Very undervalued business at current prices. There may be another takeover bid coming noting 1) FY18 was a year of significant investment for future growth & the forward P/E multiple likely significantly lower than historical 2) uncertainty around management 3) SLK being one of the few Australian stocks (apart from SYD) leveraged to the inbound tourism thematic, with MTR now part of Accor 4) improvement in oil price not reflected in share price
SLK Price at posting:
$4.09 Sentiment: Buy Disclosure: Held