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SLK, SEALINK TRAVEL GROUP
blacksheep
post Posted: Mar 26 2018, 06:45 PM
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Posts: 6,403
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In Reply To: blacksheep's post @ Feb 22 2018, 11:58 AM

Acquisition of Kingfisher Bay Resort Group completed today. SP also finished in the green - one of a few today - albeit on low volume

QUOTE
SeaLink Celebrates Completion of the Acquisition of Kingfisher Bay Resort Group
SeaLink Travel Group (ASX:SLK) (SeaLink) today announced the completion of the acquisition of the assets
and operations of the Fraser Island Kingfisher Bay Resort Group (“KBRG”) on Fraser Island, Queensland, for
$43 million from Cosmos Australia Pty Ltd, with all customary conditions precedent having been addressed.
SeaLink Managing Director, Mr Jeff Ellison said, “We are all systems go and are ready for the Easter break.

We are very much looking forward to working with the terrific management team on Fraser Island, led by
David Hay, to further develop the full potential of this truly iconic location. David and his team have done a
great job of enhancing the visitor experience on Fraser Island in recent years, and we share the same vision
for its future growth. From our perspective it’s all about positioning this remarkable place as one of Australia’s
leading eco-tourism experiences.”

The SeaLink Fraser Island acquisition comprises four distinct, profitable and well-established tourism and
transport operations – Kingfisher Bay Resort, Eurong Beach Resort, Fraser Explorer Tours and Fraser Island
Ferries. It accounts for 90 per cent of accommodation rooms on Fraser Island.

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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Feb 22 2018, 11:58 AM
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Posts: 6,403
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In Reply To: blacksheep's post @ Jan 3 2018, 01:40 PM

Half Year End Results - 31 December 2017 & Acquisition of Kingfisher Bay Resort Group – Fraser Island

QUOTE
Business Highlights
Financial & Operational
• Sales of $100.8 million
• Net Profit after Tax of $11.3 million
• Strong Net Operating Cashflow of $17.7 million
• Continued sales and margin growth in South Australia, SE Queensland and Townsville
• Completion of major refurbishment and out of water maintenance on five of our largest vessels
• Appointment of Chief Operating Officer
• Interim dividend of 6.5 cents per share up by 8.3%
Investment, Product Development & Acquisitions
• Acquisition of Kingfisher Bay Resort, Touring and Marine operations - Fraser Island, Queensland
• Introduction of two new ferry services (Manly to Barangaroo in NSW & Fremantle to Rottnest Island in WA)
• Purchase of MV Nancy Wake and construction commenced for two new “tubby class” vessels for Sydney


QUOTE
SeaLink acquires major iconic tourism attraction: Kingfisher Bay Resort Group on Fraser Island
Establishment of new SeaLink business hub in Brisbane

Summary
▪ Acquisition by SeaLink Travel Group Limited (SeaLink) of Kingfisher Bay Resort Group for $43.0m
▪ Kingfisher Bay Resort Group calendar year 2017 EBITDA of $7.9m, and EBIT of $5.8m, respectively
▪ EBITDA and EBIT acquisition multiples (based on unaudited CY17 financial results) of 5.4x and
7.4x, respectively
▪ Cosmos Australia Pty Ltd, an entity owned by publicly listed Cosmos Initia Co Ltd of Japan disposing of their
interest in the businesses to focus on residential development and other investment opportunities in Australia.
Cosmos Australia, together with their partner since 1991 Tourism Leisure Corporation, jointly developed or
acquired, and operated the resorts and businesses
▪ Transaction consideration is in cash, funded through bank interest only debt
▪ Expected to be materially earnings per share accretive in the first full financial year
▪ SeaLink establishing new business hub in Queensland

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--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Jan 3 2018, 01:40 PM
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Posts: 6,403
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In Reply To: blacksheep's post @ Dec 10 2017, 09:02 PM

SeaLink has employed a lobbyist as competition for the Kangaroo island route hots up
Cameron England, Business Editor, The Advertiser
December 29, 2017
http://www.adelaidenow.com.au/business/sea...7a4b300f2e62e78
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--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Dec 10 2017, 09:02 PM
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Posts: 6,403
Thanks: 2229


In Reply To: blacksheep's post @ Nov 8 2017, 11:02 AM

Updated chart - downtrend could be reversing

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--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Nov 8 2017, 11:02 AM
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Posts: 6,403
Thanks: 2229


In Reply To: blacksheep's post @ Oct 19 2017, 08:51 PM

Launch of Sealink WA’s Rottnest Island ferry service helps slash prices for tourist destination
Regina Titelius
Saturday, 4 November 2017 3:24PM
https://thewest.com.au/news/wa/launch-of-se...n-ng-b88650282z
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--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Oct 19 2017, 08:51 PM
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Posts: 6,403
Thanks: 2229


In Reply To: blacksheep's post @ Oct 10 2017, 02:19 PM

SeaLink Travel Group confident a new Kangaroo Island ferry service will have little effect on earnings.
Belinda Willis, The Advertiser
October 18, 2017 12:30am
http://www.perthnow.com.au/business/sealin...5c9571a173955fa
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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 


blacksheep
post Posted: Oct 10 2017, 02:19 PM
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Posts: 6,403
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In Reply To: blacksheep's post @ Aug 17 2017, 10:47 PM

SLK might get some competition with a local family planning "faster/cheaper" rides to Kangaroo Island. SLK don't appear to be overly concerned.

QUOTE
SeaLink Travel Group managing director Jeff Ellison said his company “welcomes any new service provider to Kangaroo Island who will grow the visitor market and invest in promoting Kangaroo Island as much as we do”.

“We proudly invest $3 million per annum in promoting Kangaroo Island both locally and internationally to prospective visitors and have been a strong catalyst for tourism becoming the largest and fastest growing industry on the island,” he said.

“As the largest non-government employer on Kangaroo Island, employing 130 residents (325 South Australians), we see economic growth for the island as a priority.”

Transport and Infrastructure Minister Stephen Mulligan said the government was working with Kangaroo Island Connect as it sought approval to operate the new service.

“Any new ferry operation to Kangaroo Island is likely to bring increased competition ... which should benefit locals, tourists and all travelling to Kangaroo Island,” he said.

http://www.adelaidenow.com.au/news/south-a...6ceb8f7ba1c6f20

MTR's (Mantra) recent t/o offer by French group Accor was said to be as a result of Australians "tourism boom" - SLK is another stock that is poised to gain from any increase in tourism.

QUOTE
Visitors from China and other fast-growing Asian nations are driving tourism growth. The number of international visitors rose 9 per cent to 7.9m in the year to June, a third of Australia's population, according to government data.


Read more: http://www.afr.com/business/tourism/no-won...h#ixzz4v4jeEtg5
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--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Aug 17 2017, 10:47 PM
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Posts: 6,403
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Townsville gets new ferry terminal
DOMANII CAMERON, Townsville Bulletin
August 17, 2017 12:00am

SEALINK’S $56 million redevelopment proposal for a new ferry terminal has been given the green light with two next-generation ferries set to be on the water by 2020.
http://www.townsvillebulletin.com.au/news/...3943db602d4c7c0
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--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Aug 16 2017, 12:24 PM
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Posts: 6,403
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In Reply To: blacksheep's post @ Aug 1 2017, 11:45 AM

SLK will pay a FF final dividend of 8c per share on 16/10/2017.

SP down 3.38% @ $3.93/share

QUOTE
Result Overview
The Company recorded a Net Profit after Tax (NPAT) of $23.8m compared to a NPAT of $22.3m for the year ended
June 2016.

The year was highlighted by growth in our tourism related businesses, particularly South Australia and Queensland.
SeaLink’s achievements in its key business segments for the year were:

• Successful redeployment of five Capricornian class vessels following the planned Gladstone service
changes
• Improved margins on growing sales for CCC NSW lunch and dinner cruises
• Higher occupancy returns from the PS Murray Princess
• Preparation and planning to enable the launch in August 2017 and November 2017 of two new services
(Manly to Barangaroo, NSW and Fremantle to Rottnest Island, WA)
• Pleasing growth in patronage and profit margin for South Australia
• QuickTravel ticketing successfully rolled out in South-East Queensland and the Moggill ferry
• Increased ferry vehicle and patronage to Stradbroke Island
• Construction of three vessels
• Purchase of four new 53 Scania coaches for growing Kangaroo Island touring operations.

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extract from AFR
QUOTE
The "blue highway" option for governments increasingly trying to get commuters off congested roads, along with 9 per cent growth in international tourists to Australia will help buoy long-term profit growth, says the chief executive of SeaLink Travel Group.

But he wants to soon lock away a new contract of up to 20 years for the lucrative monopoly ferry route to Kangaroo Island off South Australia. Kangaroo Island is preparing for an extra influx of tourists when Qantas begins direct flights from Melbourne and Adelaide from December this year.

Read more: http://www.afr.com/business/transport/ship...1#ixzz4pshfFwhX



--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Aug 1 2017, 11:45 AM
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Posts: 6,403
Thanks: 2229


In Reply To: blacksheep's post @ Jul 28 2017, 11:55 AM

Adding another tourism destination to its operations - >

QUOTE
SeaLink Travel Group Limited (SLK: ASX) (SeaLink) today announced it is expanding operations
for Captain Cook Cruises in Western Australia by introducing services to Rottnest Island,
commencing in November 2017
. This announcement follows last week’s announcement that it is
commencing a new ferry service in Sydney Harbour from Manly to Barangaroo.

Jeff Ellison, Managing Director and CEO of SeaLink, said the Company sees the potential to grow
visitor numbers to Rottnest Island and increase Western Australia’s reputation for high quality
tourism experiences.

“When SeaLink acquired the Western Australian Captain Cook Cruises business in February
2016, we recognised the opportunity to introduce the Rottnest Island service was a logical and
exciting step, capitalising on our current visitor market in WA plus our extensive international
market reach.” Mr Ellison said.

Captain Cook Cruises will commence the Rottnest Island service with its 400-passenger high
speed water jet catamaran ferry MV Capricornian Sunset, which will be redeployed from
SeaLink’s Gladstone operations. The vessel will operate between Fremantle and the Main Jetty
on the Island, and will tie in with Captain Cook Cruises’ existing Swan River operations, ensuring
a seamless transfer from the Perth CBD to Rottnest Island.

Rottnest Island is an iconic tourism destination for not only Western Australians but all Australian
and International visitors. The market for Rottnest Island has been constrained by lack of capacity
during peak periods and this will be addressed by the opportunity to access the Island with
SeaLink.

“Nearly half a million people visit Rottnest Island each year via commercial ferries and we’re
confident we can grow visitor numbers and increase the reputation of the destination by our
excellent service and promotion of the Island destination through our extensive domestic and
international marketing. We are confident this will increase visitors not only to Rottnest Island but
also Western Australia generally and create new jobs for locals.

SeaLink is already exploring ways it can work with both the private and public sector to further
enhance the visitor experience on Rottnest Island.

Since SeaLink’s acquisition, all of Captain Cook Cruises’ existing cruise experiences have
undergone major enhancements to bring them in line with today’s consumer expectations. This
includes new food and beverage menus as well as a refurbishment of the vessels,” Mr Ellison
concluded.

Captain Cook Cruises operates leisure cruises out of Barrack Street Jetty on the Swan River to
several destinations, including the Swan Valley and the Port of Fremantle.

Scheduling and pricing for the Rottenest Island service will be released closer to the
commencement of operations.

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--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
 


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