Cast your mind back to June 2014 when SCG was split off from WFD. The Lowy's announced the sale of the Australian assets in the new SCG entity and retained their stake in WFD which held the international assets. The AUD was buying just over 0.94 US cents on 30 June 2014.
Assuming you had a crystal ball and knew the AUD would be 19% lower at 0.76 today. Who would have thought that over the next 3 years SCG would outperform WFD? I certainly wouldn't have and if you read the news articles from the time I'm pretty sure I'm not alone and that was without the benefit of hindsight on the currency move.
Food for thought...
WFD Price at posting:
$7.99 Sentiment: Hold Disclosure: Held
