KANGAROO ISLAND BUSHFIRE IMPACT

  1. 70.4k
    Posts

    SeaLink Travel Group Limited (ASX:SLK) (“SeaLink”) advises that significant damage has been sustained to the
    SeaLink owned Vivonne Bay Lodge at Vivonne Bay on Kangaroo Island as a result of recent bush fire activity.
    The full extent of the damage is not yet known and a further assessment of damage will be undertaken in the coming
    days as access is more readily available. All guests and personnel were evacuated from the Vivonne Bay property
    on Thursday 9 January 2020 in line with emergency service warnings and well ahead of the recent bushfire activity.
    SeaLink further advises it carries appropriate insurance for the Vivonne Bay property, has access to alternative sites
    from which its operations and tours on Kangaroo Island may be operated, and currently considers the damage to
    Vivonne Bay Lodge will not have a material adverse impact on SeaLink Group earnings.
    SeaLink is continuing to work with emergency services and SeaLink’s personnel are working tirelessly to assist and
    support emergency services, authorities, residents and staff impacted by the bushfires. SeaLink is working actively
    with governments to rebuild the Island infrastructure and the tourism industry including re-establishing operations
    from Vivonne Bay Lodge as soon as practical.
    Jeff Ellison
    Managing Director and CEO, SeaLink Travel Group

    courtesy of Bell Direct

    ====================================================================================

    ( DYOR )

    i do not hold this share

    another company where i can't get the figures to work for me ( but had some interesting assets )

  2. 14.2k
    Posts

    Interesting company, just not what I like

    1 like
  3. 70.4k
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    capital intensive ( being mostly a transport company ) but also almost an essential service

    the big risk is desperate politicians might start bashing this ( like they have with ORG and AGL ) and force it to shave margins

    hard to find sensible places to park cash currently , will continue to WATCH this ( but probably won't buy into it )

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