Balancing Brickworks and Soul Patts

For a long time there's been little difference between Brickworks and Soul Patts. Now, a clear favourite has emerged.

Brickworks holds a 43% stake in Washington H Soul Pattinson (Soul Patts) and Soul Patts holds a 44% stake in Brickworks. This cross-shareholding ensured that, for a long time, the fortunes of both businesses were tied to each other and that a move in the share price of one was shadowed by the other.

With Brickworks share price up over 20% so far this year compared to a 4% increase for Soul Patts, that simple relationship appears to have broken down.

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