Carnegie and the fund manager perpetual are sharks intent on stealing the crown jewels for short term gain. Have a look at how long Washington H Soul Paterson has been around. Formed in 1872 and listed on the Sydney Stock exchange in 1903 the company has paid a dividend every year since its inception even during the great depression. With a history of paying special dividends, 17.5% annual return in recent years paying out 50% and a 109 year history why would anyone in their right mind listen to the Carnegie/Perpetual crowd? With a 3.1 billion dollar market cap +++ it is in the top 50 companies in Australia and the second oldest company on the ASX. Thomas & Rob Millner have and continue to do an outstanding job. I do not own any shares in SOL but have followed their progress for over 30 years. When you compare this companies stewardship with the vast majority of shake down artists that populate the ASX, the carngie/perpetual play deserves nothing but contempt. Kind Regards non recourse
