FNArena’s Weekly Insights – October 21 2019
This month marks the 25th anniversary of CSL ((CSL)) as a listed company on the ASX. In fitting fashion, shares in Australia’s highest quality global success story surged to an all-time high of $253 in October.
Looking back, corrected for share splits, the initial opportunity to add some CSL shares to anyone’s portfolio translates to circa 76.7c per share on the first day of public trading. In other words, regardless of what the immediate future holds, the investment return from owning CSL shares over the period has been nothing short of ginormous.
This realisation becomes even more so when one considers the share price graph over the period shows what looks like a steady, gradually rising uptrend unlike, say, Fortescue Metals which also reached a new all-time high in 2019.