My company in LA will do very well out of the tax reforms..although already had the local bagman for the GOP call for another corporate donation..wonder if that happens to THL as well ?
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Yes I quickly bought the ones I sold back again :mellow:
(Stupid impulsive bear!) Note to self work on impulsive control :D
Merry Christmas Video from THL
https://youtu.be/5B5SftTuWpc
Watch it and Like it :t_up:
Will the sp reach $6 by the half year result announcement ?
Just having a quick look at the benefit they talked about the other day from the tax changes in the U.S.
Leaving aside as a separate matter the cash flow benefits of immediate deductibility of plant and equipment and one presumes this includes RV's and just looking at the recurring benefit of ~ $3m extra profit per annum they talked about as a preliminary figure. On 121m shares this gives a recurring benefit of 2.479 cps. Put a PE of say 18 on that and this gives a theoretical SP boost of 18 x 2.479 = 44.6 cps. Hmmm...market still not priced this in fully ? I think this was ~ $5.50 before the announcement so perhaps $6 isn't far away at all and not unrealistic considering the tax change.