1Mon·

Hermes

I'm curious to see when it will continue, or that it will remain at the current P/E ratio of 50 in the range between €2150 and €2200 😁 For me, this is a share that you can hold for an eternity. But you always have to be a bit cautious, especially in the luxury sector, things can always go up and down very quickly. $RMS (-0.93%) but one of my favorites for the long term

2 Comments

Raymond@Reddington

1Mon

Overpriced share with hardly any performance. Plus French sources and transaction tax. I really don't know what's good about it

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RealMichaelScott@RealMichaelScott

3Wk

@Leah99 You can always argue about price and valuation.

What do you mean by "hardly any performance"? In the last 15 years, it has performed 19% per year (i.e. almost quadrupled in total). Sounds anything but bad to me.

The French withholding tax is only a problem if the tax is not reclaimed. Traderepublic no longer collects the full tax (25%) but the reduced rate (12.8%).

The only thing that can't be ignored is the French financial transaction tax, which only applies to purchases (0.4% of the purchase amount).

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