MENU

Why Washington H. Soul Pattinson and Co. Ltd (ASX:SOL) is among 3 shares at 52-week highs

The S&P/ASX 200 is up 26.8 points at the time of writing to 6,188, while these three stocks are sitting pretty at 52-week highs.

DEXUS Property Group (ASX: DXS)

Shares in Australian real estate group Dexus Property Group have surged upwards this calendar year, finishing September 18 trade at a 52-week high of $10.90.

Investors reacted well to Dexus’ FY18 results and annual report back in August after the company revealed NPAT was up 36.8% to $1.73 billion, with funds from operations rising 5.8% and occupancy rates exceeding 96%.

Dexus CEO Darren Steinberg has forecast good growth in the segment for years to come, in Sydney in particular, with office-space cousin Cromwell Group (ASX: CMW) also having a good 12 months in terms of share price.

Investors seeking opportunities in Dexus may benefit from information reported at its AGM on October 4, and should keep an eye on the movements of sector cousins Stockland Corporation Ltd (ASX: SGP) and Lendlease Group (ASX: LLC) for an overall understanding of the property market.

Citadel Group Ltd (ASX: CGL)

Shares in small cap education and technology software and services company Citadel Group Ltd printed a 52-week high today, up 1.3% to $8.12 at the time of writing.

Citadel is a pretty exciting small cap to keep on your watch list, with its cloud-based information management platform Citadel-IX gaining momentum across a growing market of users.

Citadel also handed down strong FY18 results recently, with revenue growth of almost 10% and a 26% increase in NPAT to $19.4 million.

Although it might seem a bit expensive to put your money into for now given it’s a speculative pick, I’d keep a close eye on any potential buy-in opportunities for Citadel – its a tech stock you should know about.

Washington H. Soul Pattinson and Co. Ltd (ASX: SOL)

Rarely does a week sneak by of late without well-known investment house Washington H. Soul Pattinson and Co. Ltd (ASX: SOL)rating a mention on the 52-week high list.

Soul Patts shares are up 0.7% to $25.44 today – a 12 month high –  with the stock earning its stripes as an undeniable S&P/ASX 200 high flyer and continuing to impress the market in the lead up to its full-year results release tomorrow. It has benefited from the recent rise of TPG Telecom Ltd (ASX: TPM).

Many consider Soul Patts a “buy and hold forever” investment, but you can hardly say the current share price looks too affordable right now, and investors might like to hold out for any potential post-results share price drop backs.

Motley Fool Australia Issues Rare "Double Down" Buy Alert

Scott Phillips has stumbled upon a little-owned stock he believes could be one of the greatest discoveries of his 25 years as a professional investor.

 

This is your chance to get in early on of what could prove to be a very special investment recommendation. Think about how many investing trends you've missed out on, even though you knew they were going to be big. Don't let that happen again. This is your chance to get in early.

Simply click here to get started and access our secure sign-up page.

Motley Fool contributor Carin Pickworth has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Washington H. Soul Pattinson and Company Limited & TPG Telecom. The Motley Fool Australia owns shares of Citadel Group Ltd. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

Two New Stock Picks Every Month!

Not to alarm you, but you’re about to miss a very important event! Chief Investment Advisor Scott Phillips and his team at Motley Fool Share Advisor are about to reveal their latest official stock recommendation. The premium “buy alert” will be unveiled to members and you can be among the first to act on the tip.

Don’t let this opportunity pass you by – this is your chance to get in early!

Simply enter your email now to find out how you can get instant access.

By clicking this button, you agree to our Terms of Service and Privacy Policy. We will use your email address only to keep you informed about updates to our website and about other products and services we think might interest you. You can unsubscribe from Take Stock at anytime. Please refer to our Financial Services Guide (FSG) for more information.