JUKE, In every WES annual report one of the executives adds a...

JUKE,
In every WES annual report one of the executives adds a comment a couple of
lines long referring to a relative who had shares from when they first listed on
disallowed about 30 years ago. If they re-invested all the dividends in
WES shares they would now have an investment worth many hundreds of times
the value of their initial allocation of shares. It is a perfect illustration of the
effect of compounding. Look up one of the old reports if you have the time.

Of course if you were to sell them now about $48 per share would be subject to CGT.
If you are on a low income the CGT would not be much. However on a high income
the CGT may be 45% or whatever the top marginal rate is nowadays. Either way they
were a fantastic investment.