SOL 0.51% $34.80 washington h soul pattinson & company limited

Looking for the next overvalued plays after selling out of DMP....

  1. 758 Posts.
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    Looking for the next overvalued plays after selling out of DMP.
    @DSD- thanks for the ideas to research re sol and wor.
    Sol's assets look like their pre-tax net asset value has dropped from $6B (31/7/16) to approx $4.81B (today).
    In Sol's consolidated financials, total assets showed $4.299B at 31/7/16 even though their holdings in listed and unlisted investments, property, cash and loans out were $6B.
    Their long term assets are recorded at the lower of cost or impaired value.
    So even though their assets look like they have fallen over $1.2B this fin year their balance sheet will only show a small drop.

    With sol's $4B market cap, you may still be buying below NTA even after this big fall in their asset value.

    BTW- How did they manage to get 19.9% of HHL @ $1? That is some smooth wheeling and dealing.
 
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