Correction, it was floated at less than the $5 I had mentioned above.... Not a bad little run in the past 25 years.. For something that was spun off from a government entity... Little cut and paste from a google search on CSL Float, keeping in mind the statement was 29th September 2016.. when it was only $100 +13433% gain......
So today..... that same initial $10K investment is worth just shy of $3M... Its just not a share you sell, unless some who have to when it breaches 25% of their total portfolio, not that they want too..
It originally floated at $2.30 per share in 1994 but given all the share buybacks the company has embarked on, the adjusted entry price is equivalent to around 76 cents. An initial $10,000 investment in CSL would now be worth over $1.3 million with more than $140,000 dividends paid in that time.
Check the link, as some other notable shares have been split, lemons, bit the dust... ASX is also a treasure trove of information for those who are keen to learn all about shares... I was lucky as had a grandfather who loved to chat about this type of stuff as he was an ex CFO himself... But even he bought and held some dogs, as we all do...
https://www.asx.com.au/education/investor-update-newsletter/201610-shares-that-have-rewarded-investors-many-times-over.htm
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Last
$288.21 |
Change
1.930(0.67%) |
Mkt cap ! $139.5B |
Open | High | Low | Value | Volume |
$286.56 | $290.44 | $285.15 | $147.0M | 510.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 173 | $288.12 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$288.24 | 935 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 5 | 288.100 |
1 | 75 | 287.850 |
1 | 3952 | 287.820 |
1 | 1302 | 287.720 |
1 | 884 | 287.640 |
Price($) | Vol. | No. |
---|---|---|
288.370 | 114 | 1 |
288.420 | 891 | 1 |
288.430 | 45 | 1 |
288.670 | 263 | 1 |
288.790 | 2399 | 2 |
Last trade - 16.10pm 01/10/2024 (20 minute delay) ? |
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