That's true, the strategy of holding very high quality companies has paid off handsomely in the last 12 months, well done.
However, when viewing the 5 major portfolio sales and the 5 major portfolio purchases in recent months, I'm not altogether comfortable. For example, sales of REA, REH and CAR replaced with purchases of IGO, LAU and RGN!
Is management trading out fully valued high quality businesses for inexpensive average businesses? Will this capital, in after tax dollar adjusted terms, earn a greater return from these new investments? I have my doubts, but I'll give them some time to assess it.
That's true, the strategy of holding very high quality companies...
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add MIR (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$3.32 |
Change
-0.010(0.30%) |
Mkt cap ! $644.9M | |||
| Open | High | Low | Value | Volume |
| $3.34 | $3.34 | $3.32 | $164.6K | 49.40K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 33023 | $3.32 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.35 | 6621 | 1 |
View Market Depth
| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| MIR (ASX) Chart |