Kelsian Group Limited ( (AU:KLS) ) has shared an update.
Kelsian Group Limited has announced its intention to divest a portfolio of Australian tourism assets, including several SeaLink operations and resorts, to streamline its business and focus on its core transport services. This strategic move aims to reduce debt and enhance shareholder value, with the potential divestment proceeds being reinvested into growth opportunities within Kelsian’s marine, bus, and motorcoach transport businesses, aligning with their capital management strategy.
More about Kelsian Group Limited
Kelsian Group Limited is a company operating in the transport industry, primarily focusing on marine, bus, and motorcoach transport services. The company is known for delivering essential journeys and holds a significant market presence through its various transport businesses.
YTD Price Performance: -24.72%
Average Trading Volume: 862,778
Technical Sentiment Signal: Buy
Current Market Cap: A$726.7M
Find detailed analytics on KLS stock on TipRanks’ Stock Analysis page.