http://business.scoop.co.nz/2016/06/...tinues-in-may/
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I think your Yahoo finance data is wrong.
There are 2 reports out for THL that provide valuations (Craigs and Edison). Forbarr also does research, but does not provide a target price.
The Craigs target is 3.30 and was released on 17/6/16
There is a good interview with the Craigs analyst here. He describes the risks.
https://soundcloud.com/nbr-radio/tou...s-analysts-eye
The Edison research is here (target $3.44):
http://www.edisoninvestmentresearch....CT=18&ID=16249
Quite disappointed, think today is going to set THL back as the UK market are the prime customers of THL.
Short term could sink to 2.50, will be a very interesting 12 months... Holding for the long haul
This time next year The British Lions will be touring NZ.
England have just won the series against the Wallybees,Wales showed some promise against The All Blacks.
I would expect Lions supporters will be thinking by adding some Irish and Scottish players to the mix, The Lions may topple The All Blacks.A once in a life time event no Lions fan will want to miss.
I therefore think THL and other camper van rental companies will be pushed to meet the demand.This will come after an already extended tourism season.
Sure ... but just remember that travelling just got much more expensive for anybody who earns and holds pounds ... and nobody can spend more than they own and can borrow - and borrowing gets more difficult in uncertain times like this. Obviously - we both don't know how the Brexit game plays out (though I am not very optimistic for the Brits), but I can't really imagine that the pound will regain its earlier glory - and this will inevitably reduce British overseas tourism. On a side note - the British shot not just into their own feet - I would predict we have next year as well less European tourists coming to our (and other) shores ...
For possibly a once in a lifetime event The Lions supporters will find the money.
I know amongst my friends, they plan a world trip when they retire.Some have already retired and done their travel,while others are yet to retire.Never once have any of them put off or delayed their trip because of the value of the NZ $.
Most of The Lions supporters are well heeled ex public school,who will be here,using THL camper vans.
I expect the demand to be so great some will have to bring their own!!..lol.