SLK is a combination of 2 parts, firstly it operates in the transport space and secondly as the name suggests the tourism sector. We feel like there are too many moving parts at the moment with risks hanging over a few e.g. this month it failed to win the Melbourne Bus Franchise contract and the stock fell over 10%. In other words MM believes there are simply easier places to be invested moving into 2022.
MM is neutral SLK
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