Money in Meatbombing
Thread Starter
Money in Meatbombing
ASX listed company SkyDiveTheBeachGroup(SKB), posted their annual results for the financial year.
Revenue for the year $58.5 Million,
NPAT $7.8 Million,
Even a dividend of 1 cent per share.
Nice to see a good news story in GA.
Revenue for the year $58.5 Million,
NPAT $7.8 Million,
Even a dividend of 1 cent per share.
Nice to see a good news story in GA.
Join Date: Apr 1998
Location: Mesopotamos
Posts: 5
Likes: 0
Received 0 Likes
on
0 Posts
Riding my bicycle around the bay I often come across SKB.
I once asked them how much for a jump - $800
The jump instructors are quite busy but if you do get the chance to talk to them they are quite interesting characters with a very long history working in that space - which is quite visible with the skills they employ.
But I've got a feeling these skilled jumpers are not being rewarded as they should for SKB's stellar success, which is supported by a recent rumour that the owner wants to expand into the transport/courier business.
Time will tell.
I once asked them how much for a jump - $800
The jump instructors are quite busy but if you do get the chance to talk to them they are quite interesting characters with a very long history working in that space - which is quite visible with the skills they employ.
But I've got a feeling these skilled jumpers are not being rewarded as they should for SKB's stellar success, which is supported by a recent rumour that the owner wants to expand into the transport/courier business.
Time will tell.
This is an unbelieveable business. The business is valued at $242,000,000. For a comparison Alliance is valued at $101,000,00 and REX is valued at $84,000,000. The guy that started SKB 17 years ago at Wollongong is worth well over $100,000,000.
Join Date: Apr 1998
Location: Mesopotamos
Posts: 5
Likes: 0
Received 0 Likes
on
0 Posts
Irrefutable observations taken from my bicycle...
8 tandem jumps every 40 minutes every Saturday and Sunday for 4 months in summer:
8 x 20 x 2 x 16 x $800 = $242,000,000 give or take $238m.
8 tandem jumps every 40 minutes every Saturday and Sunday for 4 months in summer:
8 x 20 x 2 x 16 x $800 = $242,000,000 give or take $238m.
Those Caravans and Cresco's don't run on the smell of an oily rag either :-)
Cattletruck you're right in part about the jumpers not being rewarded what they're worth but some do make good money. I've heard $1k+ a day in summer on a good day. Packers also making good money for hard work. Driver money load based but decent in summer, a little lean in winter.
Join Date: Mar 2009
Location: YBBN
Posts: 48
Likes: 0
Received 0 Likes
on
0 Posts
[EDIT: must have had a big trade - now 239.82m]
Join Date: Jun 2008
Location: Australia
Posts: 195
Likes: 0
Received 0 Likes
on
0 Posts
What do the pilots get out of it?. Are they paid pursuant to an award or does the operator say that it is a private operation and therefore not covered under an aviation industrial agreement?
Join Date: Nov 2015
Location: Dog House
Age: 49
Posts: 779
Likes: 0
Received 0 Likes
on
0 Posts
"ASX listed company SkyDiveTheBeachGroup(SKB)"
"does the operator say that it is a private operation"
I would guess covered under an aviation industrial agreement.
"does the operator say that it is a private operation"
I would guess covered under an aviation industrial agreement.
Join Date: Nov 2015
Location: Dog House
Age: 49
Posts: 779
Likes: 0
Received 0 Likes
on
0 Posts
This was posted in 2010 so a bit more now I expect and would need 9.5% super on top. Hardly what will break your bank as the operator.
C208 Grand MTOW=3969 kg
thus
Single engine 1360 kg & above
$ 34,640
turbine allowance
7.97x637.94 = 5084
Mecir Allowance
7.32x637.84= 4669
thus Annual Salary of $ 44393
Add another $ 1167 for RPT ops
C208 Grand MTOW=3969 kg
thus
Single engine 1360 kg & above
$ 34,640
turbine allowance
7.97x637.94 = 5084
Mecir Allowance
7.32x637.84= 4669
thus Annual Salary of $ 44393
Add another $ 1167 for RPT ops
Join Date: Nov 2015
Location: Dog House
Age: 49
Posts: 779
Likes: 0
Received 0 Likes
on
0 Posts
History shows you can not employ casuals for long periods nor pay less than the award or it all needs to be paid back.
As a ASX listed this should "should" be independently audited - 50k for a full time pilot at 100 hrs a month not bad and easy to roster on meat bomb ops.
As a ASX listed this should "should" be independently audited - 50k for a full time pilot at 100 hrs a month not bad and easy to roster on meat bomb ops.
Join Date: Feb 2015
Location: Santa Barbara
Posts: 912
Likes: 0
Received 0 Likes
on
0 Posts
What do the pilots get out of it?. Are they paid pursuant to an award or does the operator say that it is a private operation and therefore not covered under an aviation industrial agreement?
Thread Starter
Mentioned in last years report to shareholders, about getting extra utilisation out of the aircraft. Are they looking at using the Caravans on night freight?
This is a risky game, it only takes a crash and or fatality and things will change very quickly. For the same reason I steer clear of investing in airline stocks.
Sure you could argue the same about any other company though...
Join Date: Nov 2015
Location: Dog House
Age: 49
Posts: 779
Likes: 0
Received 0 Likes
on
0 Posts
Very true Porter.
"Pilots selectively choose when they are going to chase the award, if the operator has something the pilot wants (turbine, ME) the pilot will work for free. If the pilot is doing something they'd rather not (SE VFR) they then become award kings."
But a ASX listed company has much more to lose than - saving a few bucks on the award. A week long pilot strike "rumour" would crash the stock market price, that would wipe 10's of millions $'s off the company value in a days trade alone.
"Pilots selectively choose when they are going to chase the award, if the operator has something the pilot wants (turbine, ME) the pilot will work for free. If the pilot is doing something they'd rather not (SE VFR) they then become award kings."
But a ASX listed company has much more to lose than - saving a few bucks on the award. A week long pilot strike "rumour" would crash the stock market price, that would wipe 10's of millions $'s off the company value in a days trade alone.