Jeez - on the buyers side only one bid: 25k @ $3.85. Wondering whether it will be filled?
Anyway - commiserations to holders, but it always was a cyclical business. Interesting to watch the downturn from the sidelines.
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Jeez - on the buyers side only one bid: 25k @ $3.85. Wondering whether it will be filled?
Anyway - commiserations to holders, but it always was a cyclical business. Interesting to watch the downturn from the sidelines.
What's all the fuss about. Look on the bright side. SP already up 26c from 3.85 low. Who was lucky enough to get in at 3.85?;). I see an uptrend forming in the last 25 minutes:t_up:.
Nice bounce if anyone caught it...
Posted 26 February 2019. Some people saw this coming. As to what I think after this announcement...well $25 million gives just 20 cps.
At $4.00 that's a forward PE of 20 which is much too optimistic. $3.00 gives a forward PE of 15.
As Winner has quite rightly observed on many occasions this company has been borrowing more and more money to pay its over inflated dividends.
Now we see the net result of that and some softening demand. The Emperor does have some clothes but they are increasingly looking tarnished and tatty.
Are we about to see the dream end and this return to a cyclical tourism company and trade on multiples like AIR at about 10 ?. Surely not. My goodness, if the dream is over that would see it decline to just 10 times 20 cents = $2 ! Very tough day for shareholders so I will be a little kind and offer up some music to suggest the dream may not be over
https://www.youtube.com/watch?v=XjBwAYIxUso
WTH Crowded House! Now that just adds more salt to the wounds. Not helpful lol.
pretty sure THL was one of Craigs recommendations a few quarters ago.....
(edit) yup I've just checked the April 2018 quarterly and they had it as an overweight buy as a supplementary stock