| Company type | Public company |
|---|---|
| (ASX: SOL) | |
| Industry | Diversified |
| Founded | 21 January 1903 |
| Founder | Lewy Pattinson |
| Headquarters | , Australia |
Key people | Robert Millner, chairman |
| Website | whsp.com.au |
Washington H Soul Pattinson trading as Soul Patts, is a publicly listed Australian investment company.
In 1872, Caleb Soul and his son Washington Handley opened a pharmacy store in Pitt Street, Sydney. In 1886, Lewy Pattinson opened a pharmacy in Balmain. In April 1902, Pattinson bought Soul out with the business incorporated as Washington H Soul Pattinson & Company Limited. On 21 January 1903, the company was listed on the Sydney Stock Exchange. [1] With origins in pharmacy operations (of the same name), today Soul Patts owns a diverse portfolio of investments in various asset classes (equities, private companies, private credit, and property). Soul Patts has never missed paying a dividend since 1903, increasing dividends every year since 2000. In June 2021, terms were agreed to purchase Milton Corporation. [2]
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Soul Patts' larger investments include:
Investment is traditionally defined as the "commitment of resources to achieve later benefits". If an investment involves money, then it can be defined as a "commitment of money to receive more money later". From a broader viewpoint, an investment can be defined as "to tailor the pattern of expenditure and receipt of resources to optimise the desirable patterns of these flows". When expenditures and receipts are defined in terms of money, then the net monetary receipt in a time period is termed cash flow, while money received in a series of several time periods is termed cash flow stream.
In finance, equity is an ownership interest in property that may be offset by debts or other liabilities. Equity is measured for accounting purposes by subtracting liabilities from the value of the assets owned. For example, if someone owns a car worth $24,000 and owes $10,000 on the loan used to buy the car, the difference of $14,000 is equity. Equity can apply to a single asset, such as a car or house, or to an entire business. A business that needs to start up or expand its operations can sell its equity in order to raise cash that does not have to be repaid on a set schedule.
A real estate investment trust is a company that owns, and in most cases operates, income-producing real estate. REITs own many types of commercial real estate, including office and apartment buildings, warehouses, hospitals, shopping centers, hotels and commercial forests. Some REITs engage in financing real estate.
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NBN is an Australian television station based in Newcastle, Australia. The station was inaugurated on 4 March 1962 as the first regional commercial television station in New South Wales, and has since expanded to 39 transmitters throughout Northern New South Wales, including the Gold Coast, Queensland, Lismore, Tweed Heads, Tamworth, Coffs Harbour, Newcastle, and Central Coast. It is owned and operated by the Nine Network, with regional sales and newsroom located at 28 Honeysuckle Drive.
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Lewy Miall Pattinson was an English businessman, who founded the pharmaceutical firm Washington H. Soul Pattinson.
James Sinclair Millner was an Australian corporate executive. He was head of many large organisations including chairman of the NRMA, chairman of Washington H. Soul Pattinson, New Hope Coal, Brickworks Limited, Choiseul Investments, Queensland Mines Limited and NBN Television.
Brickworks is Australia's largest brick manufacturer, consisting of four divisions – Building Products Australia, Building Products North America, Industrial Property, and Investments.
Milton Corporation Limited is an Australian listed investment company.
Robert Dobson Millner is an Australian corporate executive. He is the chairman of Washington H. Soul Pattinson, Australia's second oldest publicly-listed corporation, and the chairman of New Hope Coal, Brickworks Limited, Choiseul Investments and NBN Television.
The Soul Pattinson Building is a Victorian Italianate retail and office building located at 158–160 Pitt Street, Sydney, Australia. The Soul Pattinson Building is located between the Pitt Street Mall and Castlereagh Street, and opposite the Strand Arcade.
NBN Co Limited, known as simply nbn, is a publicly owned corporation of the Australian Government, tasked to design, build and operate Australia's National Broadband Network as the nation's wholesale broadband provider. The corporation reports to two shareholder ministers: the Minister for Finance and the Minister for Communications.
William Frederick Pattinson (1889–1970) was an Australian medical doctor and businessman, and chairman of Washington H. Soul Pattinson and Choiseul Investments. Pattinson was the eldest son of businessman Lewy Pattinson and grew up in Balmain.
Sir Thomas Hughes KCSG, JP was an Australian businessman and New South Wales state politician who was Lord Mayor of Sydney, a member of the New South Wales Legislative Council and served as Chairman of Washington H. Soul Pattinson from 1906 to 1929.
Corporate finance is the area of finance that deals with the sources of funding, and the capital structure of corporations, the actions that managers take to increase the value of the firm to the shareholders, and the tools and analysis used to allocate financial resources. The primary goal of corporate finance is to maximize or increase shareholder value.
