Experience Co Limited On A Trading Halt Due To Pending Announcement Of Earnings Guidance For FY19

Experience Co Limited On A Trading Halt Due To Pending Announcement Of Earnings Guidance For FY19

Experience Co Limited (ASX: EXP) is into the consumer discretionary sector and operates in the skydiving activities. It was formerly known as Skydive the Beach Group Limited and is considered as an adventure tourism and leisure company. The company is based out of Montague Street, Wollongong, Australia and operates in New Zealand.

On 11 Feb 2019, the company announced that its shares will be placed to trading halt pending an announcement release to the market. The securities will be in a trading halt subject to the earlier of the commencement of the normal trading on Wednesday 13, 2019 or when the announcement is released to the market. This is said to be owing to pending an update to earnings guidance for FY19.

The Group delivered results in line with guidance issued on 30 April 2018 of total revenue of $135,000,000 representing a 51% increase on FY2017, and EBITDAI of $27,411,000 representing a 31% increase on FY17.

The outlook and strategy of the company going forward in FY19 includes consolidation of the businesses acquired during the year with a focus on synergies, efficiencies and enhanced operating processes and systems gained from the acquisitions, to grow the customer base as a result of additional and enhanced experiences options and locations, capitalise on the well respected and recognised brands, acquire complementary businesses offering increased experience options to customers aimed at growth and development as feasible, to take advantage of the growth in domestic and international tourism including initiatives to capture the growing Asian market, increasing the  capability to capture growth in trends towards online bookings and ongoing focus on human capital to achieve the next growth stage of the business.

On the financial front, the company has reported sales of ~$135.30 million in FY18 as compared to ~$89.56 million in FY17. The net profit for the company stood at $6.78 million in FY18 as compared to $9.48 million in FY17. The total assets of the company were reported to $232.43 million in FY18 as compared to $139.58 million in FY17. On the cash flow front, the company reported the cash inflow from operating activities at $14.84 million in FY18 compared to $12.64 million in FY17. However, the cash outflow from investing activities in FY18 stood at $95.58 million vs an outflow of $50.70 million in FY17. The cash flow from financing activities of the company represented an inflow of $78.41 million in FY18 compared to $34.73 million in FY17.

Now let us quickly have a look at the Experience Co Limited’s stock performance and the return it has posted over the last few months. The stock last traded at a price of $0.265 with a market capitalization of $147.29 million. The stock has yielded a negative YTD return of 11.67% and posted negative returns of 48.04% and 8.62% over the last six months and three months period respectively. It has a 52-week high price of $0.790, with an average volume of ~ 1,023,028. The stock is trading at a PE multiple of 19.78x with an EPS of AUD 0.013. It has an annual dividend yield of 3.77%.


Disclaimer

This website is a service of Kalkine Media Pty. Ltd. A.C.N. 629 651 672. The website has been prepared for informational purposes only and is not intended to be used as a complete source of information on any particular company. Kalkine Media does not in any way endorse or recommend individuals, products or services that may be discussed on this site. Our publications are NOT a solicitation or recommendation to buy, sell or hold. We are neither licensed nor qualified to provide investment advice.

Top 25 Dividend Stocks report for April

People prefer a dividend stock in their portfolio as it possesses the feature of compounding. Compounding means that the earning which is generated through these dividend stock will get reinvested and will eventually create earnings from earning. More precisely, the dividend generated from these dividend stock will get reinvested to buy another set of a share of the dividend stock which results in giving a higher dividend.

Click here to download your top 25 dividend stocks report!

6 Cannabis Stocks under Investor’s Limelight…

Cannabis companies that sell both medicinal weed and recreational pot. Marijuana stocks to look at. Marijuana mergers and acquisitions. Dispensary data analytics. Upcoming marijuana IPO’s Those phrases have become increasingly common as marijuana legalization spreads.

Global spending on legal cannabis is expected to grow 230% to $32 billion in 2020 as compared to $9.5 in 2017, according to Arcview Market Research and BDS Analytics. As of June 29, 2018 the United States Marijuana Index, despite a lot of uncertainty around regulations, has over the past 1 year gained 71.49%, as compared to about 12% gain seen by the S&P 500.

Click here for your FREE Report