Month: February 2019

Dismal January at Airport

No respite in January numbers at the Airport with domestic down -4.7% on the previous year. Difficult to know without again any commentary from the Airport. Sydney Airport reported increased domestic traffic towards the end of the month related to pull forward of Chinese new year which should have been a boost for the month.…

Read more Dismal January at Airport

Experience Co 1H2019

Experience Co half yearly this morning following the recent guidance downgrade: Adventure Experiences The growth on the prior period, has been driven by the full period contribution of the 1H18 acquisitions, in particular Big Cat, Tropical Journeys and Great Barrier Reef Helicopters (‘GBRH’). Overall, with over 98% of our Adventure Experience business located in Far…

Read more Experience Co 1H2019

Friday dump: Reef Casino

Was looking for a Friday dump from the airport but it was Reef Casino (RCT) which got in with an annual result after market closed. $10.1 million is the lowest result since 2010 as flagged in the distribution estimate in December: Hard grind at Reef Commentary wasn’t as forthcoming as hoped particularly nothing on trading…

Read more Friday dump: Reef Casino

No Nova News

Commentary in the latest report from WGC to the Singapore exchange: Nothing much changes in commentary except that there have been about 7 additional sales in the quarter which probably isn’t bad given the sales history today and current property climate: Project Nova City Tower 1 Type Residential & Commercial Total Units 187 Launch Date…

Read more No Nova News

Cairns Business Counts

A quick preliminary look at ABS business numbers count data out today for Cairns Regional Council area listed from bottom to top of industry division losses and gains: Accommodation and Food Services   -29 Construction   -19 Retail Trade   -19 Manufacturing   -13 Electricity, Gas, Water and Waste Services   -10 Rental, Hiring and…

Read more Cairns Business Counts

All eyes on China

Chinese travellers lead the way down under was how the ABS led with the latest overseas arrivals data. China may have overtaken New Zealand but has slowed significantly from previous levels: Short term arrivals data shows Chinese growth slowing further To update from last month: December is a more average month in the volatile Chinese…

Read more All eyes on China

Pokies finally rolling over?

Booming pokies growth numbers in Cairns finally look to be rolling over in line with broader trends for Queensland. These are the LGA for Cairns and Townsville Councils. Caution around that though as modest 0.8% growth in January for Cairns may be impacted by rain and flooding towards the end of the month. Townsville was…

Read more Pokies finally rolling over?

Insurance and Underinsurance

Underinsurance is going to be an issue with events in Townsville. Particularly flood and we are going to see how previous regulatory changes since 2011 work out in practice. The Insurance Council is constantly on about underinsurance however you can only wonder when your insurer comes back with a contents renewal value which implies you…

Read more Insurance and Underinsurance

Experience flushed again

Experience Co is apparently learning the hard way on the vagaries of our tropical climate with another seasonal profit warning ahead of the upcoming half year results. The ugly details: Experience Co Limited (“Experience Co” or “the Company”) (ASX: EXP) today announces the following trading update, revised guidance, executive leadership and board changes: 1. Unaudited…

Read more Experience flushed again

WTF happened to BNE – CNS?

I had looked before at the numbers for top flight routes and intended to return for a closer look. BITRE data is a collection of monstrously large and cumbersome excel files which can be a deterrent but was finally motivated by comments elsewhere on “hot” tourism which would seem to conflict with soft numbers at…

Read more WTF happened to BNE – CNS?