Podcast appearances and mentions of Washington H Soul

Wall St closed higher on Friday as the Dow Jones posted its best day in 2024. The Dow gained 1.52%, the S&P500 rose 0.8% whilst the tech-heavy Nasdaq fell 0.01% to end the trading week.Over in Europe, markets closed higher to end the month as investors await a rate decision from the European Central Bank. The STOXX600 closed the week 0.28% higher with most sectors closing the week off in the green with utilities jumping over 1% whilst tech fell 1.48%. Germany's DAX remained flat on Friday, the French CAC gained 0.18% and over in the UK the FTSE100 rose over half a percent.On the economic data front, Euro Zone inflation rose 2.6% in May, 0.1% higher than the analysts prediction of 2.5%.Locally on Friday, the ASX200 rose nearly one percent with all but one major sector ending the trading session in the green. Gains were led by the consumer staples and energy sectors which rose 1.91% and 1.77% respectively. This was slightly offset by the real estate sector which fell 0.21% by the closing bell.What to watch today:The Australian share market is set to open higher, with the SPI futures suggesting a rise of 0.49% at market open this morning.On the commodities front this morning, Oil is trading 0.94% lower at 77 US dollars and 18 cents a barrel as US stockpiles rose by 2 million barrels last week, despite forecasts for a 400,000-barrel draw, indicating week demand. Gold is trading 0.72% lower at 2327 US dollars an ounce and iron ore is trading 0.09% lower at 117 US dollars and 52 cents a tonne.Trading Ideas:Bell Potter has upgraded its rating of Brickworks (ASX:BKW) to a buy and has a 12-month price target of $29.50. The buy rating is maintained by Bell Potter as it is their opinion that the biggest driver of value in the BKW valuation is the company's 26% shareholding in Washington H. Soul. Pattinson which is estimated to be around 50% of the current enterprise value of the business. Bell Potter's market valuation on SOL shows a 3.6% discount, hence the rating has been upgraded to a buy.Trading Central has identified a bullish signal on NRW Holdings (ASX:NWH), indicating the stock price may rise from the close of $3.08 to the range of $3.28-$3.34, on a pattern formed over 25 days, according to the standard principles of technical analysis.

In this month's Business Breakfast, Morgans was privileged to have guest speaker Mr Todd Barlow the Chief Executive Officer of Washington H. Soul Pattinson. WHSP is a significant investment house with a portfolio encompassing many industries, including resources, building materials, telecommunications, financial services, education, among others. WHSP is invested across multiple asset classes, including listed equities, private equity, private credit, and property. In 2023, WHSP is proud to celebrate 120 years as a listed entity on the Australian Securities Exchange. Check out more from Morgans: Visit the Morgans website: www.morgans.com.au Check out our blog: www.morgans.com.au/Blog On Facebook: www.facebook.com/MorgansAU On Instagram: www.instagram.com/Morgans.Australia On Twitter: twitter.com/MorgansAU

Todd Barlow is the CEO of Washington H. Soul Pattinson & Co. Ltd (ASX: SOL), one of Australia's longest-running ASX-listed companies, an incredible investment company and long-term investment firm. Todd Barlow recently spoke with Owen Rask, Founder of The Rask Group, about the culture, competitive advantage and investing process of WHSP that allows the firm to outperform over decades. Resources: SHOW NOTES & VIDEO ASK A QUESTION HERE Join Owen's Rask Core 

Today we chat with Todd Barlow, CEO of Washington H. Soul Pattinson & Company Ltd (SOL) about the investment strategy behind their impressive returns.

Scott is joined by Motley Fool analyst Ed Vesely to talk about investment house Washington H. Soul Pattinson (ASX: SOL): What it does, what's impressive, the risks of an investment in the company, and why he thinks it's a Buy. See omnystudio.com/listener for privacy information.

Mark Moreland from Teaminvest and Scott Phillips from The Motley Fool go in-depth and stock specific. Stocks covered: SSM, FLT, MLD, PNI, HUM, MYR, STX, WTC, FMG, NAN. For our stocks for a 'crash' series, Mark and Scott picked Fisher & Paykel Healthcare (FPH) and Washington H. Soul Pattinson (SOL) respectively. See acast.com/privacy for privacy and opt-out information.

The S&P/ASX200 closed up Thursday, gaining 73 points or one per cent to 7,370, the US Federal Reserve offered a measured description of the taper to come. Wall Street rallied as did China's slow-motion trainwreck, Evergrande. In Hong Kong, shares in the property developer jumped over 20%. That doesn't erase the US$300 billion of debt, it won't cover the 80% shed since January and the company's fate remains the best cautionary tale for China's official narrators. On the local index energy, tech and bank stocks drove gains while a buying-back News Corp (NWS) led the boards, gaining 8.4%. Washington H. Soul Pattinson (SOL) the other rock star on Thursday. Brickworks (BXW), New Hope (NHC) and a bunch of other sensible investments driving a year full of revenue. Soul Patts' shares climbing 6%. To Friday, and victory.Our top three VODs:Three ASX defensive stocks with underappreciated upsideThe case for shunning China in favour of small, mid-capsBreaking up Evergrande meets China's goal of common prosperity See acast.com/privacy for privacy and opt-out information.

Robert Corlett from Maqro Capital and Luke Winchester from Merewether Capital go in-depth and stock specific. Stocks covered: RNU, RNT, BBN, WWG, URF, RCW, AMS, SWM, SRL, A2M. Our stock of the day is Washington H. Soul Pattinson (SOL). See acast.com/privacy for privacy and opt-out information.

Robert Corlett from Maqro Capital and Mark Moreland from Teaminvest go in-depth and stock-specific. Stocks covered: OSH BRG FWD IVC RIC TLX BXB JIN DDR TGP and the stock of the day is Washington H. Soul Pattinson (SOL). See acast.com/privacy for privacy and opt-out information.

In Episode 72, Pressure Is a Made-up Word, Blenheim Partners’ Gregory Robinson speaks to Robert Millner, Chairman of investment house Washington H. Soul Pattinson and Co. Ltd. Having been listed in 1903, Washington H. Soul Pattinson and Co. Ltd is the second oldest publicly listed company on the Australian Securities Exchange and is one of the few companies that has been successfully managed by the same family from the outset, with Robert representing the fourth generation. He is also Chairman of Brickworks Ltd, BKI Investment Company Ltd, Milton Corporation Ltd, New Hope Corporation Ltd and a Director of Apex Healthcare Berhad Ltd, TPG Telecom Ltd and Tuas Ltd.In an open discussion, we gain insights and cover the experiences of one of the doyens of Australia’s investment industry and broader business landscape; from joining as a Director at a young age, upholding the family legacy and market reputation, and to never failing to pay a dividend to shareholders. With investments across manufacturing, property, mining, bulk handling, pharmaceuticals and telecommunications, Robert speaks about the savviness required to navigate different and complex business environments all over the world and affords us a glimpse into the mind of someone known for his ability to turn bargains into big returns.

Washington H. Soul Pattinson (SOL) Chairman, Rob Millner speaks about the company’s HY21 results including its investments in New Hope, Brickworks and TPG, in addition to this his views and outlook for the economy. This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399, AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 123 123 124, AFSL 234945 (the Bank). The Bank and its subsidiaries have effected or may effect transactions for their own account in any investments or related investments referred to in this report. This report is not a recommendation to buy, sell or hold any securities or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. For this reason, any individual should, before acting on the information in this report, consider the appropriateness of the information, having regard to the individual's objectives, financial or taxation situation and needs and, if necessary, seek appropriate professional advice. This report is produced by Commonwealth Research based on information available at the time of publishing. We believe that the information in this correspondence is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.

During this week’s Virtually Live show, Shannon Rivkin discusses Brainchip (BRN), ASX Ltd (ASX), Fortescue Metal Group (FMG), Citadel Group (CGL), Crown Resorts (CWN), Washington H. Soul Pattison (SOL) and Afterpay (APT)

Overnight US tech stocks marched forward with the Nasdaq gaining 1.2% while the broader S&P500 followed up 0.7%. Meanwhile, the benchmark 10-year bond yield fell back to 1.695%. Banks continued to fall off their recent highs, after the Fed decided banks should be holding more capital now. What to watch today:Today is the one year anniversary of the COVID-19 bottom. Since then the market has gained 48%. Fundamentals and technicals suggest that the market will continue to rise over the long term.Today the focus will again be on two key areas – rebound tech stocks and company news as there is no economic news to go by. The oil price attempted to stabilise, lifting  0.1%Copper stocks should have a good day after copper rose 0.7% Yesterday, the most traded stocks on our active trader desk, Bell Direct Advantage were: Freedom Foods (ASX:FNP) which fell 83%, Oneview Healthcare (ASX:ONE) which gained 9%, and 88 Energy (ASX:88E) which rose 35%.  Trading ideas:Bell Potter initiated coverage of EROAD (ASX:ERD) as a BUY with a bullish $4.87 targetCiti increased Beach Energy's (ASX:BPT) price target to $1.81, but maintained the stock as a holdPraemium (ASX:PPS), Bendigo and Adelaide Bank (ASX:BEN) and Washington H. Soul Pattinson (ASX:SOL) are all giving off bullish charting signals according to Trading Central.  

In Episode 55, “It All Starts with the Family”, Blenheim Partners’ Gregory Robinson speaks to Josephine Sukkar AM, Principal and Co-Owner of Buildcorp, which she established with her husband 30 years ago. She is also a Non-Executive Director of Washington H. Soul Pattinson and Co. Ltd, Growthpoint Properties Australia Ltd, the Property Council of Australia, The Australian Museum, Opera Australia and the Sydney University Football Club Foundation. She is also the Chair of the Buildcorp Foundation and President of Australian Women’s Rugby.In a candid conversation, Josephine shares with us the lessons learned, the importance of staying true to one’s values and the amazing teamwork behind the success of Buildcorp. She talks about her passions, from Australian Rugby and supporting the women’s game, to her advocacy for mental health and sheds a light on the issue plaguing our society, heightened by the pandemic. Finally, Josephine challenges us to think differently and take this time as an opportunity to reflect on this collective experience and to ask ourselves how we will move forward and what do we want for our country and our future.

Washington H. Soul Pattinson (SOL) Chairman, Rob Millner speaks with Tom Piotrowski about the company’s full year results, current market conditions and outlook for the next six months. This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399, AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 123 123 124, AFSL 234945 (the Bank). The Bank and its subsidiaries have effected or may effect transactions for their own account in any investments or related investments referred to in this report. This report is not a recommendation to buy, sell or hold any securities or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. For this reason, any individual should, before acting on the information in this report, consider the appropriateness of the information, having regard to the individual's objectives, financial or taxation situation and needs and, if necessary, seek appropriate professional advice. This report is produced by Commonwealth Research based on information available at the time of publishing. We believe that the information in this correspondence is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.

In episode #73 of the Inside the Rope podcast Koda Adviser & Partner David Clark speaks with Lindsay Partridge AM, Managing Director at Brickworks Building Products. Brickworks is one of the world's largest building supply manufacturers, and they have additionally grown to include a Land & Development division that maximises the value of surplus land created by their building products business. Lindsay outlines the firm's origin and strategy, and also discusses its large investment in Washington H. Soul Pattinson that seeks to stabilise the returns from the more volatile parts of the Brickworks business. Brickworks is a diversified company that began in 1934 as a brick manufacturer. The firm listed on the ASX in 1961 and now has a market capitalisation of $2.2bn with over 1,400 employees.

This episode of The Australian Investors Podcast features Robert Millner, the Chairman, director and major investor in Washington H. Soul Pattinson and Brickworks amongst many other great Australian companies.This is one of my favourite conversations ever recorded for The Australian Investors Podcast because it is filled with simple, actionable insights everyone can pick up and apply to their investment process. Owen and Robert talk about:The story behind Soul Patts & its investment processHow to find great managers and visionary leadersIntergenerational wealth creation and the family secrets to building a 100-year-old companyWhy dividends are crucial to Millner's investment processRob's favourite booksThe money and investing advice Rob would give to himselfWe believe this is probably the most important investing podcast episodes in Australia. If you're serious about investing and making money for your kids. And their kids. This is a must-listen.SHOW NOTES: https://bit.ly/Robert-Millner |Take Owen’s free investing courses & hear first about podcasts and promotions: https://bit.ly/master-investing |PLEASE NOTE: This episode was recorded remotely, we apologize for any inconvenience with the audio quality.The information in this podcast is general financial advice only. That means, the advice does not take into account your objectives, financial situation or needs. Because of that, you should consider if the advice is appropriate to you and your needs, before acting on the information. In addition, you should obtain and read the product disclosure statement (PDS) before making a decision to acquire a financial product. If you don’t know what your needs are, you should consult a trusted and licensed financial adviser who can provide you with personal financial product advice.

This episode of The Australian Investors Podcast features Robert Millner, the Chairman, director and major investor in Washington H. Soul Pattinson and Brickworks amongst many other great Australian companies. This is one of my favourite conversations ever recorded for The Australian Investors Podcast because it is filled with simple, actionable insights everyone can pick up and apply to their investment process. Owen and Robert talk about: The story behind Soul Patts & its investment process How to find great managers and visionary leaders Intergenerational wealth creation and the family secrets to building a 100-year-old company Why dividends are crucial to Millner's investment process Rob's favourite books The money and investing advice Rob would give to himself We believe this is probably the most important investing podcast episodes in Australia. If you're serious about investing and making money for your kids. And their kids. This is a must-listen. SHOW NOTES: https://bit.ly/Robert-Millner | Take Owen's free investing courses & hear first about podcasts and promotions: https://bit.ly/master-investing | PLEASE NOTE: This episode was recorded remotely, we apologize for any inconvenience with the audio quality. The information in this podcast is general financial advice only. That means, the advice does not take into account your objectives, financial situation or needs. Because of that, you should consider if the advice is appropriate to you and your needs, before acting on the information. In addition, you should obtain and read the product disclosure statement (PDS) before making a decision to acquire a financial product. If you don't know what your needs are, you should consult a trusted and licensed financial adviser who can provide you with personal financial product advice.

Washington H. Soul Pattinson & Co. Ltd (SOL) Chairman, Robert Millner speaks with Tom Piotrowski about the outlook for investments, views of a market correction and current investments in the company portfolio. This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399, AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 123 123 124, AFSL 234945 (the Bank). The Bank and its subsidiaries have effected or may effect transactions for their own account in any investments or related investments referred to in this report. This report is not a recommendation to buy, sell or hold any securities or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. For this reason, any individual should, before acting on the information in this report, consider the appropriateness of the information, having regard to the individual's objectives, financial or taxation situation and needs and, if necessary, seek appropriate professional advice. This report is produced by Commonwealth Research based on information available at the time of publishing. We believe that the information in this correspondence is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.  

Steven Sassine of the Diversified Financials team updates the network on the recent Soul Pattinson's (ASX: SOL) initiation.

In Episode 38, “Life Is Walking Through a Door”, Blenheim Partners‘ Gregory Robinson speaks to Michael Hawker AM, Non-Executive Director of Macquarie Group Ltd, Washington H. Soul Pattinson and Co. Ltd, BUPA Global Board, BUPA ANZ Group and Rugby World Cup Ltd. He is also a Board Member of the Museum of Contemporary Art Australia.Michael was previously the Chief Executive Officer and Managing Director of Insurance Australia Group Ltd and Chairman of Australian Rugby Union. He represented Australia in rugby union, wearing the green and gold 25 times as well as being Vice-Captain of the Wallabies.In an engaging discussion, Michael takes us through his journey from being an elite athlete to the challenges he faced as CEO of one of Australia’s most respected organisations. He talks to us about the changing landscapes in global perspectives and the complexities and disruptions at play through the lens of an international Board Director.Michael and Greg discuss leadership, particularly in a time of crisis and ambiguity, the conviction required in making the difficult decisions and stepping up when presented with the opportunity. Michael recalls the important moments in his career and why life is walking through a door.Note: This podcast was recorded on 19th March 2020.

Welcome to Finance and Fury, The Say What Wednesday Edition I've been looking at Soul Patt (ASX: SOL) recently as I've heard some commentators refer to them as the "Australian Berkshire Hathaway" but noticed they have underperformed the ASX200 index over the last 12 months. As they have overperformed over any other longer-term period, would you see this as an opportunity to buy in? And what do you think about this particular stock? Looking forward to hearing your thoughts. Thanks, Gab Disclaimer – not advice – general discussion in nature – seek personal advice Washington H. Soul Pattinson and Company Limited – call it SOL for short - is an Australian investment company - SOL invests in a portfolio of assets across a range of industries - main business activities include ownership of shares; coal mining; gold and copper mining and refining; property investment; and consulting. While the broader market gained around 25% in the last year - SOL lost 16% (even including dividends) Keep in mind that even the best stocks will sometimes underperform the market over a twelve month period Long term shareholders have made money, with a gain of 14% per year over half a decade So, is the recent sell-off an opportunity to buy in? worth checking the fundamental data for signs of a long term growth trend I find it very interesting to look at share price over the long term as a proxy for business performance Not always the same thing - to truly gain insight, we need to consider other information, too. Consider for instance, the ever-present spectre of investment risks of the underlying companies or the changes in forecasted earnings One thing – not too correlated to historical crashes – losses minimal in 2008/09 and other corrections But has just gone through a loss in price Also note – is a High conviction investment operator – Similar to Monday’s episode -   Current Investments - SOL invests in a range number of companies across a variety of industries. In addition to a large diversified listed and unlisted portfolio, their larger investments are: TPG Telecom (ASX: TPM) is a force in the Australian telecommunications industry – 25.3% shareholding New Hope Group (ASX: NHC) is an Australian owned and operated diversified energy company which has been proudly based in South East Queensland for more than 60 years – 61% shareholding Brickworks Limited (ASX: BKW) - main business is the manufacture and distribution of clay and concrete products, property development and realisation, and investments - 43.9% shareholding Australian Pharmaceutical Industries (ASX: API) is one of Australia’s leading health and beauty companies. API has a number of brands and banners in the retail health and beauty industry, including Priceline, Soul Pattinson and Pharmacist Advice. – 19.3% SHAREHOLDING BKI Investment Company Limited (BKI) is a Listed Investment Company on the Australian Securities Exchange. - 8.6% holding Round Oak is a mining and exploration company focused primarily on copper, zinc and gold – 100% shareholding Milton Corporation Limited (ASX:MLT) is an Australian Listed Investment Company which aims to invest in a diversified portfolio of assets to generate growing dividends and increased value of assets – 3.8% shareholding Apex Healthcare Berhad (APEX.MK) is a leading healthcare group with operations in Singapore, Malaysia, Vietnam and Myanmar. Apex is publicly listed on the Main Board of Bursa Malaysia – 30.3% holding TPI Enterprises Limited (ASX:TPE) is one of nine companies licensed worldwide to manufacture narcotic raw material for the international pharmaceutical industry – 20% shareholding Ampcontrol Pty Limited is a leading international supplier of electrical and electronic products with a strong presence in providing products and services to the mining sector – 43.3% Pitt Capital Partners is an independent corporate advisory firm with a track record of completing successful corporate transactions. Since inception, they have advised some of Australia’s most successful companies on over $10 billion worth of transactions – 100% Clover Corporation Limited (ASX: CLV) is an Australian research-based company dedicated to providing quality lipid based products which enhance the health and well-being of the community – 22.6% shareholding Has got 75% of holdings in 3 companies though – New Hope Corp, TPG and Brickworks Large holding in New Hope Corp – which is a thermal coal mining – the loss of value from their shares seems to have come mainly from a drop in price from over $4 a year ago, to about $1.80 now. Comparison to Berkshire Hathaway – owns majority (100% or above 90%) of 71 companies Not the same as Berkshire Hathaway – would say closer to a high conviction LIC Is it a good share? Growing DPS and EPS In his essay The Superinvestors of Graham-and-Doddsville (back to high conviction and value managers) Warren Buffett described how share prices do not always rationally reflect the value of a business. By comparing earnings per share (EPS) and share price changes over time, we can get a feel for how investor attitudes to a company have morphed over time. Over half a decade, SOL managed to grow its earnings per share at 13% a year. This EPS growth is higher than the 10% average annual increase in the share price. So it seems the market isn’t so enthusiastic about the stock these days – Shares can act as trends – but like fashion, can be in and out - It’s probably worth noting we’ve seen significant insider buying in the last quarter, which we consider a positive. Share price drops – so those on the inside of the company buy up more But the earnings and revenue growth trends are even more important factors to consider What About Dividends? As well as measuring the share price return, investors should also consider the total shareholder return (TSR). The TSR incorporates the value of any spin-offs or discounted capital raisings, along with any dividends, based on the assumption that the dividends are reinvested. So for companies that pay a generous dividend, the TSR is often a lot higher than the share price return. As it happens, Washington H. Soul Pattinson’s TSR for the last 5 years was 89%, which exceeds the share price return mentioned earlier. This is largely a result of its dividend payments! – has had stable dividend payments – growing Payout ratios - Companies (usually) pay dividends out of their earnings. If a company is paying more than it earns, the dividend might have to be cut. Comparing dividend payments to a company’s net profit after tax is a simple way of reality-checking whether a dividend is sustainable. In the last year, Washington H. Soul Pattinson paid out 56% of its profit as dividends. This is a fairly normal payout ratio among most businesses. It allows a higher dividend to be paid to shareholders, but does limit the capital retained in the business – which could be good or bad. In addition to comparing dividends against profits, we should inspect whether the company generated enough cash to pay its dividend. Washington H. Soul Pattinson paid out 80% of its cash flow last year. This may be sustainable but it does not leave much of a buffer for unexpected circumstances. It’s encouraging to see that the dividend is covered by both profit and cash flow. This generally suggests the dividend is sustainable, as long as earnings don’t drop precipitously.   Net tangible assets per share - $13.76   Return on Equity - ROE has a ROE of 8.0%, based on the last twelve months. Another way to think of that is that for every A$1 worth of equity in the company, it was able to earn A$0.08. Return on Equity = Net Profit (from continuing operations) ÷ Shareholders’ Equity 8.0% = AU$359m ÷ AU$4.5b (Based on the trailing twelve months to July 2019.) It’s easy to understand the ‘net profit’ part of that equation, but ‘shareholders’ equity’ requires further explanation. It is all earnings retained by the company, plus any capital paid in by shareholders. Shareholders’ equity can be calculated by subtracting the total liabilities of the company from the total assets of the company. What this means - ROE measures a company’s profitability against the profit it retains, and any outside investments. The ‘return’ is the yearly profit. That means that the higher the ROE, the more profitable the company is. So, all else equal, investors should like a high ROE. That means ROE can be used to compare two businesses. Is it good? Compare it to the industry average – but far from perfect here due to the nature of their business – Oil and Gas is 15% But – has low debt - debt to equity ratio of just 0.088, which is very low. I’m not impressed with its ROE, but the debt levels are not too high, indicating the business has decent prospects. Careful use of debt to boost returns is often very good for shareholders. However, it could reduce the company’s ability to take advantage of future opportunities. Has had good long term performance - Stock pickers are generally looking for stocks that will outperform the broader market. And in our experience, buying the right stocks can give your wealth a significant boost. SOL shareholders have enjoyed a 63% share price rise over the last half decade, well in excess of the market return of around 23% (not including dividends). Summary – Not advice - may be beneficial to hold long term – as short term may continue a decline if their major holdings go down Major risks – coal business continues to decline, TPG gets beat out by TLS or Optus, or property takes a hit – which would impact brickworks   Thanks for the question Gab Thank you for listening to today's episode. If you want to get in contact you can do so here: http://financeandfury.com.au/contact/  

This episode kicks off our 2019/20 Summer Series, where we take a shallow-dive into companies that have been selected by the Equity Mates community. We had 180 submissions for companies to explore, so randomly picked 10. The idea of these episodes is to show how you can begin to research a company, where to look for information and what are some of the key things to consider. First to go under the microscope is Washington H. Soul Pattinson and Co (ASX: SOL). Its origins are in owning and operating Australian pharmacies, however, WHSP has expanded beyond pharmacy and today has a much broader investment portfolio encompassing investments in natural resources, building materials, telecommunications, retail, agriculture, property equity, investments and corporate advisory In this episode we: discuss what the company does take a look at their financial position and financial summary breakdown their key holdings have a crack at a valuation close with a fun fact Want more? Subscribe to Equity Mates Investing Podcast, social media channels, Thought Starters mailing list and more here. Equity Mates is a part of the Diamantina Media Network - the home of Australia's favourite podcasts. For more information, visit http://diamantina.com.au/

This week features Todd Barlow - The CEO of Washington H. Soul Pattinson. Soul Patts is the second oldest listed company on the ASX, originally hitting the boards in 1903. Todd runs us through his investing philosophies, the importance of non-correlated assets and much more.