Yes, Old Engineer, CSL is a wonderful company. You bought in 25 years ago at the float price of $2.30 for 3 of today's shares. At the current price, $236.69, the shares have gone up 236.69/(2.30/3) = 308.71 times. The compound growth rate is ((308.71)^(1/25)-1)*100 = 25.8%. Over 25 years!And that doesn't include dividends, which are non-negligible, even though not large by Australian standards and not franked.
Perhaps a handful of big and reliable companies in the world can beat that performance (Amazon?), but let's not quibble. I'd say CSL is the best stock on the ASX. I ask myself what will happen if CSL 112 is not a success. Ok, then the shares might go down by 20-30%, but the overall conclusion about CSL's quality would remain valid.
Yes, Old Engineer, CSL is a wonderful company. You bought in 25...
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Last
$275.00 |
Change
1.700(0.62%) |
Mkt cap ! $132.8B | |||
| Open | High | Low | Value | Volume |
| $274.75 | $275.49 | $272.56 | $122.9M | 448.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 40 | $274.95 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $275.01 | 685 | 1 |
View Market Depth
| Last trade - 16.10pm 29/04/2024 (20 minute delay) ? |
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Last
$275.00 |
Change
1.700 ( 0.60 %) |
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| Open | High | Low | Volume | ||
| $274.80 | $275.48 | $272.60 | 29224 | ||
| Last updated 15.59pm 29/04/2024 ? | |||||
| CSL (ASX) Chart |