numbers still don't stack up even with the further price decline, not in a world where 10 year bonds are trading at 4.5%-5%.
Risk premium to risk free return is still too low, given that at best EDV is a 'slow growth sluggard'.
Forward PE of over 17times, PE/Growth rate far in excess of 2, RoE, Dividend to risk free return + risk premium.
None stack up at the moment.
Happy on the sidelines.
The best hope I think for EDV holders is for inflation to come down significanntly and thus for long term bond yields to decline significantly.
If interest rates stay higher for longer EDV will still underperform in my opinion.
Happy on the sidelines.
Patience.. patience...
Ann: F23 Third Quarter Trading Update, page-86
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Last
$5.45 |
Change
-0.030(0.55%) |
Mkt cap ! $9.760B | |||
| Open | High | Low | Value | Volume |
| $5.50 | $5.52 | $5.42 | $27.14M | 5.038M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 458 | $5.43 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.45 | 45649 | 4 |
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| Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
| EDV (ASX) Chart |