Pinned valuation:
Washington Soul Patts - I hold in RL 20% SMSF and SM 20% and have topped up over the last week.
i have mistakingly traded in and out from 2022 when I should of held through. Half year results show a compound 9.6% dividend growth over 24 consecutive years. Unbeaten on the ASX
Using a gordon growth model, smoothing out their next dividend and dropping the div growth to 8% and applying 10% discount rate I get to $40. Most on Strawman don't need any further info on what Soul Patts does, but the director buying in the past week including a lazy $17million from Rob Milner gives you a pretty good indication their strategy of growing dividends is on track in what is a volatile market.
Currently sitting just below their 200MA and although on Strawman there is a particular focus on small cap and growth companies, I think this company is probably at a fair value potentially a good discount where you can top up over time (at least the next 20years for me anyway)