Latest news with #RobertMillner
News.com.au
3 days ago
- Business
- News.com.au
Soul Patts and Brickworks agree to $14b merger
Diversified investment house Soul Patts is merging with its long-term corporate partner the industrials company Brickworks. The two businesses have had a unique cross-shareholding structure since 1969, with Soul Patts owning 43 per cent of Brickworks and Brickworks owning 26 per cent of Soul Patts. The merged business will be chaired by Robert Millner, the fourth member of the Millner family to run Soul Patts.
AU Financial Review
4 days ago
- Business
- AU Financial Review
Soul Patts, Brickworks agree to $14b merger; $500m raise launched
Investment house Soul Patts is set to merge with Brickworks, forming a $14 billion ASX-listed investments, private capital, property and building products giant, Street Talk understands. Chairman Robert Millner at the Washington H, Soul Patts AGM in 2023. Peter Rae One of the world's biggest proxy advice firms has taken aim at Eagers. But the drive-by misses the point: management's alignment with shareholders is good. Under the deal, Carlyle and Varde has committed to injecting $50 million to $60 million to allow for a full refinancing and to leave Bis with some working capital. See all Washington H Soul Pattinson & Company news
AU Financial Review
4 days ago
- Business
- AU Financial Review
Soul Patts set to merge with Brickworks; $500m raise launched
Investment house Washington H. Soul Pattinson is set to merge with Brickworks, forming a $14 billion ASX-listed behemoth, Street Talk understands. Chairman Robert Millner at the Washington H Soul Patts AGM in 2023. Peter Rae One of the world's biggest proxy advice firms has taken aim at Eagers. But the drive-by misses the point: management's alignment with shareholders is good. Under the deal, Carlyle and Varde has committed to injecting $50 million to $60 million to allow for a full refinancing and to leave Bis with some working capital. See all Washington H Soul Pattinson & Company news
Yahoo
13-04-2025
- Business
- Yahoo
Robert Millner Spends AU$3.4m On Washington H. Soul Pattinson Stock
Those following along with Washington H. Soul Pattinson and Company Limited (ASX:SOL) will no doubt be intrigued by the recent purchase of shares by Robert Millner, Chairman of the Board of the company, who spent a stonking AU$3.4m on stock at an average price of AU$34.48. While that only increased their holding size by 0.6%, it is still a big swing by our standards. This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality. In fact, the recent purchase by Chairman of the Board Robert Millner was not their only acquisition of Washington H. Soul Pattinson shares this year. Earlier in the year, they paid AU$34.77 per share in a AU$6.9m purchase. So it's clear an insider wanted to buy, at around the current price, which is AU$36.10. Of course they may have changed their mind. But this suggests they are optimistic. While we always like to see insider buying, it's less meaningful if the purchases were made at much lower prices, as the opportunity they saw may have passed. Happily, the Washington H. Soul Pattinson insiders decided to buy shares at close to current prices. While Washington H. Soul Pattinson insiders bought shares during the last year, they didn't sell. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction! View our latest analysis for Washington H. Soul Pattinson Washington H. Soul Pattinson is not the only stock insiders are buying. So take a peek at this free list of under-the-radar companies with insider buying. Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. We usually like to see fairly high levels of insider ownership. It's great to see that Washington H. Soul Pattinson insiders own 5.3% of the company, worth about AU$705m. Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders. The recent insider purchases are heartening. And the longer term insider transactions also give us confidence. Along with the high insider ownership, this analysis suggests that insiders are quite bullish about Washington H. Soul Pattinson. One for the watchlist, at least! While it's good to be aware of what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. For example - Washington H. Soul Pattinson has 1 warning sign we think you should be aware of. But note: Washington H. Soul Pattinson may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt. For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
