Skydive glides through reporting season
On Thursday, Skydive the Beach Group Limited (ASX: SKB) announced its full-year results. The company announced earnings before interest, tax, depreciation and amortisation (EBITDA) growth of 123%. Shares in SKB closed up 3.5% for the week. We participated in the IPO in March 2015, purchasing shares at 25 cents. Shares closed today at 59 cents. The company has made a number of successful acquisitions since listing, and we expect it will be able to continue its double-digit growth rate through price increases, operational efficiencies and further acquisitions. We own SKB as a research-driven investment in WAM Capital and WAM Research.
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Wilson Asset Management has a track record of making a difference for shareholders and the community for more than 20 years. As the investment manager for eight leading LICs – WAM Capital (ASX: WAM), WAM Leaders (ASX: WLE), WAM Global (ASX: WGB),...