RMD is the most quality of stocks available on ASX, strong products, dynamic& visionary management, SH friendly company. I have seen their huge growith especially in India which is still in nascent stage may be only 0.5-1% population penetration imagine this to increase to 5-8% of Indian population using their products and remainder 4-5% FPH products, similar scenario in China.....
Huge and LT growth prospects, I hold this stock since $5 days and have no intent to sell before 2030!!
Day to day fluctuations doesnt bother me and anything like this is good add on opportunity for me so I bought another 1000 of this baby in my kitty at 13.09 today.....
Coming to P/E most of Australian companies who have 0 growth commands p/e of 12-18 including banks, supermarkets, coca cola etc so if the companies with no growth or negative growth commands a p/e of ~18 why RMD growing at 10%+ (annualised) cant deserve a p/e of 40??????
This is one of those quality company which will assist me big time in my super for my retirement and I dont get any sleepless nights ever with this stock.....
With growing populations in India and China this baby has huge potential in next decade!!
RMD will be $15+ in no time...and we shall hit new 52 wk high before next set of results if general markets dont break big time....
dyor
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Last
$37.39 |
Change
0.390(1.05%) |
Mkt cap ! $22.38B |
Open | High | Low | Value | Volume |
$37.30 | $37.39 | $37.07 | $9.449M | 253.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 44 | $37.32 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$37.39 | 2573 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 13767 | 14.400 |
2 | 17668 | 14.390 |
3 | 20967 | 14.380 |
2 | 14124 | 14.370 |
4 | 21382 | 14.360 |
Price($) | Vol. | No. |
---|---|---|
14.430 | 22863 | 3 |
14.440 | 27216 | 4 |
14.450 | 46627 | 8 |
14.460 | 34563 | 7 |
14.470 | 22668 | 7 |
Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
RMD (ASX) Chart |