Changes are happening - please bear with us while we update our site.

Changes are happening - please bear with us while we update our site. Click here to give us your advice and feedback.

WHSP (SOL) to expand into data centres, time to buy shares?

WHSP (ASX:SOL) may soon expand into data centres, is it time to buy shares?

WHSP (ASX: SOL) may soon expand into data centres, is it time to buy shares?

What is WHSP?

WHSP is an investment house business which has been on the ASX for over a century. Its origins are in owning and operating Australian pharmacies, which is where the Soul Pattinson chemist chain comes from, however, that business is now owned by Australian Pharmaceutical Industries Ltd (ASX: API), which WHSP owns 19.3% of. WHSP invests in a large number of companies across a variety of industries such as construction, resources and telecommunications.

WHSP’s technology play

The investment house is known for investing in industries that have been around for decades.

According to AFR Street Talk reporting, WHSP is going to invest in data centres. It’s going to work with ‘Leading Edge Data Centres’ which builds, owns and runs small data centres which are located close to the users which will help faster processing and speed up applications on devices.

Data centres is a promising industry because many users are now outsourcing data storage instead of having the computing power on site.

There are plenty of big global players as well as NextDC (ASX: NXT) in Australia. But these players are looking at the big cities, whereas Leading Edge is able to either operate alongside with them or in regional areas not serviced by the big players.

WHSP will take part with a large stake with its unlisted investment portfolio. The AFR understands Leading Edge has the right relationships, sites and configuration to do it well and profitably.

Is the WHSP share price a buy?

I think so. WHSP’s diversified portfolio is getting more diversified as time goes on, opening up even more growth opportunities and hopefully long term cashflow to grow the value of the busienss and provide more earnings for the dividend. It’s a great dividend share. COVID-19 has caused the share price to fall to an attractive level.

But if you’re looking for a pure technology play then the below shares could be great picks:

[ls_content_block id=”18457″ para=”paragraphs”]

Disclosure: Jaz owns shares of WHSP at the time of writing, but this could change at any time. 

$50,000 per year in passive income from shares? Yes, please!

With interest rates UP, now could be one of the best times to start earning passive income from a portfolio. Imagine earning 4%, 5% — or more — in dividend passive income from the best shares, LICs, or ETFs… it’s like magic.

So how do the best investors do it?

Chief Investment Officer Owen Rask has just released his brand new passive income report. Owen has outlined 10 of his favourite ETFs and shares to watch, his rules for passive income investing, why he would buy ETFs before LICs and more.

You can INSTANTLY access Owen’s report for FREE by CLICKING HERE NOW and creating a 100% FREE Rask Account.

(Psst. By creating a free Rask account, you’ll also get access to 15+ online courses, 1,000+ podcasts, invites to events, a weekly value investing newsletter and more!)

Unsubscribe anytime. Read our TermsFinancial Services GuidePrivacy Policy. We’ll never sell your email address. Our company is Australian owned.

Information warning: The information on this website is published by The Rask Group Pty Ltd (ABN: 36 622 810 995) is limited to factual information or (at most) general financial advice only. That means, the information and advice does not take into account your objectives, financial situation or needs. It is not specific to you, your needs, goals or objectives. Because of that, you should consider if the advice is appropriate to you and your needs, before acting on the information. If you don’t know what your needs are, you should consult a trusted and licensed financial adviser who can provide you with personal financial product advice. In addition, you should obtain and read the product disclosure statement (PDS) before making a decision to acquire a financial product. Please read our Terms and Conditions and Financial Services Guide before using this website. The Rask Group Pty Ltd is a Corporate Authorised Representative (#1280930) of AFSL #383169.

Skip to content