SOL 0.98% $32.97 washington h soul pattinson & company limited

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

  1. 758 Posts.
    lightbulb Created with Sketch. 33
    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.
 
watchlist Created with Sketch. Add SOL (ASX) to my watchlist
(20min delay)
Last
$32.97
Change
0.320(0.98%)
Mkt cap ! $12.41B
Open High Low Value Volume
$32.80 $33.10 $32.65 $7.381M 224.3K

Buyers (Bids)

No. Vol. Price($)
2 737 $32.96
 

Sellers (Offers)

Price($) Vol. No.
$33.06 1016 2
View Market Depth
Last trade - 16.10pm 06/11/2024 (20 minute delay) ?
SOL (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.