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Thread: Skyline

  1. #91
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    Some good posts Beagle. Looked into Real Journeys and they look like a really attractive company, shame they’re not public, I’d be really interested in their shares.

    J see they’re making the very smart move of building staffing accomodation to attract better quality long term workers. More business especially Queenstown ones would benefit from that kind of longer term thinking.

  2. #92
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    Quote Originally Posted by Mr Slothbear View Post
    Some good posts Beagle. Looked into Real Journeys and they look like a really attractive company, shame they’re not public, I’d be really interested in their shares.

    J see they’re making the very smart move of building staffing accomodation to attract better quality long term workers. More business especially Queenstown ones would benefit from that kind of longer term thinking.
    Real Journeys also have Cardrona, and not longed picked up Treble Cone pretty cheap. They have plenty of investment to be made in both, TC to get back up to speed of where it should be, and Cardrona with Soho lease to almost triple the size of their field. Cardies at their peak have over 5,000 people on field....weather and snow dependent, but get those right and it must crank.....

    Spreads their risk over various tourism operations, and also have the Go Orange brand - targeting a different market.

    Albeit all in tourism....interesting times currently. Would be good to have the opportunity for a slice. Great lunch at Walter Peak last time I went there.....Earnslaw was considerably lower in the water on the way back.

    Having said that, Skyline have some amazing assets - but pretty capital hungry projects....hmmmm…...

  3. #93
    ShareTrader Legend Beagle's Avatar
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    Companies office search shows the Wafare Group own 100% of the shares of Real Journeys Limited, formerly known as Fiordland Travel.
    The fortunate shareholders of the Wafare Group are as follows https://app.companiesoffice.govt.nz/.../shareholdings
    Some good old Southland families there and many enjoy some of their fine southern hospitality at the likes of Walter Peak Farm.
    https://www.youtube.com/watch?v=Qd5lpOqQ3Xo
    Last edited by Beagle; 25-02-2020 at 03:41 PM.
    No butts, hold no mutts, (unless they're the furry variety).

  4. #94
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    Maybe those Skyline shareholders are not so fortunate. Touching fresh multi year lows today, down 27% in the last year. Market not silly is it and thinks $250m for the refurbished Queenstown facility is too much. I predict it will head substantially lower.
    No butts, hold no mutts, (unless they're the furry variety).

  5. #95
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    Have to feel sorry for them. Being hit hard with things totally out of their control https://www.stuff.co.nz/business/120...mbers-are-down

  6. #96
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    Quote Originally Posted by iceman View Post
    Have to feel sorry for them. Being hit hard with things totally out of their control https://www.stuff.co.nz/business/120...mbers-are-down
    Yes double or triple wammy , cost over runs, tourist drop off and constant increasing over heads, not a good mix !!

  7. #97
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    Quote Originally Posted by whatsup View Post
    Yes double or triple wammy , cost over runs, tourist drop off and constant increasing over heads, not a good mix !!
    Last trade $18 with no buyers left.
    Down from $23.50 as recently as late January 2020 !
    $250m capex for Queenstown...looks like it will REALLY stretch their balance sheet. I think they should simply put those approved plans "On Ice"
    Interesting times coming for tourism operations, especially those with lots of debt.
    No butts, hold no mutts, (unless they're the furry variety).

  8. #98
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    Minimum holding is 4000 shares, that is a pretty limited buying market.

  9. #99
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    + + + WOW Skyline down 44% today @ $10-00 albeit on very small volume ( 687 shares ) !!

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    May be a beneficiary of having a shovel ready "infrastructure" product. The gondola is definitely a NZ icon that employs lots of people. There will be plenty of builders in Queenstown twiddling their thumbs. There are plenty of other projects that would not be as good for the economy as this one.

  11. #101
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    They might as well put their ultra expensive ~ $250m Queenstown development on ice. Its going to be many years before tourism is back to anything like what it was in my opinion. If they stretch themselves too much with massive debt at present they run the very real risk of going broke. This is not a time for bravery in the tourism industry, its a time to batten down the hatches and concentrating on surviving the greatest worldwide recession since the great depression of 1929-late 1930's.

    If the directors don't understand this and proceed, good luck to them and the company, they're going to need it. Disc: No stake and no interest in buying one.
    Last edited by Beagle; 16-04-2020 at 09:11 PM.
    No butts, hold no mutts, (unless they're the furry variety).

  12. #102
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    A flood of Auzies on ski packages this year?

  13. #103
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    I think that if they pull the right strings they would get a very sweet debt package. Domestic tourism is about 57% of the market, add in Aussie and a few places like South Korea and we could be back to 2015 numbers. Skyline made a profit every year I could research, they sailed through the GFC (I do not expect them to make a profit this year). Disclosure, just bought some.

  14. #104
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    I think you've underestimated how many Kiwi's will return this year, (I won't be for one). $250m is truckload of debt given the size of their balance sheet. Amazing how that project blew out from initial estimate of $60m just a few years ago ! I can't help wondering what it really costs to complete when its finally built ?

    Hope you're not counting on any profit in FY21 either...and good luck, I think you'll need it !
    Last edited by Beagle; 17-04-2020 at 05:41 PM.
    No butts, hold no mutts, (unless they're the furry variety).

  15. #105
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    I don't need luck as I don't own any

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