Oh and one more thingThe segment info in the prospectus shows...

Oh and one more thing

The segment info in the prospectus shows that in FY13, the Kangaroo Island ferry had an EBIT margin of 13%. Head office expenses are included with the Kangaroo Island ferry so this under-estimates the EBIT margin somewhat. However Makris also faces head office costs - though his office may not be as big as Sealink

I suppose what I was thinking is that if the EBIT margin was 20% plus then it is more attractive to set up a rival service.

In summary, though Sealink makes good profits they don't make outrageous profits that deserve to be taken away by a bit of competition. But then again, maybe I am wrong....