Much of this stock’s appeal lies in the type of people who will be on the register: There are a number of SA and KI residents I have spoken to over the years who have their private shares stitched into the mattress so I can’t see much selling on open -other than a few traders taking profit. This is a classic ‘mum and dad’ yield play in a company that is making good money. Tonnes of SA punters would be keen to stash a few of these in their SMSF too, so I can’t see much free moving supply, even as (potential) capital growth lowers yield. This is a high profile float and I can imagine all those grey haired Adelaidians who didn’t get onboard will be badgering their broker for this season’s must-have portfolio jewlery. Pixie to Beatrice on the 4th hole at Royal Adelaide: “Gerald and I took up the IPO, how about you?” Weaker dollar good for the tourism industry, with demand supported by locals who use Sealink as a vital service in SA NSW and QLD Same team running it, so I don’t see a great deal of downside. I don’t see anything wrong with it – that’s why I took all I could get and am giving it a good ol ramp.. Interesting factoid: Australian Mainland to Kangaroo Island ferry route (Sealink has monopoly) is the most expensive per mile in the world (heard it from a mate last year so perhaps double check this)
SLK Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
