Small Increase in Soul Pattinson FVE With Higher Coal Prices
We raise our fair value estimate for no-moat-rated Soul Pattinson to AUD 14.10 per share from AUD 14.00. We raised our fair value estimate for 50%-owned no-moat-rated New Hope by 11% to AUD 2.00 per share and include the recent sale of 80 million New Hope shares for AUD 2.20 per share. The recent 7% reduction in our fair value estimate for 25%-owned associate company Australian Pharmaceuticals Industries is a partial offset to the benefit from higher coal prices.Asset acquisitions and divestmen...
Washington H. Soul Pattinson and Company is engaged in the ownership of shares; coal mining; gold and copper mining and refining; property investment; and consulting. Co.'s operating segments are: Investing activities, which invests in cash, term deposits, and equity investments; Energy, which engages in coal, oil and gas activities; Copper and Gold operations, which engages in copper and gold mining activities which includes exploration, mining and processing of ore into copper concentrate, copper sulphide and gold; Corporate advisory, which provides corporate advisory services; as well as Property, which engages in property investment activities.
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