Investor interest in the WHSP share price has been generated by the fact that Washington H. Soul Pattinson is on an extraordinary 122-year run on the Australian Securities Exchange. This diversified investment house is listed currently at about 38.49, and it is one of the most persistent success stories in Australia.

What is Washington H? Soul Patton (WHSP)?

Washington H. Soul Pattinson (also referred to as Soul Patts) started in 1872 as a small pharmacy business when Caleb Soul and his son, Washington, started off in their first store in Pitt Street, Sydney. It is now the second-oldest publicly listed company in Australia and one of the largest investment houses in the country with a portfolio worth more than $12 billion.

The corporation has since grown out of its pharmaceutical background into a complex diversified investment house that holds investments in various industries and in numerous asset classes. The best aspect of Soul Patt’s is its continuous dividend policy – it has never paid out the dividend since its listing on the Sydney Stock Exchange in 1903, even in times of the Great Depression and the Global Financial Crisis.

Recent WHSP Share Price Performance. Resilience

over the last two years is reflected by share prices that have oscillated between a range of $31.70 and $45.14 over the last 52 weeks. Recent performance highlights are:

• 52-week high: $45.14 (reached September 2025)
• 52-week low: $31.70 (March 2025)
• Present price: Somewhere around $38.49.
• Market capitalisation: 14.7 billion U.S.dollars.
• Performance (YTD): 12.38% up in 2025.

The stock is not very volatile as the beta stands at only 0.30, and this is much lower than the rest of the Australian market. This stability is an indication of the conservative investment strategy, as well as the diversified portfolio structure at the company.

Investment Portfolio Strategy by Soul Pattination

The investment philosophy in Soul Patts is long-term and has been a success over the last hundred years. The investment strategy of the company is:

Strategic Holdings (48 per cent of portfolio): Long-term holdings in listed businesses with board positions, and in Brickworks (43 per cent stake), New Hope Group (39 per cent stake), and TPG Telecom (13 per cent stake).

Large Cap Portfolio (18%): Important investments of large ASX firms such as BHP, Macquarie, CSL, Goodman and Wesfarmers.

Private Equity (14%): Unlisted company investments with promising growth opportunities, such as luxury aged care and roll-ups of swimming schools.

Credit Portfolio (10%): Corporate loans, bonds and structured instruments that offer continued cash yield.

Emerging Companies (8%): Exposure to more growthful companies taking advantage of structural change.

Should Soul Pattinson be Invested in?

The investment analysts always give Soul Patties an optimistic rating in the long run. The company is listed on the list of best ideas by Morgan with an A rating, with several interesting reasons:

Excellent Track Record: Soul Patt’s has a 20-year history that has seen it pay 12.4% yearly return, which is far better than the All Ordinaries Index, which has delivered 9% returns. Since 1998, the company has been paying higher and higher dividends, which is very consistent.

Conservative Management: Deeply conservative in its approach to preservation of capital and long-term value creation, the fourth-generation management of the Millner family, led by Chairman Robert Millner and CEO Todd Barlow, remains conservative in their management.

Dividend Reliability: Soul Patts has a current dividend yield of 2.68% and 100% franking, making it provide stable income and capital growth potential. It has been 27 years of successive growth in dividends.

What Does Soul Pattinson Invest In?

The diversification strategy by SoulPattiss covers a variety of industries and investments. The most significant investments made by the company are:

Materials: Soul Pattz has a 43 per cent interest in Brickworks, which has a positive effect on the Australian construction sector and property development.

Energy & Resources: A 39% investment in New Hope Corporation gives exposure to coal mining and energy production.

Telecommunications: TPG Telecom provides a 13% investment in the telecommunications infrastructure in Australia.

Emerging Sectors: The company is opportunity-seeking, as shown by the number of private investments in aged care, swimming schools, and other developmental sectors.

History and Future of WHSP Share Price

The share price of the WHSP has been recorded to be performing well on a long-term basis. An investment of 1,000 dollars in 1977 would have increased to almost 495,000 by 2017, which is a compounded annual rate of 16.8%.

Recent events that have impacted the share price include:

Brickworks Merger: Soul Patt’s announced that it would merge with Brickworks in June 2025, with a price of 14 billion, pending shareholder ratification. This business decision has the potential to open up the door to a lot of shareholder value.

Portfolio Diversification: The company is also moving more into the private markets, credit and emerging growth companies, minimising the dependence on traditional listed investments.

Management Succession: Soul Patts has an effective management team and a high continuity of leadership, which makes them well poised to grow in the future.

Who Leads Soul Pattinson?

Todd Barlow is the Managing Director and CEO and has worked in mergers and acquisitions all around since he joined in 2004. The team of leaders consists of:

• Robert Millner: Non-Executive Chairman (4th generation family leadership
• David Grbin: Chief Financial Officer
• Brendan O’Dea: Chief Investment Officer.
• Dean Price: Credit and Emerging Companies Managing Director.

This is an experienced team with family stewardship and professional investment knowledge that has ensured success in the company for over a hundred years of conservative philosophy.

Important Investment Factors

Strengths: Soul Patt’s provides investors with a diversified portfolio that is professionally run and has an outstanding track record of dividend distributions. The long-term orientation and conservatism in management of the company offer stability in different volatile markets.

Risks: The performance of the company is still pegged on its largest investments, especially Brickworks, TPG and New Hope. The financial crises of these industries might affect the returns.

Valuation: WHSP is now trading around asset backing b, but the share price of the company does not provide any substantial discount to the net assets and represents fair value.

The WHSP share price is not only another ASX investment – it is an investment in the investing history of Australia with contemporary portfolio management. Investors targeting long-term growth and accumulating dividends can hardly believe the 122-year history of Soul Pattinson, and can only guess how the company may keep generating wealth for shareholders.

The Australian coin collectors have been closely monitoring the value of the 2013 coronation coin of 2, which is of 2 dollars and reasonably so. The purple-crowned coin celebrating the 60th anniversary of the coronation of Queen Elizabeth II has emerged as one of the most demanded coloured coins in Australia of the 2-dollar denomination. This coin is a great possibility for both collectors and those who will win the lottery of stumbling on one in their pocket change, at a price of between $30 and more than 650, depending on condition and type.

Knowledge of the 2013 Coronation $ 2 Coin

In 2013, the Royal Australian Mint issued a 2013 coronation coin in the denominations of 2 dollars to commemorate the 60th anniversary of the coronation of Queen Elizabeth II on June 2, 1953. It was the second coloured circulating coin made by Australia after the popular Red Poppy pattern of 2012. The coin has a stylised image of the Crown by St Edward, surrounded by concentric purple circles, with the royal purple colour, which is a symbol of monarchy.

Key Specifications:

• Year of Issue: 2013
• Denomination: $2
• Type: Aluminium Bronze (92 per cent copper-nickel, 6 per cent aluminium, 2 per cent nickel)
• Weight: 6.6 grams
• Diameter: 20.62mm
• Designer: Reverse by Aleksandra Stokic.

What makes the 2013 Coronation Coin Value $2?

Standard Circulating Coins

In the case of regular 2013 coronation $2 coins available in the market, their current market values are between 30 to 86 dollars, depending on their condition. Examples that are circulated average a price of approximately $60 to $8,0, and superior quality exemplifications attract a premium price.

Professional grading has a great influence on value:

• MS63 (Mint State 63): Around $109
• MS64: Approximately $112
• MS65: Up to $156
• MS66: Around $272
• MS67: Up to $488

Very Rare Valuable ‘C’ Mintmark Variety

The 2013 coronation coin of value 2 is the highest value in terms of mintmark, which is the C mintmark. These collector coins have a small C engraved on the right side of the coin, and they are valued much higher because they are not minted in large numbers.

C Mintmark Values:

• Standard condition: $440 to $650
• High-quality ones: As high as 1,445 in the secondary market.
• Recent sales: Professional dealers at a price of between 495 to 625.

Mintage Figures and Rarity

To make sense of the 2013 coronation $2 coin value and to determine the rarity and collectibility, it is necessary to take a closer look at the mintage figures:

• Normal circulation coins: Some 995,000 to 1 million in circulation.
• C’ Mintmark collector: Rare coins were made only in 34,967.

These figures ensure that the 2013 coronation coin is the second-lowest mintage $2 coin that was supposed to be circulated in the history of Australia. The one million mintage of the coronation coin is incredibly low, compared to the average annual coin minting in 1930 of about 50 million, which is about fifty different coins.

Determining Worthwhile Variants and Fallacies

Standard vs. C Mintmark Coins

The first step in determining the value of your 2013 coin, the Coronation 2, which is a 2-cent coin, is determining whether it is a standard circulation coin or the high-value mintmark C. The mintmark C is written in a tiny letter at the right of the coin, which proves that the coin was especially designed as a collector’s one in the Royal Australian Mint in Canberra.

Potential Error Coins

As with all coloured $2 coins, the 2013 coronation series is also prone to Bullseye errors, whereby the coloured design is erroneously engraved onto the obverse (Queen portrait) in lieu of the reverse. Such mistakes are highly uncommon and may be worth thousands of dollars each time they are discovered.

Recent Market Performance and Investment Opportunity

The value of the 2013 coronation coin, a $2 coin, has continued to grow since its release. According to coin expert Jamie Pang, the 2013 coronation coin has proven to be one of the most sought-after in collector circles, with circulated coins currently trading at 30-40x face value.

Recent Market Activity:

• Coin dealers who are professionals claim steady demand.
• The sales data of eBay indicate the circulation of coins priced in the range of $60-80.
• Professionally graded examples of high grade attract extremely high premiums.

There is a renewed interest in the coin-collecting market, especially after the death of Queen Elizabeth II in 2022, when collectors turned to purchasing objects of history with her effigy.

The best way to measure your value of the 2013 Coronation $2 Coin

Condition is Critical

The value of the 2013 coronation coin in value is one that is very condition-sensitive in terms of value. Uncirculated or mint state coins carry a much higher value than those that are worn out by being used.

Professional Grading

With valuable coins, you can have your coin professionally graded by grading services such as PCGS, which can legitimise your coin and enhance its value and market interest to more serious collectors.

Proper Storage

When you find a 2013 coronation $2 coin, you should keep it safe and store it in a good place in order to maintain its value and maximise its potential over time.

Where to Buy and Sell

Reputable Dealers:

• Sterling Currency
• The Coin Chest
• Downies
• Wynyard Coin Centre

Online Marketplaces:

• eBay Australia (be careful of authenticity)
• Numismatic auction houses are specialised auction houses.

The value of the 2013 coronation coin in the form of a two-dollar coin keeps appealing to both beginner and expert collectors. Whether you are looking to see what treasures are lurking in your change or you are out to buy this historic commemoration and add it to your collection, it is important to know what factors affect its value to make an informed choice in the exciting Australian coin-collecting market.

Jon Adgemis, a former KPMG dealmaker, is now associated with one of the most dramatic business collapses in Australian business history, where his formerly formidable hospitality empire is now sinking under an unprecedented, debilitating debt burden of up to $1.88 billion. The fall of the Sydney pub baron is still going on with the courts, liquidation and regulatory interventions.

September 2025: The Empire Totally Explodes

The most recent events have shown the total liquidation of the business empire of Adgemis. Public Hospitality Operating Co, which is one of the major companies in his network, had gone into liquidation and owes the Australian Taxation Office 123 million dollars. Liquidator Tim Cook said they had lost assets that had been considered worth over 1.29 billion dollars, and missing records could not allow for the recovery of these losses.

Cook discovered that the company traded when insolvent, though Adgemis refutes this claim. The liquidator mentioned poor financial management, such as the absence of records, the inability of entities once under control by the director and failure to meet statutory requirements, as the main reasons for the collapse.

Fire Sales of property are still on

The progressive liquidation of the property holdings of Adgemis increased during 2025. In September, receivers sold the Kurrajong Hotel in Erskineville to Millennium Capital Managers of Tom Wallace at a speculated price of $20 million. Other former Adgemis assets had fallen into the hands of distressed property specialists, including the Art Deco property, which had never been recycled after recent renovations.

Millennium Capital has become a major acquirer of distressed Adgemis properties, with the Town Hall Hotel in Balmain selling to the company at $9.5 million and Three Weeds in Paddington selling to the company at about 20million dollars. Such deals indicate the continuing feeding spree of the Australiana pub barons, who are looking at acquiring good venues at lower prices than the market.

Creditor Rejection and Personal Bankruptcy Battle

Adgemis made a strong resistance when he tried to make a debt compromise proposal to ensure that he was not bound to personal bankruptcy. In August 2025, he offered creditors 0.15 cents per dollar to pay, which would have given the Australian Taxation Office only what it was due, namely 275,347, of the $162 million it was owed, instead of the full 100 per cent.

The Australian Financial Security Authority (AFSA) also entered into the creditors’ meeting dramatically when it connected to the meeting through video conference to raise concerns regarding the actions of the controlling trustees. The Inspector-General in Bankruptcy was also examining possible contraventions of the bankruptcy act, as indicated by the national manager of AFSA, Neville Matthew.

Report of bankruptcy trustees showed that Adgemis had only $3,799 in his bank account as he lived further in a Bondi penthouse worth $60,000 a month. This sharp juxtaposition of his reported meagre assets and luxurious lifestyle attracted scathing attention from the ATO, who inquired about how he could afford his luxurious way of life that included such extravagant accommodation.

Family Home Repossession

To top off personal trauma with business meltdown, the Rose Bay family home of Adgemis was foreclosed and sold. The Conway Avenue property, which he shared with his mother, was auctioned under mortgagee possession to La Trobe Financial, who wanted to recoup their sum of 6.2 million borrowed for businesses.

The property was bought in 2018 at a price of 4.45 million, and developers were highly interested in it because it has the R3 zoning that can be used to build townhouses. The agents dealing with the sale put the value between 7 and 8 million dollars, as it is one of the few properties that could bring significant recovery to the creditors.

The court records brought to light shocking information that Adgemis mortgaged the homes without informing his mother, and his legal team argued that his mother had never been provided with any pertinent documents. The share of the property owned by his mother was even reported to have been safeguarded against her son.

Scrutiny by Regulatory Bodies Increases

The intervention by AFSA is an indication of mounting regulatory anxiety on the issue of the abuse of personal insolvency proposals. The authority made several public announcements to emphasise the issues regarding the Adgemis case and the actions of the controlling trustees.

The Inspector-General in Bankruptcy directed WLP Restructuring, the controlling trustees of Adgemis and advised them to deal with issues in their creditor reports. This regulatory move led to the adjournment of key creditor meetings and continuous investigations into the actions of the trustees.

GST Fraud Allegations

In addition to the current debt crisis, Adgemis is said to have a 300 million GST scheme of fraud in at least 27 companies in its network. The ATO has also gotten into his case in insolvency with fears of fraudulent GST claims that may see taxation rise by leaps and bounds.

Liquidators state that they have discovered traces of such improper and unfounded claims, which may leave behind other tax liabilities worth more than $300 million. Adgemis does not admit any misconduct and will appeal against the taxes levied, although these charges only add to his already desperate financial situation.

Under Investigation: Asset Transfers

Bankruptcy trustees found suspicious transactions that were conducted on the luxury assets of Adgemis. It has been reported that he used company funds to pay off debts of his 95-foot yacht that once belonged to actress Shirley Temple, amounting to $2.44 million over a period of five years.

Also, close to 15 million cash was being withdrawn or lent to company accounts, 10 million of which was used to pay loans to Richard Gazal and 900,000 to his godfather George Confos. At one point, Trustees said that Adgemis admitted that he had made certain payments in an incorrect manner.

Current Living Situation

Adgemis still lives in luxurious accommodation despite the low personal assets she reports. He has left his renowned Point Piper mansion, dubbed Bang & Olufsen, for an apartment in Bondi, owned by billionaire fund manager Will Vicars. This setup, which is said to involve property upkeep in exchange for accommodation, indicates how intricate relationships were to reinforce his way of life despite crippling debts.

Impact on Industries and Fallout of Creditors

The failure has had great ripple effects in the hospitality industry in Australia. Angas Securities, which is a creditor and owed close to 18.5 million dollars, took over the Noah’s Backpackers apartment building, and they intend to sell it in the spring to get back their money. Employees throughout the empire are still owed their unpaid wages worth $6.7 million.

Large hospitality organisations such as Solotel, which is run by Bruce Solomon, bought some of the previous Adgemis outlets at a low rate. The asset fire sale, apparently, is assessed by industry veterans Arthur Laundy and Justin Hemmes.

Future Proceedings

Having seen creditors turn down his offer to compromise with his debt and AFSA continuing to pressure him through the regulation, Adgemis will go bankrupt. This would disallow him as a company director and limit the value of assets to less than 9,600.

The current liquidation procedures within his network of companies would continue until at least 2026, and receivers and liquidators will seek to recover assets and seek to find other recoveries via litigation. There are several court cases over property disputes, claims by creditors, and breaches of regulatory laws, which means that Adgemis will be spending many years in court.

The Jon Adgemis saga is one of the most dramatic business failures in Australia that turned a thriving hospitality business into a lesson on overleveraging, dubious financial dealings and regulatory meltdown. With the liquidation process ongoing and the investigations underway, the true amount of money lost to the creditors, the employees, and the taxation system still rolls on.