 minute delay) ? |
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PME (ASX) Chart |