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Whats MM’s current view towards BKW please

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Whats MM’s current view towards BKW please

Hi Guys...Keep up the great work! Can you guide as to the justification of the meteoric rise in BKW? SOL has recently traded lower and broken the tight correlation the two have had. Is it the recent move into North America? (check with BLD as to the challenges there). What is your current view on BKW please...


Hi Tony,

Brickworks (BKW) has followed the US Philadelphia Housing Index (HGX) almost perfectly over the last year which makes sense as the company looks to North America for long term growth – we believe they both look good medium term.

BKW holds 26.1% of Soul Patts (SOL) but SOL also owns large positions in New Hope Corp (NHC) which has struggled this year, BKW which as mentioned has rallied strongly plus TPG Telecom (TPG) which has had a tough week i.e. plenty of moving parts determining the SOL share price, not just that of BKW.

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Brickworks Ltd (BKW)
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