Last A$14.25 AUD
Change Today -0.05 / -0.35%
Volume 7.6K
SOL On Other Exchanges
Symbol
Exchange
Stuttgart
As of 9:53 PM 09/15/14 All times are local (Market data is delayed by at least 15 minutes).

washington h. soul pattinson (SOL) Snapshot

Open
A$14.29
Previous Close
A$14.30
Day High
A$14.29
Day Low
A$14.24
52 Week High
04/7/14 - A$15.97
52 Week Low
09/16/13 - A$13.53
Market Cap
3.4B
Average Volume 10 Days
17.7K
EPS TTM
A$0.44
Shares Outstanding
239.4M
EX-Date
04/11/14
P/E TM
32.5x
Dividend
A$0.67
Dividend Yield
4.71%
Current Stock Chart for WASHINGTON H. SOUL PATTINSON (SOL)

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washington h. soul pattinson (SOL) Details

Washington H. Soul Pattinson and Company Limited, together with its subsidiaries, is engaged in coal mining activities in Australia. Its activities comprise exploration, development, production, processing, and transportation of coal. The company holds interests in the Brownfield project located in New Acland; and the Greenfield projects in Lenton, Colton, and Elimatta. It is also engaged in copper mining activities, including the exploration, mining, and processing of copper ore into copper concentrate and copper sulphide. In addition, the company provides corporate advisory services relating to mergers, strategic advice, equity capital markets, private equity, restructuring, and debt advisory work. Washington H. Soul Pattinson and Company Limited was founded in 1872 and is based in Sydney, Australia.

229 Employees
Last Reported Date: 10/21/13
Founded in 1872

washington h. soul pattinson (SOL) Top Compensated Officers

Chief Financial Officer
Total Annual Compensation: A$502.0K
Chief Executive Officer of New Hope Corporati...
Total Annual Compensation: A$2.0M
Executive Director
Total Annual Compensation: A$772.0K
Company Secretary
Total Annual Compensation: A$263.0K
Chief Operations Officer of New Hope Corporat...
Total Annual Compensation: A$803.0K
Compensation as of Fiscal Year 2013.

washington h. soul pattinson (SOL) Key Developments

Washington H. Soul Pattinson and Company Limited Announces Consolidated Earnings Results for the Half Year Ended January 31, 2014

Washington H. Soul Pattinson and Company Limited announced consolidated earnings results for the half year ended January 31, 2014. For the period, the company reported net profit of $73.72 million, a 0.7% decrease from the $74.25 million reported a year ago. Regular profit after tax (profit from continuing operations before non-regular items) fell 21.1% to $63.5 million from $80.52 million. The net decrease was primarily due to a lower contribution from New Hope Corporation Ltd. which was partly offset by increased contributions from Brickworks Ltd. and TPG Telecom Ltd. Earnings per share were 30.8 cents, down from 31.0 cents, while earnings per share from regular profit were 26.5 cents, down from 33.6 cents. The profit on non-regular items for the half year ended 31 January 2014 was $10.3 million. Interest income for the half year, excluding that from controlled entities and associates, totaled $4.8 million. This compares to $7.7 million for the same period last year and is attributable to both lower interest rates and less funds on deposit. The profit after tax attributable to shareholders was $73.7 million, a slight decrease compared to $74.3 million for the previous corresponding period. The profit on non-regular items was $10.3 million. Earnings per share from regular profit after tax attributable to shareholders was 26.5 cents against 33.6 cents per share a year ago.

Washington H. Soul Pattinson and Company Limited Declares Fully Franked Interim Dividend, Payable on May 8, 2014

The directors of Washington H. Soul Pattinson and Company Limited declared an interim dividend of 19 cents per share in respect of the half year ended January 31, 2014, an increase of 5.6% over last year's interim dividend of 18 cents per share. The dividend will be fully franked and payable on May 8, 2014.

Washington H. Soul To Sell Assets

Washington H. Soul Pattinson and Company Limited (ASX:SOL) is planning to sell its largest assets. Robert Millner, Chairman of Washington H. Soul, believes the company may be forced to sell its largest assets if the $2 billion break-up plan by venture capitalist M. H. Carnegie & Co. and Perpetual Investment Management Limited is successful. Robert added, "The only option to repay the debt, which is within the control of [SoulPatts] is to liquidate its assets. This means New Hope would need to be sold which would unlikely realise full market value and would trigger a significant capital gain tax expense." Matt Williams, Head of Equities of Perpetual Investment said that the potential deal aimed to bridge the $1 billion gap between the company's market capitalization and the value of the underlying assets. Williams said, "Our proposal, while not very clean and very complex, could be the first step in reducing that gap."

 

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Industry Average

Valuation SOL Industry Range
Price/Earnings 33.7x
Price/Sales 4.7x
Price/Book 1.2x
Price/Cash Flow 33.7x
TEV/Sales 1.7x
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