http://www.nzherald.co.nz/business/n...ectid=11638705
This can only mean good things for THL in the long term.
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http://www.nzherald.co.nz/business/n...ectid=11638705
This can only mean good things for THL in the long term.
SP hovering around what I think is fair value at present, wouldn't mind picking up a few of these if they drop in price a bit
"ongoing strength in tourism"
Only mention of tourism in this afternoon's budget, not a bad honourable mention.
Edit: That's wrong, will update with anymore interesting mentions of tourism.
Edit2:
"Tourism - additional funding for tourism infrastructure. This includes $25 million to upgrade the New Zealand Cycle Trail, and $12 million to help communities build smaller-scale infrastructure projects, like restrooms and carparks."
2 Million dollar increase in spending on "Marketing of New Zealand as a Visitor Destination"
"How Performance will be Assessed and End of Year Reporting Requirements:
An increase in the volume of visitors to New Zealand, contributing to an increase in the tourism sector’s contribution to New Zealand’s GDP:"
So pretty much gov spending multiple different ways to ensure that there's an increase in volume of visitors, in other words gov doing THL's marketing for them, free of cost :)
I like THLs prospects but there are a lot of sellers hovering around the $3 mark, 85k buyers to 240k sellers
Interesting to see so many disclosures, top dogs selling?