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 […]

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 […]