"risky trade given you could have made same argument to a greater or lesser degree all throughout CSL's listed history and to date it was always the wrong trade. ie . you were always better off remaining in CSL than trading down to a supposedly cheaper share."
@W534220
Your argument is a bit flawed in that it fails to consider that never before in CSL's history was the stock trading at its current record valuation multiples at the same time that a global pandemic caused other high-quality companies to raise capital to shore up their balance sheets at attractive discounts to their current share prices (share prices which are at multi-year lows to begin with).
For example, I am selling my CSL shares to participate in the following capital raisings:
AIA @ $4.52
REH @ $7.60
FLT @ $7.20
SCP @ 2.20 (I wasn't a shareholder, so I didn't don't to participate in the Share Purchase Plan (SPP) which is offered at $2.16, but I am buying shares on-market today for an average price of around $2.20).
I strongly expect that allocating my capital to those opportunities will enhance my financial position more than keeping my capital in CSL shares.
And I have taken minimum positions in each of the major banks, as well as a few other financial sector and other large cap stocks which I think are candidates for capital raisings which will include SPPs, and possibly invitations to subscribe in excess of SPP offerings.
Along the lines of the following thinking:
https://hotcopper.com.au/posts/43903447/single
- Forums
- ASX - By Stock
- CSL
- Blood supply shortage in the US
Blood supply shortage in the US, page-59
-
- There are more pages in this discussion • 9 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add CSL (ASX) to my watchlist
|
|||||
Last
$309.72 |
Change
0.430(0.14%) |
Mkt cap ! $149.6B |
Open | High | Low | Value | Volume |
$310.10 | $311.54 | $308.61 | $295.6M | 953.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
8 | 14819 | $309.72 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$310.00 | 36 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 905 | 309.570 |
1 | 73 | 309.480 |
2 | 4623 | 309.400 |
1 | 858 | 309.240 |
1 | 731 | 309.220 |
Price($) | Vol. | No. |
---|---|---|
310.000 | 36 | 1 |
310.170 | 482 | 1 |
310.500 | 64 | 1 |
310.560 | 500 | 1 |
310.630 | 716 | 1 |
Last trade - 16.10pm 31/07/2024 (20 minute delay) ? |
Featured News
CSL (ASX) Chart |
The Watchlist
CCO
THE CALMER CO INTERNATIONAL LIMITED
Anthony Noble, CEO
Anthony Noble
CEO
SPONSORED BY The Market Online