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OneLogix: At a 56% discount, it’s well priced for an upswing


OneLogix: At a 56% discount, it’s well priced for an upswing

At this price it also presents a very tempting target for a large conglomerate or logistics company

Chris Gilmour

Until recently, OneLogix (https://www.sharenet.co.za/v3/quickshare.php?scode=OLG) has been a very solid performer. A small logistics company operating in well-defined niches such as vehicle delivery, it has a unique formula for acquiring new businesses while retaining entrepreneurial talent.

Unfortunately it has fallen victim to the poor economic environment and that situation is unlikely to change any time soon. While group earnings fell quite heavily, none of the 12 operating businesses made a loss.

The cross-border elements of the group took strain. Operations slowed down due to the Durban port working extremely inefficiently, mainly due to its historical location, which can get seriously clogged up with road traffic...

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