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SOL - Washington H. Soul Pattinson and Company

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Washington H. Soul Pattinson and Co. Limited’s (SOL) principal activities include ownership of shares and properties, coal mining and retailing of pharmaceutical products. The company’s main operating subsidiaries are New Hope Corporation and Pitt Capital Partners.

http://www.whsp.com.au
 

There main shareholding is in BKW which owns large chunk of SOL which is why they're run jointly. There presumably is a good reason for this unusual structure although I am not myself aware of it.
 
Taltan said:
There main shareholding is in BKW which owns large chunk of SOL which is why they're run jointly. There presumably is a good reason for this unusual structure although I am not myself aware of it.
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Takeover defence was the main aim.

I am against companies that focus on takeover defence. It should always be the shareholders who decide whether they wish to sell or not.
 
skc said:
Takeover defence was the main aim.

I am against companies that focus on takeover defence. It should always be the shareholders who decide whether they wish to sell or not.
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I can see the attraction for the long term investor...park your money and forget about it, dividends every 6 months for ever...this is one of the main attractions for me with closely held stocks where there's 1 major holder with over 50% and maybe the top 20 holding over 85% of the stock = a high probability of long term ownership certainty.
 
I'm a shareholder of SOL and am frustrated with this cross ownership structure they have with Brickworks. Both stocks as a result are trading well below there fair values.
 
SeekingYields said:
Things are going to start happening now! I've always rated the Perpetual investment team very highly, very confident there will be a positive outcome

http://www.businessday.com.au/business/carnegie-ups-pressure-on-brickworks-20131023-2w0n1.html
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Personally, I am the opposite. I've never considered Perpetual great fund managers, merely index huggers in the main. And index hugging, while ripping fees out for the privilege, is a bit different from running a company for a profit (as opposed to considering share price fluctuations as being the be all and end all.)
 
SeekingYields said:
Things are going to start happening now! I've always rated the Perpetual investment team very highly, very confident there will be a positive outcome

http://www.businessday.com.au/business/carnegie-ups-pressure-on-brickworks-20131023-2w0n1.html
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Was curious whether there was a thread on SOL. Lo and behold there is. Seems something did start. PPT and Carnegie Group appear to have given the game away.

Always wondered why they focused on SOL/BKW and not CIN/AHD in regard to the concept of repressing shareholders.
 
A newbie here. Not much discussion on SOL. I don't hold it but am looking to buy into SOL mainly for income/dividend stream. Looking for an entry price, as it feels on the high side of the 52 week mark.

 
My son has just bought this as a possible long term hold. I see it has been very ordinary these past few months....

However the long term chart is of interest [I know the dialogue about the past not being a predictor of future performance.... ] bit if you've held since 1981 when it was 33 cents I doubt whether you'd be complaining.

So $655 in another 36 years... Fun to think about - although I'll be well over a 100 yo by then

As someone said SOL seems to attract little discussion - although I note around 1400 trades today.

I'm not good at analysing stocks but are the fundamentals pretty solid?

Comments welcome if anyone is interested.
 
Not sure if your estimate considered dividends from SOL. It is a nice, boring stock for a buy and hold person like myself.

This is a chart from the last 10 years, with 10K invested.



14% total return.
 
No I wasn't including dividends... I think these are just under 4% fully franked.

We have a SMSF and our holds are generally boring.... Also probably not diversified enough.

Might spend some more time investigating SOL.

Thanks for the comment and chart.

Regards
 
Muschu said:
I'm not good at analysing stocks but are the fundamentals pretty solid?

Comments welcome if anyone is interested.
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I almost bought that dip in early 2015, around $12 great value then, they have mountains of cash and little to no debt, more an investment company now than anything else...boring solid growth and FF dividends twice a year for ever.
 
This is a solid company with good management and investment track record, they been around for a long while now, I dont have any but I know a fair bit about them.

One of these business where I wait for a crash, NTA drop and investment return drop sharply then buy in and if it never happen it doesnt really matter, I have dozen or two business I keep an eye out for when the time come.

They recently bought around 2.6m shares in AHZ which I hold which give me a bit of confident boost
 
ROE said:
They recently bought around 2.6m shares in AHZ which I hold which give me a bit of confident boost
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Interesting, i haven't looked at AHZ before, SOL only hold around 1%
 
Belli said:
Took a deep breath and topped up with a few of these yesterday.
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I also dived yesterday Thursday to buy few. The fundamentals are so strong. The market must have more and more expectations so the result could not fill up their appetites.
 
HelloU said:
toot toot (no idea why)
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Come on, you can do better than that. Let's not turn this place into HC.

Even throwing up a chart would have been more informative. $16.50 to $28 in eight months is pretty impressive.

 
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