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SGI - STEALTH GLOBAL HOLDINGS LTD


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  • 10 years later...

Signature Capital Investments .... delisted following the request of the company .... 10/07/2013

 

 

 

 

 

 

Stealth Global Holdings Ltd (SGI) is a distribution group supplying an extensive range of safety, industrial, healthcare and workplace consumable products to business customers.

 

Stealth primarily serves businesses in the resources, transport, infrastructure, engineering, construction, manufacturing, general trade and industrial sectors. Stealth's core products are safety, industrial, healthcare and workplace consumable products and their key services include distribution and logistics services, contract supply and on-site inventory management solutions.

 

Listing late 2018, it never has traded above the IPO price of 20c a share.

 

 

had a spike today on a trading update

 

Stealth's trading performance continued to improve in 1H 2021, building on the momentum started in the second half of FY2020. Revenue returned to positive growth, up 7% on 2H 2020.

 

As a result of the change in the Company's Africa strategy in December 2019 to refocus on more profitable customers, group revenue was down 23% on 1H 2020, however earnings have significantly improved in line with the strategy. The Company delivered a record statutory EBITDA, higher gross margin %, and higher statutory Net Profit on the lower revenue base.

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  • 4 months later...

Through its wholly owned subsidiary, Heatley Sales Pty Ltd, SGI will acquire the business assets of Skipper Transport Parts

 

 

Highlights

• Stealth has agreed to purchase the business assets of Skipper Transport Parts from Eagers Automotive Limited subsidiary, AMCAP, for a cash consideration of $4.2m.

• STP is a market leading Australian distributor of Industrial Maintenance, Repair and Operating (MRO), Automotive, Truck & Trailer, Mining, Bus and Agriculture products.

• Key assets to be acquired include:

› Branch store locations in Perth, Albany, Esperance, Karratha, Port Hedland, and its onsite stores operations at several customer locations across Western Australia and Queensland,

› 34 employees, ~1,250 customers and ~300 suppliers,

› Technology stock management systems and websites,

› ~ $0.5m of PP&E and ~ $3.7m of Inventory (~250,000 products in-stock).

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