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Experience Co Ltd ( (AU:EXP) ) has shared an update.
Experience Co Limited has completed the sale of its Wild Bush Luxury portfolio to Intrepid Travel, divesting assets including Arkaba Homestead and Walk in South Australia, Bamurru Plains in the Northern Territory and The Maria Island Walk in Tasmania, along with rights to develop future experiences in New South Wales and Tasmania. The transaction, valued at $5.1 million on a cash and debt-free basis, is expected to deliver approximately $3.4 million in net proceeds after costs, which the company will use to reduce corporate debt as part of a broader strategy to strengthen its balance sheet, sharpen its focus on core growth opportunities and enhance shareholder returns.
The most recent analyst rating on (AU:EXP) stock is a Buy with a A$0.16 price target. To see the full list of analyst forecasts on Experience Co Ltd stock, see the AU:EXP Stock Forecast page.
More about Experience Co Ltd
Experience Co Limited is a leading ASX-listed adventure tourism company, offering experiential travel and outdoor adventure products. Its portfolio has included premium nature-based accommodations and guided walks across Australia, targeting high-end and adventure-focused travellers in key regions such as South Australia, the Northern Territory, Tasmania, New South Wales and beyond.
Average Trading Volume: 209,144
Technical Sentiment Signal: Sell
Current Market Cap: A$69.38M
For detailed information about EXP stock, go to TipRanks’ Stock Analysis page.