Treasure Chest | Sep 28 2023
FNArena's Treasure Chest reports on money making ideas from stockbrokers and other experts. Today's idea is Silk Logistics.
Whose Idea Is It?
Analysts at Moelis
Silk Logistics Holdings ((SLH))
Silk Logistics Holdings IPO'd in mid-2021 but outside of the two rallies that temporarily catapulted its share price back to $2.50, the experience hasn't been a positive one for shareholders.
Post financial result and dividend payment in February this year, the shares have continued to slide downwards and are now trading near their lowest level as a public company, for a face value loss of -30%, ex dividends.