At the AGM, the slide showed WHSP portfolio value of $5.2 billion but Mr Todd Barlow, CEO said it was now A$5.4 billion.
Unlike many companies, its subsidiaries only received a 'small amount' of JobKeeper assistance, but these did not pay dividends. Compare this to some other companies that received millions in JobKeeper and gave key staff bonuses.
One can't complain about the 27.6 per cent total increase in SOL's telecommunications portfolio (TPG and mobile spinoff in Singapore TUA).
The comments about rationalising BKW brick operations in the USA 'during COVID-19' is not completely new information but one suspects the company will continue to take the razor to these plants where it's practical.
The CEO commented re NHC. The coal price is recovering, back above US$75/tonne. 'Lawfare' tactics by environmental groups re New Acland Mine (Stage 3) and inaction by the Queensland state government were mentioned. But NHC is a low cost producer.
Introducing more institutions to NHC (by SOL as it very recently did selling down its holding from c.50 to c.44 per cent) will 'be good for the stock' (NHC) as institutions had found it difficult to obtain larger parcels of shares.
SOL Price at posting:
$29.56 Sentiment: Hold Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)