Australian (ASX) Stock Market Forum

WHF - Whitefield Industrials

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after the Hayne Royal Commission outcome , i will NOT be pursuing ESG approaches , because the Royal Commission highlighted a failure in many large corporations , poor corporate governance , and lacklustre regulatory oversight , so what chance 'sustainability' in an ever-changing world is a valid investment mantra .

i hope the investment team at WHF ( and all other LICs ) stay with straight sensible investment strategies , and not choose the latest fashion to attract new capital inflows .
 
wait for the opportunity ( BKW is heavily connected to property construction ) and see if BKW or SOL is the superior place to put NEW money at that time

BKW has more potential growth but also more potential risk ( from economic cycles )

sure my BKW holding is larger ( than the SOL holding ) but i needed to bias towards growth in my investing strategy

when the property bubble bursts i will check the opportunities available ( it might work out banks are the sweetest buy at that time )

cheers
 
divs4ever said:
after the Hayne Royal Commission outcome , i will NOT be pursuing ESG approaches , because the Royal Commission highlighted a failure in many large corporations , poor corporate governance , and lacklustre regulatory oversight , so what chance 'sustainability' in an ever-changing world is a valid investment mantra .

i hope the investment team at WHF ( and all other LICs ) stay with straight sensible investment strategies , and not choose the latest fashion to attract new capital inflows .
Click to expand...

You really do have problems by conflating the word Sustainability in ESG in the context of the Hayne Royal Commission. The Commission was not about environmental issues and you know that or at the minimum you should. Your posts are complete rubbish. They are just a collection of random and unrelated thoughts which spring to your mind.
 
Belli said:
Looks like MLT holders got the short end of the stick by my reading.
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Yes & no & then again maybe (?). For the long term buy & hold investor with a preference for LICs, well, SOL is not an LIC, also if they have a holding of SOL this merger will increase their % of SOL which they might not be happy with. Plus is that MLT share price jumped from trading below NTA to well above NTA. Seems many or some chose to sell triggering capital gains, which some are not happy with unless in super in pension mode, then decision as to where to re-invest. For those who hold, they are swapping MLT at a smaller premium to NTA for SOL which it appears, has NTA of $22 or thereabouts with share price around $30 ( I could look this up for better accuracy, but I won't).
Thus 'short end of the stick'? Good if you're happy to sell,nice profit, bad for all the other reasons.
 
ESG should not be solely about environmental issues either

AND if it is it shouldn't be a major theme in investment decisions

to me ESG is a well run business that doesn't leave a cess-pit behind ( when it uses bankruptcy to avoid the clean-ups )
 
monkton said:
Yes & no & then again maybe (?). For the long term buy & hold investor with a preference for LICs, well, SOL is not an LIC, also if they have a holding of SOL this merger will increase their % of SOL which they might not be happy with. Plus is that MLT share price jumped from trading below NTA to well above NTA. Seems many or some chose to sell triggering capital gains, which some are not happy with unless in super in pension mode, then decision as to where to re-invest. For those who hold, they are swapping MLT at a smaller premium to NTA for SOL which it appears, has NTA of $22 or thereabouts with share price around $30 ( I could look this up for better accuracy, but I won't).
Thus 'short end of the stick'? Good if you're happy to sell,nice profit, bad for all the other reasons.
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i do not hold MLT , but when faced with similar take-overs i strongly prefer a scrip component when there is an option ( MOST of the time )
 
monkton said:
Think it's on their website in the report that this will be taken into consideration. Will attempt to look this up sometime & post a link if I can.
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I've been looking at it. The WHF prescription seems to call mining out as unfriendly to the environment. ... I have no idea what that means, by the way. - and they won't own mining stocks.
Whitefield's ESG approach is both strategic through the exclusion of Resource stocks, and tactical through our quantitative assessment
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I am amazed at such a statement. The whole thrust to a decarbonised future is through so called green solutions, and these seem very much dependent on technology based on things like rare earths, lithium, minerals like Ni, Co etc. And the absolute irony is these resources need to be extracted, as they exist in 1% type concentrations and involve complex metallurgical processes to extract. To get to a lower CO2 world involves orders of magnitude more effort.

Basically, WHF are signalling their virtue.
 
Dona Ferentes said:
I've been looking at it. The WHF prescription seems to call mining out as unfriendly to the environment. ... I have no idea what that means, by the way. - and they won't own mining stocks.


I am amazed at such a statement. The whole thrust to a decarbonised future is through so called green solutions, and these seem very much dependent on technology based on things like rare earths, lithium, minerals like Ni, Co etc. And the absolute irony is these resources need to be extracted, as they exist in 1% type concentrations and involve complex metallurgical processes to extract. To get to a lower CO2 world involves orders of magnitude more effort.

Basically, WHF are signalling their virtue.
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Exactly so.
 
divs4ever said:
ESG should not be solely about environmental issues either

AND if it is it shouldn't be a major theme in investment decisions

to me ESG is a well run business that doesn't leave a cess-pit behind ( when it uses bankruptcy to avoid the clean-ups )
Click to expand...

No need to knock, walk right in.

Echo chamber.jpg
 
i keep forgetting to watch the preference shares on these ( looking for an entry price )

good luck
 
WHF paid its dividend today. After the usual provisioning for expenses, etc, over 50% of it will go back into the share market this morning. MIRNB as I am preferring exposure away from the bigger entities and I already have a swag full of them anyway due to my other holdings.
 
On August 16th, 2022, Whitefield Ltd changed its name to Whitefield Industrials Limited.
 
Whitefield Ltd changed its name to Whitefield Industrials Limited.

This change seeks to highlight that the company invests solely in the Industrial segment of the market (being all industries other than Resources). This investment approach provides investors with a broad exposure to the Australian economy, an emphasis on sustainable, non-extractive industries and a 60% lower carbon emissions intensity than the ASX200.
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  • Financials ........................... 38.04%
  • Health Care ........................ 14.04%
  • Real Estate .......................... 8.79%
  • Consumer Discretionary ... 8.16%
  • Industrials ............................7.93%
  • Consumer Staples ............. 7.68%
  • Communication Services .. 5.15%
  • Information Technology .... 3.93%
  • Materials .............................. 3.89%
  • Utilities ................................. 1.69%
  • Cash ....................................... 0.71%
 
Haven't added to the WHF holding for a while mainly due to getting my nose out of joint with its actions of doing a placement which I considered at the time was not the best thing by the shareholders.

Its latest quarterly report hints it will pay a steady 10.25c ff dividend in December.
 
What is this mob doing with another SPP? Initial thoughts are if I do participate it will not be a large amount as I already hold plenty.
 

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