Update on Experience

Experience Co held its AGM last week. The only thing usually to note from these events is the update since the FY2018 end. FY19 1st QUARTER UPDATE Experience Co Limited advise the following update for the period 1 July 2018 to 30 September 2018: Passenger numbers: • Skydive (Australia and New Zealand) passengers are down […]

A Mixed Experience

I started a watch on ASX listed Experience Co (EXP) last year after their acquisition of a string of Cairns based tourism businesses: Raging Thunder, Reef Magic, Big Cat, GBR Helicopters, Tropical Journeys. EXP had previously been Skydive the Beach (SKB) with a business model based on aggregating operations in that sector. My most recent […]

Experience Results 1H2018

With reporting season in full swing the highly acquisitive Experience Co has also reported results this week. The interest here is in the stakes acquired in recent times in prominent Cairns based tourism businesses. Commentary from Experience: Raging Thunder  • 6-month contribution to 1H18 results • Financials in line with management expectations • PAX numbers […]

An eye on Experience

Following my recent post on Experience Co (EXP) formerly Skydive the Beach (SKB) there are further acquisitions announced in FNQ: 4 DECMEBER 2017 EXPERIENCE CO LIMITED (ACN 167 320 470) (ASX: EXP) ASX ANNOUNCEMENT EXPERIENCE CO ANNOUNCES ACQUSITION OF BIG CAT GREEN ISLAND REEF CRUISES AND TROPICAL JOURNEYS Experience Co Limited (‘EXP’, ‘the Company’, ‘Experience […]

Experience on Watch

The skydiving tragedy last week in Mission Beach placed ASX listed Skydive The Beach (SKB) back on my radar. SKB is the operator of Skydive Australia which conducts the tandem skydives in Mission Beach and Cairns. SKB has built a model aggregating this activity to a dominant position in Australia and NZ. I did look […]

Weekend Diversions

It looks like getting hot and unpleasant in coming days. An excellent opportunity to sit back, relax and catch up with the annual presentations a few months ago now to the Cairns Chamber lunch by Bill Cummings and Rick Carr: Rick Carr: The Cairns Property Market Bill Cummings: Text; Presentation. These two have been around […]

Soft June at Airport

Cairns Airport numbers continue to be soft with zero growth in June. Domestic +0.1%; International -0.6%; ex transits etc. Airport commentary: Sydney, Melbourne and Brisbane experienced fog disruptions which resulted in some flight disruptions and cancellations in June. Queensland school holidays started on 30 June 2018 vs. 23 June in 2017. This change caused a […]

ATO income data and Cairns City

To follow the previous post and comment that Cairns City SA2 is different here are personal income relativities for the Cairns urban SA2’s: This is different from the 2016 census where Cairns City SA2 median personal income was above the Queensland median. Presumably this represents the difference between the flow of short term income earners […]