I think it is, investors like me that got into SYD with a very long term outlook (e.g. no real intention to ever sell) are really short changed here when you consider the potential future returns. If they're prepared to pay that much during the worst period ever for travel, what was it worth pre-covid?
I'm in UniSuper so I'm overweight anyway on SYD. It's been a great ride from $3.60ish.
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