Ann: FY22 Investor Presentation, page-4

People have been buying. It'll bleed on trend with the market for now, but long term increased liquidity is I think a good thing.

Port logistics is their most profitable / heaviest revenue generating side of the business, consistent with previous year. Not sure where you're getting warehousing from on that. There does seem to be a very slight reduction in warehousing revenue/profit this year, but overall profit, margin, EBITDA are up and have delivered solid increases.

SLH has no debt, a loyal customer base, integrated solutions and remains a good value pick relative to market cap.