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Business Description: Washington H. Soul Pattinson and Co. Limited (SOL) is a diversified investor in basic commodities such as building products, coal, equities, telecommunications, financial services and pharmaceuticals in Australia. SOL has three main operations, namely, investment, coal mining and consulting.
Strategy Analysis: SOL strategy is based on conservative and diversified long-term investment. Through strict adherence to this strategy SOL has delivered well above average total shareholder returns over many decades. Mistakes have been made but the successes have far outweighed the disappointments. Management remains focused on creating long-term shareholder wealth from a sensible and conservative investment strategy. The success of NHC is driving the group at present and adding to cash reserves which will be invested sensibly.
Washington H. Soul Pat reported NPAT of $363.87m for the year ended 31 July 2011. Revenue from ordinary activities were $1,325.7m. Basic and Diluted EPS were 152.48 cents compared to nil cents last year. The final dividend declared was 25 cents, taking the full year dividend to 40 cents compared with nil cents last year.
The Age 26/05/2012 | I WAS reading some old Marcus Today newsletters. From 2003. Let me take you back and allow you to exercise the power of hindsight:
The Age 25/05/2012 | RADIO People are six times more likely to go to an advertiser's website if they have heard the ad on radio, according to research by Colmar Brunton, released by Commercial Radio Australia. The research showed that radio advertising has an immediate effect on people's digital activity, with more than three-quarters of those exposed to advertising visiting a website or Facebook page or searching for the brand online within 24 hours. Commercial Radio Australia chief executive Joan Warner said the ...