The company is already at close to AUD$120bn market cap. If it were to increase say 5-6 fold from here it would be the largest pharma company in the world by a long shot, far surpassing Pfizer etc. Actually it would be a top 10 global company. I just can’t see it. Nevertheless I also missed the current boom. It’s current PE already bakes in future earnings at $120bn market capital as well. I’d argue their is more downside risk than upside... just my 2 cents. I wouldn’t be buying at this level.
Index funds indiscriminately buy this as they have to. Props it up to a degree given illiquidity and large pension funds shifting to passive index investing given they never beat the index via high paid active managers.
Those who still hold this from the $20s or even pre split/IPO well done. I didn’t and admit I was wrong.
CSL has more upside..., page-19
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Last
$283.39 |
Change
-3.270(1.14%) |
Mkt cap ! $137.9B | |||
| Open | High | Low | Value | Volume |
| $285.50 | $285.81 | $282.18 | $37.10M | 130.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 29 | $283.38 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $283.40 | 100 | 17 |
View Market Depth
| Last trade - 13.28pm 13/11/2024 (20 minute delay) ? |
| CSL (ASX) Chart |