SOL +4.96%: the investment company rallied to a 5-month high today on the back of strong performance in underlying investments. The company now runs nearly $10b across equities, property and private equity with a strong NAV per share increase of 13.8% in a market that fell. The total value of the portfolio increased by 72% largely on the back of their merger with Milton. They finished the year in a net cash position, providing investment flexibility in the volatile market. Their investment in New Hope Coal (NHC), of which they own nearly 40% of the shares on issue, was a major contributor to an increased dividend for the full year. They’ll pay a 43c final dividend along with a 15c special. The company said the market remains volatile, however, they are confident in continued outperformance with a focus on sustainable, cash-generating businesses that they expect to remain resilient.
MM is bullish SOL
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