Month: May 2019

Reef Casino Sinking

17 April ASX announcement: The Trust’s distributable profit* for the 1st half year from 1 January 2019 to 30 June 2019 is currently estimated to be between $1.7 million to $3.0 million. This current estimate is lower than the actual result for the same period last year. This is due to :-  Softness in…

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Airport April: dead cat bouncing?

April brought some respite for Cairns Airport with a positive growth number breaking a run of negative months. However we should recall our comments from last month: There will be no excuses in April with the tailwinds into Cairns all positive from the later Easter shift and a scheduled domestic capacity increase from Qantas. While…

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Experience Downgrade

Experience Co has yet again downgraded profit guidance due to performance of the Cairns related businesses.  But, “considering the arrival of the late season Cyclone Ann which has temporarily grounded our adventure experiences and skydiving activities, we have revised FY19 guidance.” Cyclone Ann? Huh?   ASX RELEASE 16 May 2019 TRADING UPDATE AND REVISED FY19…

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