PNV on The Motley Fool today - not endorsing the opinions expressed, just an interesting read.
David Williams
Chairman
polynovo.com.au
ASX Code: PNV
M +61 414 383 593
E [email protected].au
Guesswhich ASX All Ords share turned a $30,000 investment into $1 million
This stock has gained 3,860%over the last 10 years.
October 272022
Keypoints
· TheAll Ordinaries Index is having a rough year, falling 11% year to date. Lookingto the longer term, however, the index has gained more than 50% over the lastdecade
· Andthat gain has been dwarfed by shares in All Ords healthcare companyPolynovo
· Itsshare price has surged from 5 cents this time 10 years ago to trade at $1.98today, potentially making millionaires out of shareholders in themeantime
It’s been a rough year so far for fans of AllOrdinaries Index (ASX: XAO) shares. The benchmark index hasdumped 11% since the start of 2022.
Suchfalls can be deflating. But, if you need a reminder of the rewards thatinvesting on the ASX can bring, we’ve found one.
We’retaking a close look at an All Ords favourite that has gained a whopping 3,860%over the last ten years. Such gains have the potential to make millionaires outof shareholders.
Withoutfurther ado, here’s the All Ords share that’s turned a $30,000 investment intomore than $1 million.
This All Ords share turned$30,000 into $1m
Didyou invest in Polynovo Ltd (ASX
NV) shares in 2012? If you did, give yourself a pat on the back.
Thecompany develops medical devices, focusing on its NovoSorb technology, and its stock hashad a whopping ten-year run on the ASX.
Indeed,buying $30,000 worth of Polynovo shares ten years ago would have seen aninvestor pay around 5 cents apiece for approximately 600,000 shares.
Today,that investment would be worth a mindblowing $1.19 million.
Rightnow, the Polynovo share price is $1.98 – 5.6% higher than its previous close.For comparison, the All Ords index has risen 0.6% on Thursday.
Butthat’s nothing compared to the stock’s all-time high. The Polynovo share pricereached a high of $4.08 in December 2020.
Atthat point, that figurative 600,000-strong parcel of the All Ords company’sshares would be worth a whopping $2.45 million – representing an 8,000% return on investment.
Wishingyou got on board Polynovo shares back in 2012? Me too.
Though,it’s worth keeping in mind the broader market has also posted a notable gainover the last decade.
The All Ords Index haslifted more than 50% in that time – including this year’s tumble.
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Last
$2.54 |
Change
0.120(4.96%) |
Mkt cap ! $1.754B |
Open | High | Low | Value | Volume |
$2.50 | $2.54 | $2.43 | $4.835M | 1.931M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
30 | 81780 | $2.52 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.54 | 5610 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
30 | 81780 | 2.520 |
3 | 10984 | 2.510 |
2 | 14823 | 2.500 |
2 | 14823 | 2.490 |
2 | 28063 | 2.480 |
Price($) | Vol. | No. |
---|---|---|
2.540 | 5610 | 4 |
2.550 | 32017 | 8 |
2.560 | 29288 | 5 |
2.570 | 19781 | 3 |
2.580 | 11846 | 3 |
Last trade - 16.10pm 12/09/2024 (20 minute delay) ? |
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