Prior close: $5.94
From Boats to Buses
SeaLink (ASX:SLK) traces its history back to a single ferry service between Cape Jervis (two hours south of Adelaide) and Kangaroo Island. Over time, the company steadily acquired a range of other ferry services across Australia, with exposure to both tourist and commuter markets.
In October last year the company announced what now looks like a very well-timed acquisition of the privately owned Transit Systems Group (TSG), an operator of bus services predominantly in Australia, but also with contracts in London and Singapore.