2 Stocks Under Investors’ Radar – SOL, FGX

  • May 19, 2019 AEST
  • Team Kalkine
2 Stocks Under Investors’ Radar – SOL, FGX

SOL and FGX are the two stocks currently under the investors’ radar. The companies look interesting, having paid consistent dividends to shareholders over the past few years. Moreover, the financial performance remained decent amidst much uncertainty in the market.

Washington H. Soul Pattinson and Company Limited

Washington H. Soul Pattinson and Company Limited (ASX: SOL) is an investment house. SOL has diversified investments across assets and in a range of industries, including pharma, retail, building materials, natural resources, corporate advisory, etc.

Source: Company Presentation

On the financial performance front, the group reported a regular profit after tax of $186.7 million, an increase of 12.2% on the previous corresponding period. The underlying profit increased on the back of contributions from increased New Hope Corporation performance, which was up by 27.3% due to higher coal prices and increased volumes from Bengalla and a robust Brickworks performance driven by very strong property earnings.

The company continues to deliver outstanding results for shareholders with a total shareholder return for the year ended 31st January 2019 of 56.5% (against the All Ordinaries Accumulation Index increase of just 0.7%). For the half year ended 31st January 2019 (1H FY19), the directors of the company have declared a fully franked final dividend of 24 cents per share, an increase of 4.3% over last year’s final dividend.

On the price-performance front, at market close on 17th May 2019, the stock of Washington H. Soul Pattinson and Company Limited was trading at $22.990, with a market capitalisation of $5.56 billion. The stock has yielded a negative YTD return of 4.56%. Its 52-week high price stands at $31.870 with a 52-week low price of $19.020 and an average trading volume of 434,967 . The stock is trading at a PE multiple of 18.55x.

Future Generation Investment Company Limited

Future Generation Investment Company Limited (ASX: FGX) allows investors to gain access to a group of prominent Australian fund managers through a single investment vehicle. The company also supports the Australian charities, which are focused on children at risk along with the domestic fund managers supporting the youth at risk.

Source: Company Presentation

In March 2019, the FGX investment portfolio increased by 0.2%. The S&P/ASX All Ordinaries Accumulation Index rose 0.7% for the month. Since its inception, the investment portfolio has increased 8.5% per annum, outperforming the benchmark by 1.5%.

For the full year FY18 results, the company reported fully franked full-year dividend of 4.6 cents per share. The pre-tax operating profit for the company stood at $31.5 million along with a $7.1 million in savings delivered on management fees, performance fees and services foregone.

On the price-performance front, at market close on 17th May 2019, the stock of Future Generation Investment Company Limited was trading at $1.180, with a market capitalisation of $456.89 million. The stock has yielded a negative YTD return of 2.54%. Its 52-week high price stands at $1.355 with a 52-week low price of $1.120 and an average trading volume of 186,523. The stock is trading at a PE multiple of 17.610x, with an annual dividend yield of 4.0%.


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