The TNE result last week was very good. However it is trading at a 35x P/E ratio. This is one of the few stocks not to take a bath over the last 10 weeks. Every decent stock in my portfolio has had the sh1t kicked out of them with P/E ratio's being slashed in the process. So why is TNE any different. It isn't. So the day after the results were released I sold my holding at $5.65
Now, it seems, senior management agree with me and they have started selling too. Unfortunately for holders I think the Technology One P/E Ratio will contract quite quickly.
So good luck in deciding whether to Sell, Hold or Buy
Cheers..............Daicosisgod
Ann: Change in substantial holding, page-4
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Last
$30.49 |
Change
-0.160(0.52%) |
Mkt cap ! $7.662B | |||
| Open | High | Low | Value | Volume |
| $30.91 | $30.91 | $30.05 | $26.76M | 880.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 2042 | $30.48 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $30.58 | 3065 | 3 |
View Market Depth
| Last trade - 16.10pm 27/11/2024 (20 minute delay) ? |
| TNE (ASX) Chart |
