PME out with another set of strong results posted as some highlights following the AGM. I sold out IRL a while back, pre the big tech sell off only to watch the resilience in PME share price. Especially hard as compared to not selling xero and watching it crater.

Back to the results, they have said they have considered a few acquisitions however none have yet met the criteria, and then go on to acknowledge the tech sell off and that they expect this will create further acquisition targets for them. I know there are conflicted views on this but I think they would surely have to consider Volpara, however others have commented that they don’t see this as likely.

Regardless. Strong results and some interesting comments from a solid management team with a heap of cash to play with. Will be interesting to see how it gets spent.