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Silk Logistics IPO - Morgans, page-7

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sd1565811

618 Posts.

32

01/06/21

16:58

Post #: 53570777
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Originally posted by stardestr0yer: ↑

I am definitely takingthis one...

Logistics firms like this are doing really well in the new world . It is a single seller bailing out and happy for that to be the case. Highlights for me:
1. generating 19.7% revenue CAGR sinceFY14 (This is amaziung growth)
2. 4.4% div yield
3. 97% repeat business
4. They do not own the warehouses (someone above saw this as a negative) which I like so they can quickly move to alternative premises to meet new growth
5. Looks like only 1 mill shares prior to IPO not escrowed! For a raise of this size, if those 2 holders decided to sell I reckon they will easily get absorbed

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haha....looks like the only pressure is from the broker firm clients which they always sell on the first trading day.
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