• Australian (ASX) Stock Market Forum

SOL - Washington H. Soul Pattinson and Company

Discussion in 'Stocks Q-Z' started by System, Aug 27, 2011.

Tags:
  1. System

    System Administrator

    Posts:
    1,740
    Likes Received:
    1
    Joined:
    Jun 27, 2010
    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
     
  2. Taltan

    Taltan Well-Known Member

    Posts:
    177
    Likes Received:
    0
    Joined:
    Jan 22, 2009
    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.
     
  3. skc

    skc Well-Known Member

    Posts:
    7,773
    Likes Received:
    20
    Joined:
    Aug 12, 2008
    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.
     
  4. So_Cynical

    So_Cynical The Contrarian Averager

    Posts:
    6,094
    Likes Received:
    4
    Joined:
    Aug 31, 2007
    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.
     
  5. SeekingYields

    SeekingYields Member

    Posts:
    15
    Likes Received:
    0
    Joined:
    Sep 2, 2013
    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.
     
  6. SeekingYields

    SeekingYields Member

    Posts:
    15
    Likes Received:
    0
    Joined:
    Sep 2, 2013
  7. Judd

    Judd Well-Known Member

    Posts:
    1,049
    Likes Received:
    0
    Joined:
    Jun 10, 2006
    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.)
     
  8. piggybank

    piggybank Well-Known Member

    Posts:
    871
    Likes Received:
    0
    Joined:
    Oct 4, 2012
    A Daily P&F Update:-

    140407 - SOLs.gif
     
  9. SmokeyGhost

    SmokeyGhost Well-Known Member

    Posts:
    73
    Likes Received:
    0
    Joined:
    Apr 25, 2015
    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.
     
  10. trinity168

    trinity168 New Member

    Posts:
    4
    Likes Received:
    0
    Joined:
    Aug 19, 2014
    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.

    2016-09-20 12_35_12-Clipboard.jpg
     
  11. Muschu

    Muschu Well-Known Member

    Posts:
    1,091
    Likes Received:
    0
    Joined:
    Feb 9, 2008
    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 :rolleyes:

    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.
     
  12. trinity168

    trinity168 New Member

    Posts:
    4
    Likes Received:
    0
    Joined:
    Aug 19, 2014
    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.

    2016-12-20 17_47_40-Clipboard.jpg

    14% total return.
     
  13. Muschu

    Muschu Well-Known Member

    Posts:
    1,091
    Likes Received:
    0
    Joined:
    Feb 9, 2008
    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
     
  14. So_Cynical

    So_Cynical The Contrarian Averager

    Posts:
    6,094
    Likes Received:
    4
    Joined:
    Aug 31, 2007
    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.
     
  15. ROE

    ROE Well-Known Member

    Posts:
    2,946
    Likes Received:
    0
    Joined:
    Jan 5, 2007
    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 :)
     
  16. So_Cynical

    So_Cynical The Contrarian Averager

    Posts:
    6,094
    Likes Received:
    4
    Joined:
    Aug 31, 2007
    Interesting, i haven't looked at AHZ before, SOL only hold around 1%
     
Loading...

Share This Page