Brickworks

Yesterday, we updated (and downgraded) our recommendation for Brickworks’ sister company, investment group Washington H. Soul Pattinson (see review here). This was done in light of our recent negative review of Soul Pattinson’s major investment, New Hope Corporation (see Coal: A dark future ahead?). The effect of the changing view on coal is less noticeable on Brickworks. While we intend do a more detailed review of both Brickworks and Soul Pattinson soon after their full year results are released in September, the sum of the part valuation for Brickworks will be little changed since Brickworks brick-by-brick of 30 May...

Yesterday, we updated (and downgraded) our recommendation for Brickworks’ sister company, investment group Washington H. Soul Pattinson (see review here). This was done in light of our recent negative review of Soul Pattinson’s major investment, New Hope Corporation (see Coal: A dark future ahead?).

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