Search results for: experience

Experienced Thoughts

Experience Co released annual results today. This isn’t what it was when it represented a bigger cross section of FNQ tourism business but is still more reliable than certain tourism lobby group interests. The quality of management here for a relatively small company is highly regarded. I think I am actually surprised by the monthly…

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Experience divests GBR Helicopters

“Experience Co Limited (ASX: EXP) today announces an update on its strategic review. Experience Co has entered into a contract for the sale of the Great Barrier Reef Helicopters (“GBRH”) to the Morris Group. The GBRH transaction is anticipated to be completed in early January 2020. EXP has also completed the sale of the canyoning…

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Experience AGM

The Experience Co AGM today didn’t provide much new trading information to follow the recent update: Another Bad Experience. However, as part of a strategic review they have flagged helicopters, canyoning, rafting and ballooning as non core with an overweight position in FNQ. The CEO presentation contains an interesting graphic: A quite frank summary. Will…

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Another Bad Experience

Experience Co (ASX:EXP) has this morning lobbed another trading update with weaker trading conditions in the September quarter for the FNQ Adventure Experiences business: Adventure Experiences: The challenging trading conditions in Far North Queensland discussed in our FY19 results announcement, have continued. Revenue for Q1 FY20 is down by approximately 21% on the prior period, with…

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Experience Co 2019

Previously flagged at Tourism Stock Watch the headline result from Experience Co today was a shocker with a loss of $48 million after tax et al. This was though mostly writedowns in valuations “driven by $62.5 noncash impairments in the Adventure Experiences segment” as the new management team mucks out the stable. The Adventure Experience…

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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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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…

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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…

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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…

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