PNV Media Thread, page-2595

PNV on The Motley Fool today - not endorsing the opinions expressed, just an interesting read.

David Williams

Chairman

polynovo.com.au

ASX Code: PNV

M +61 414 383 593

E [email protected].au

Guesswhich ASX All Ords share turned a $30,000 investment into $1 million

This stock has gained 3,860%over the last 10 years.

Brooke Cooper

October 272022

Keypoints

· TheAll Ordinaries Index is having a rough year, falling 11% year to date. Lookingto the longer term, however, the index has gained more than 50% over the lastdecade

· Andthat gain has been dwarfed by shares in All Ords healthcare companyPolynovo

· Itsshare price has surged from 5 cents this time 10 years ago to trade at $1.98today, potentially making millionaires out of shareholders in themeantime

It’s been a rough year so far for fans of AllOrdinaries Index (ASX: XAO) shares. The benchmark index hasdumped 11% since the start of 2022.

Suchfalls can be deflating. But, if you need a reminder of the rewards thatinvesting on the ASX can bring, we’ve found one.

We’retaking a close look at an All Ords favourite that has gained a whopping 3,860%over the last ten years. Such gains have the potential to make millionaires outof shareholders.

Withoutfurther ado, here’s the All Ords share that’s turned a $30,000 investment intomore than $1 million.

This All Ords share turned$30,000 into $1m

Didyou invest in Polynovo Ltd (ASXNV) shares in 2012? If you did, give yourself a pat on the back.

Thecompany develops medical devices, focusing on its NovoSorb technology, and its stock hashad a whopping ten-year run on the ASX.

Indeed,buying $30,000 worth of Polynovo shares ten years ago would have seen aninvestor pay around 5 cents apiece for approximately 600,000 shares.

Today,that investment would be worth a mindblowing $1.19 million.

Rightnow, the Polynovo share price is $1.98 – 5.6% higher than its previous close.For comparison, the All Ords index has risen 0.6% on Thursday.

Butthat’s nothing compared to the stock’s all-time high. The Polynovo share pricereached a high of $4.08 in December 2020.

Atthat point, that figurative 600,000-strong parcel of the All Ords company’sshares would be worth a whopping $2.45 million – representing an 8,000% return on investment.

Wishingyou got on board Polynovo shares back in 2012? Me too.

Though,it’s worth keeping in mind the broader market has also posted a notable gainover the last decade.

The All Ords Index haslifted more than 50% in that time – including this year’s tumble.