Lind­say Fox and Lin­fox share buys in the trans­port and lo­gis­tics space has raised main­stream in­ter­est

Australian Transport News - - Contents -

Share pur­chases by Lind­say Fox and Lin­fox in the trans­port and lo­gis­tics ( T& L) space have be­come hard to ig­nore, with even the main­stream press tak­ing no­tice.

In De­cem­ber, Lin­fox made a $ 6.8 mil­lion pur­chase of K& S Cor­po­ra­tion shares.

Last month, it raised hold­ings from 8.46 per cent to 9.57 per cent of K& S, pay­ing $ 470,280 for 271,255 shares.

Based on the top-20 share­hold­ers stated in the K& S 2015 an­nual re­port, that could be the sec­ond-high­est in­di­vid­ual hold­ing.

It is the lat­est in more than 30 share nib­bles that have come ev­ery few days. Like­wise, as the Aus­tralian Fi­nan­cial

Re­view al­ready noted, Lind­say Fox’s All­jet In­vest­ments has been tak­ing a se­ries of chunks of ports-fo­cused eastern states firm Chalmers over the past few years.

As of mid-Fe­bru­ary, when it spent nearly $ 46,000 on more than 15,000 shares, All­jet has 17 per cent of Chalmers.

This seems to have gained mo­men­tum at the start of last year, when the share­hold­ing was 10.57 per cent, af­ter a hia­tus two and a half years.

The buys put Fox in sec­ond po­si­tion in the com­pany, be­low con­tainer parks di­rec­tor Gary Chalmers on 19.37 per cent.

“We con­tinue to see value in the stock at their cur­rent lev­els and have taken the op­por­tu­nity to ex­pand our hold­ing,” a Lin­fox spokes­woman says.

Fox is not the only T& L player with an in­ter­est in Chalmers, with Qube Eq­uity hav­ing 4.09 per cent stake.

Mean­while, K& S is keep­ing tabs on ma­jor client Ar­rium, for which it has a num­ber of trans­port and lo­gis­tics con­tracts in place haul­ing fin­ished steel.

Ar­rium is in vol­un­tary ad­min­is­tra­tion with dif­fi­cul­ties cen­tred on its Whyalla steel works and min­ing op­er­a­tions – nei­ther are re­lated to the con­tracts.

Re­cently, K& S said it was in talks with ad­min­is­tra­tor Grant Thorn­ton “re­gard­ing the on­go­ing pro­vi­sion of trans­port and lo­gis­tics ser­vices to the Ar­rium Dis­tri­bu­tion Busi­ness.

Since then, Korda Men­tha has taken over Ar­rium’s ad­min­is­tra­tion.

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