@woollydog Good post. Same here, in my living memory I haven't seen P/Es for these (and add in AUI &DUI) as high as they are now. All to do with the safe $ return as opposed to Fixed Interest I guess.
I always use after tax NAV when assessing where a stock is at. (contrary to most others I think)
The worry is when inflation rears its head again (not soon?) and interest rates rise to contain it, these share prices will drop accordingly.
Lately I took the top off my ARG AFI AUI MIR and planted it in SNC PIC & WMA. (yes I know they are smaller). I do hold WMI and sold all WAX earlier this year.
Cheers Riv
Overbought?, page-6
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Last
$3.38 |
Change
0.000(0.00%) |
Mkt cap ! $656.5M | |||
| Open | High | Low | Value | Volume |
| $3.38 | $3.41 | $3.34 | $301.6K | 89.69K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 20746 | $3.37 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.44 | 8000 | 1 |
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| Last trade - 15.55pm 09/10/2024 (20 minute delay) ? |
| MIR (ASX) Chart |