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 […]

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 […]

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 […]

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 […]

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 […]