KANGAROO ISLAND BUSHFIRE IMPACT
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.
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 )
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 )