Australian (ASX) Stock Market Forum

SOL - Washington H. Soul Pattinson and Company

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am normally in tune with SOL management

but could be equally irritating by just posting my form back ( i hold less than 100 SOL )

WOW never listen when i held thousands of WOW ( much reduced now ) , good luck , maybe somebody at SOL will notice , maybe even find a compromise for you
 
SOL to pay 36c ff dividend on 12 May. Total dividend for 2023FY is 94c ff.

My travel fund is still healthy with funds and will be topped up.
 
Belli said:
SOL to pay 36c ff dividend on 12 May. Total dividend for 2023FY is 94c ff..
Click to expand...
Always good to see, and receive, dividends that increase, yearly.

I note SOL has sold down some of their large cap holdings (cleaning up Milton portfolio?) . Some of the capital has been reallocated but also now holding a significant amount of cash. .. $476 million or 5% of total.

• February 2023, the total portfolio outperformed the Index by 2.0% as our defensive portfolio settings gain traction in the current market
OUTLOOK
• Strong cash reserves and active pipeline of investment under consideration
• Seeking to deploy capital into robust, defensible business models and uncorrelated assets
• Long-term view assists investing through market volatility
• Entering a stock pickers market with an opportunity for value investors to take advantage of increasing price for risk.
 
Dona Ferentes said:
Always good to see, and receive, dividends that increase, yearly.
Click to expand...

Very true.

Link to the HY23 Results Investor Presentation which has a breakdown of each of the segments in SOL


Not overly thrilled about the RFG funding* and participating in the placement but it's relatively small bikkies. Rubbish coffee as well to rub salt into the wounds.

*When the banks won't lend to you, look elsewhere but you're really going to pay for it.
 
Belli said:
Came across this while scrolling through the ASX announcements.


SOL held c 9m shares in TOT (an REIT) on December 2019. Sold approx 5m shares in August and no longer a substantial holder. It seems that over three years TOT hasn't been a great performer in share price appreciation compared with the ASX 200.
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maybe SOL doesn't like the direction change of TOT

i hold SOL , and have held TIX in the past ( a 360 REIT focusing on industrial sheds at the time )

TIX was a great income stock while i held it , not much capital gain and other shareholders forced a strategy change , so i exited
 
4:10pm on Friday ..."the fattest of fat fingers .... or, what?"
Screenshot_20230918-105121_CommSec.jpg

.
 
divs4ever said:
given SOL is currently down another 5%( ish ) ... 'or what' may be the correct answer
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no its not "down " at all... its 33.83 or about where it was trending last week. and allowing for today's general market ... a big trade went through at 36 at market close, that was an outlier.
 

The ASX's dividend champion might soon be on the hunt for bargains​


www.marketindex.com.au

The ASX's dividend champion might soon be on the hunt for bargains

Washington H. Soul Pattinson might be on the hunt for bargains in the next few months, says executive chairman Robert Millner.
www.marketindex.com.au www.marketindex.com.au

i hold SOL

at $30 plus , i won't be looking to add extra shares , but will be watching where they invest

please remember they normally invest in companies that take a while to recover from a stressful episode ( maybe three to five years to come back to a robust balance sheet )
 
SOL has reported. Dividend is $0.51c ff payable on 12 December. It's doing "stuff" as it usually does. Haven't gone through the annual report as I don't find it an interesting activity.
 
clearly setting themselves up as a differentiated investment house (in Oz, at least)
.... and increasing staff numbers to do so.

moving into Private Equity and Structured Yield
Screenshot_20230928-090423_Drive.jpg

.
and large caps (Milton legacy) out the door
.
Large Caps
21% of total portfolio (vs 31% in FY22)
• Actively managed Australian listed equities generating consistent income and capital growth over the long-term
1. Total portfolio return in the period was 8.0% vs return of 11.7% for the ASX200 Accumulation Index (XJO Total Return)
• Net Cash Flow up 1.4% vs pcp
• Reflects deliberate decision to hold a defensive but concentrated portfolio as interest rates rise
• Net sold $860m of equities to accumulate cash for future opportunities
• Smaller number of high conviction investments
• Proactive management style with a focus on industry themes and company fundamentals
 
Dona Ferentes said:
posted by @finicky in the BKW thread, this is a good insight into SOL. How do they succeed? Good people.
Click to expand...
must be doing the rounds .. that was Millner, and now Todd Barlow (I miss Ticky Fullerton )

www.livewiremarkets.com

Soul Patts is axing equities for alternatives amid a worsening economic climate

We sat down with Soul Patts' CEO Todd Barlow for a deep dive into the team's investment strategy.
www.livewiremarkets.com www.livewiremarkets.com

.
  • 0:00 - Intro
  • 0:44 - Highlights from Soul Patts FY23 report
  • 1:26 - The board is confident that cash generation and dividend increases can continue
  • 2:05 - Where Soul Patts is seeing opportunity within listed investments
  • 3:24 - How Soul Patts is allocating to small and large-cap equities
  • 3:55 - A better understanding of Soul Patts' investment team
  • 4:45 - A deep dive into private equity and structured yield investments
  • 6:46 - For investment bankers: What it takes for a business to make the grade
  • 8:25 - What it will take for Soul Patts to put its $911m war chest to work
  • 9:20 - The risks Soul Patts sees on the horizon and the chance of a recession
  • 11:04 - How Soul Patts performs during dislocations
  • 12:03 - Three future-facing themes (and how Soul Patts is allocating to these)
 
wow. the Millner boys have a bit of a penchant for these things.
.
...only thing I don't get "Three future-facing themes (and how Soul Patts is allocating to these) " ... funds management is a bit old n use by-ed
 
Dona Ferentes said:
wow. the Millner boys have a bit of a penchant for these things.
Click to expand...


Seems to be the case. Enterprising lads and lasses.

I only hold a modest 10,000 SOL shares and last bought back in April 2020 @ $17.15. Haven't followed them much apart from when it's dividend is to hit the account - which is on Tuesday next week (followed by WHF the next day. Yippee!)
 
Another insightful coup by Greg Canavan of fat tail investment advisory who has been backing PPT .
Disclosure:
A pay per social media comment announcement.
 

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