That Apollo in Aust share price still going down .....
......market cap now $70m
Would thl want to add to their own woes by making a play.
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That Apollo in Aust share price still going down .....
......market cap now $70m
Would thl want to add to their own woes by making a play.
thl must have been expecting great things for Road Bear buying all these vehicles -
• Approximately 80 new vehicle purchases initially intended for Road Bear in FY2019 will remain in our storage facility in Middlebury. This will reduce costs associated with holding this fleet because:
.... • The vehicles will not be registered until FY2020.
.... • Depreciation on these vehicles will be at a lower rate
Apollo from memory are the second biggest operator here so Com Com could have a problem with any possible takeover.
Current year PE now just 3.9 and in this announcement they say Global market conditions have deteriorated in May https://www.asx.com.au/asxpdf/201905...f15mqljrmj.pdf
Makes THL's PE look more than a little "interesting"
"Interesting" times for THL when they park up that much stock. As Balance famously said, downgrades usually comes in 3's...
THL trading on a current year PE of 19 assuming they can make their $25m profit...a higher PE than when they were growing strongly and everything in the sector smelt like Roses...Hmmmm
I have both THL and ATL on watch lists.
However, I think it will be some time away before I consider buying either.Improvement in the sale of used camper vans looks a long way off for both companies.
Debt could also be a worry with ATL.
I agree 100%. The TA on both these says stay away. I'd want to see some TA encouragement before dipping my paws into either but I think ATL presents as an interesting opportunity and I note they manufacture RV's and operate in many countries so I would think some renationalization within their operations is pending.
As confirmation of my own, and others, suspicions....from Appollo's (downwards) earnings guidance dated 29 May 2019. https://wcsecure.weblink.com.au/pdf/ATL/02109851.pdf
"As sales volumes in May 2019 trended below our earlier expectations, the Group decided to accelerate ex-rental sales at a higher discount in the USA, which will have the benefit of reducing funds employed and holding costs." (bold, italics are mine).
Price dropped from 65c to 39c. 3 Directors buy 1 million + shares around 40c.
https://apollotourism.com/shareholde...announcements/
Interestingly tourism per se in NZ isn’t a ‘growth’ industry ......grows about at the rate of GDP
Maybe that’s why thl thought about global domination but that’s not working out too well either is it.
Chart from SRA
Capital raising with HB Holdings (CITIC) at $4.04/share
https://www.nzx.com/announcements/336475
I see guidance has sort of been lowered — from $25m to $28m to $25m to $27m
Interesting noting THL are raising NZ $80 mil and the fact ATL's [Apollo Tourism] market cap is Au $70.7 mil.
It will be a good fit consolidated the nz au market plus Apollo got position in euro markets
The current capital raising moves may well be prudent, however I'm happy to watch this play out from the sidelines. GLH!
What is the cash for? I had a quick look through the 2019 interim results, they didnt mention cash position ($90M sitting in CA) - didnt have time to ferrit through all the pages. They should include this as a minimum.
Is the new tech subsidiary draining money?