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SLH - SILK LOGISTICS HOLDINGS LIMITED


nipper
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Silk Logistics Holdings (SLH) is a leading Australian owned logistics business providing an integrated port- to- door service to some of the world's best known brands.

 

This agile approach has led to strong revenue growth, and consistent margins and return on capital. The business model is asset light and uses a Tier 1, technology enabled platform to consistently deliver industry leading service outcomes to its blue chip customer base.

 

Silk differentiates itself in the market by blending its physical logistics capabilities and scaled national footprint with predictive insights capability, inventory optimisation and supply chain visibility from wharf to warehouse and through to last mile distribution.

 

The Company operates as two primary divisions and three distinct services : Port Logistics division offering wharf cartage, and Contract Logistics division offering warehousing and distribution services.

 

The Company has a national footprint with operations in all mainland states in Australia.

 

It is anticipated that SLH will list on the ASX during July 2021

 

Listing date... 09 July 2021 12:00PM AEST ##

Company contact details .... https://www.silklogistics.com.au/

 

Principal Activities .... Integrated Logistics

 

Issue Price .... $2.00

Issue Type .... Ordinary Fully Paid Shares

Security code ... SLH

Capital to be Raised ... $70,000,000

Expected offer close date ... 29 June 2021

Underwriter ..... Fully underwritten. Shaw and Partners Limited and Morgans Corporate Limited (Joint underwriters and Lead Managers)

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SLK closed at high for the day of $2.50 on its IPO

 

Chief executive Brendan Boyd said .... this is a time when people really want visibility over their supply chains, and with our asset light model we can not only give them oversight, we can give them insight into how they can make better decisions.

Targeting recession proof industries such as fast moving consumer goods, food, and containerised agriculture products, Silk picks up goods from the port, brings them to warehouses, picks them to order and then distributes them wherever the customer wants.

 

But rather than the goods disappearing into the black box of the supply chain, Silk Logistics technology tracks the delivery through a single visibility layer, and consolidates multiple freight streams to a vehicle.

 

Through this process, Silk collects a mountain of data customers can analyse to help strip out inefficiencies and costs, allowing them to provide almost daily feedback on slower and obsolete stock or on stock that might be nearing its end of life on the shelf.

 

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and, .... SLK has a 19 per cent annual growth rate for the last six years, actual revenues, earnings and a prospective dividend.

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