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.
Established in 1997 by Geoff Wilson, we are an independently owned investment manager based in Sydney. Today, Wilson Asset Management is comprised of ten investment professionals who offer a combined investment experience of almost 100 years.