I sold out of a 4% portfolio position on market open. To my reckoning the price was too high for underlying growth of 3% over the (I think) pcp. Apparently they are forecasting 6-8% organic for the year. I get plenty wrong too so will have to see what the fundies think (i.e. share price action). Like you when I read the first page it looked great, but dig a bit deeper and it was pretty disappointing.
To any long term holders this is a great company and would have held on if the price was not so high. Currently even CSL on a PE of 40 and growth of 10-12% p.a. seems a little better value.
Only time will tell if I regret my decision, as I don't like to sell quality companies.
Ann: CEO Presentation Half Year Results to 31 December 2019, page-5
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Last
$26.10 |
Change
0.350(1.36%) |
Mkt cap ! $12.53B | |||
| Open | High | Low | Value | Volume |
| $25.81 | $26.18 | $25.70 | $23.65M | 907.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 230 | $26.09 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $26.12 | 9452 | 2 |
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| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| SHL (ASX) Chart |