SVW: A diversified industrial
Seven group (ASX:SVW) is controlled by billionaire Kerry Stokes with his son Ryan Stokes as the CEO. The Stokes family own 57% of the shares on issue. It is classified as an industrial stock. There are two commonly used definitions of an industrial stock. The broad definition is that all stocks that are not resource stocks are termed industrial stocks. The narrow definition is where stocks are classified into sectors. In Stockopedia there are 10 main sectors, one of which is Industrials. There are 23 stocks in the Samp;P/ASX 200 Industrials index, which is based on the GICS classification system, and Seven is the 6th largest.
Seven Group Holdings (SGH) is a diversified operating and investment group. It owns businesses and investments in industrial services, media and energy. Some of these businesses are owned outright. In others they own a controlling interest and a non-controlling interest in some others.
It is important not to confuse Seven group (ASX:SVW) with Seven West Media (ASX:SWM). Seven West Media is a separate listed business that owns media assets including the Seven television network and a newspaper and publishing company. However SGH also holds a 40% stake...