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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$200 Party, page-126
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Last
$208.45 |
Change
2.650(1.29%) |
Mkt cap ! $79.55B | |||
| Open | High | Low | Value | Volume |
| $206.50 | $209.83 | $206.45 | $143.0M | 685.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1350 | $207.73 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $208.50 | 4 | 1 |
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| MQG (ASX) Chart |