Winners and Losers: Multimillion-dollar deal boosts SA tourism biz
A $161 million sale of part of its business was a boon for one travel company’s shares, while a wine giant had a rare good week.
Kelsian shares pushed 15.86 per cent higher in trading last week after the tourism business announced it had reached an agreement to sell parts of its SeaLink tourism portfolio to fellow SA-based business Journey Beyond for $161 million.
It meant the company’s value rose by about $200 million, and closed out the week at $1.2 billion.
The deal would see Kelsian – one of SA’s top 100 companies – sell its Adelaide Sightseeing business, which operates bus tours to the Barossa, Hahndorf, Adelaide, Victor Harbor and on Kangaroo Island.
But the SeaLink ferry service to Kangaroo Island will be retained by Kelsian, which last week also reported a record half year result of $32.4 million.
Australian Vintage was another Winner for the week, but its shares remain 37.33 per cent down on a year-on-year basis.
It was a rare rise for the company which has been tracking down over the course of 2025. The company did not make any announcements during the week.
Broadly, markets had a volatile but positive February. Global markets reacted to stronger-than-expected earnings leading to new all-time highs across Europe, Asia and Australia.
Top 20 Australian companies pushed the local market higher, with the ASX20 rising 7.5 per cent over February.
SA’s top Loser for the week was Papyrus, which last week released its half-yearly report showing an $839,554 loss.
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The full list of Winners and Losers for the week ending February 27:
Data via Baker Young Limited analysts.
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