I still maintain my view though that if you got it a good price, why get rid of it? Who cares if the P/B value is at a record - what asset in today's market is not frothy relative to historical standards except for a house in a place like Broken Hill maybe?
What price you got it at is irrelevant.
Why would you not dispose of a fundamentally overvalued security if you are able to re-invest the proceeds in something which is fundamentally undervalued?
For that is the very essence of wealth creation: BUY Cheap and SELL Expensive
There are ~2,200 stocks listed on the Australian Stock Exchange; I can find a number of that large population that are fundamentally undervalued.
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Last
$228.10 |
Change
-0.300(0.13%) |
Mkt cap ! $86.93B |
Open | High | Low | Value | Volume |
$228.00 | $229.90 | $227.66 | $76.98M | 336.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1636 | $228.10 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$228.29 | 1000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 34 | 239.500 |
1 | 14 | 238.360 |
1 | 180 | 237.770 |
1 | 1 | 233.240 |
1 | 40 | 229.800 |
Price($) | Vol. | No. |
---|---|---|
216.700 | 823 | 2 |
219.660 | 162 | 5 |
220.000 | 121 | 2 |
223.450 | 50 | 1 |
223.650 | 24 | 1 |
Last trade - 16.10pm 17/09/2024 (20 minute delay) ? |
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