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clock Created with Sketch. 03/12/24
21:35
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Originally posted by Joffrey:
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The annual dividend yield is still tragically 2.95%. It is incredible this has happened and investors continue to carry such a high tolerance for a low return. Although our entire share market is overvalued. Xero is part of the ASX 20, has added 30% in the last month has PE ratio of 140. Pro Medicus is up 30% in the past month and is number 22 on the ASX with a PE ratio of 340. Wisetech is another ASX 20 stock with a PE ratio of 160. Companies with big market caps in the ASX 20 do not normally behave like this. No more than a bank should trade on 28 times earnings.
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Pretty everyone knows this,why not post how to sell and cut down on the huge capital gains that some have made, that would be better received but no doubt not blindly followed without checking?
(20min delay)