Fund managers including Blackwattle Investment Partners, Ausbil Investment Management, Yarra Capital Management, Firetrail Investments, Wilson Asset Management, Prime Value Asset Management, Investors Mutual Limited, Medallion Financial and Fundamental Investment Management have invested in Kelsian Group Ltd (ASX:KLS).

Managers highlight a simplified business focused on long-term government transport contracts, strong management of fuel costs, upgraded earnings guidance and proceeds from divesting the Marine and Tourism business, according to Fundamental, Yarra and Wilson Asset Management.

Medallion's hold rating suggests limited upside after the restructuring, and fuel costs remain a key input risk, although Fundamental notes Kelsian has managed them well.

Kelsian Group Ltd, founded in 1989 and based in Adelaide, Australia, is a global provider of multi-modal transportation and tourism services. The company operates through four segments: Marine and Tourism, Australian Bus, International Bus, and Corporate. The Marine and Tourism division offers ferry services, coach tours, cruises, and accommodation. The Australian Bus segment operates public transport in major cities, while the International Bus segment covers London and Singapore. The Corporate segment provides essential administrative, financial, and operational support. Kelsian maintains a diverse portfolio focused on integrated transport and tourism solutions.