I agree it has been overpriced lately, but if I sell, I am going to pay a good 15% of the proceeds out in GST (even after getting the GST discount), I will not get the GST free $2 capital return nor the fully franked dividend, and I will be hoping for it to drop down enough over the next 12 months so I can buy back in order to justify selling it in the first place.
Given I think it is a great company with a business, namely Bunnings, that has one of the best business moats available, I am happy to just stick with it and if it gets down into the 40's, I'll just happliy increase my holding. I also think Rob Scott has proven himself to be an outstanding capital allocator.
I hate selling really good businesses, even when they are overpriced. I just won't buy them when they are overpriced.
returning to PE of 18 to $ 29.66, page-82
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Last
$74.63 |
Change
-0.160(0.21%) |
Mkt cap ! $84.64B | |||
| Open | High | Low | Value | Volume |
| $75.80 | $76.05 | $74.42 | $162.1M | 2.243M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 30 | $74.58 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $74.63 | 3630 | 1 |
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| Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
| WES (ASX) Chart |