Yep, under $4 is where is I see in the short term.
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Did say ‘A decisive operational and capital review of the USA operations is underway immediately.’
In other words PANIC STATIONS (we didn’t see this coming which is a bugger)
And a capital review ....that sounds ominious — maybe big write downs and the need for a capital raise?
Looks like thl heading back to the good old days of beings regular under performer and always disappointing the market.
was so gutted when SP soared after I sold out. Now I feel much better :eek2:
Doubt whether they’ll be able to borrow to pay a final dividend this time around if they can’t turn all those RVs into cash quickly
thl don’t generate that much cash even in good years.
Nothing surprising about this downgrade - totally expected.
There will be another one, that's for sure - but in the next financial year as clearly, THL management and directors have showed that trhey do not have a good enough handle on what's happening in the US.
Nov F19 forecast was $32m to $34m - call it $33m vs $37.5m in F18, a 12%+ downgrade.
Now it's $25m - $28m, so call it $26.5m = 20% downgrade.
PER of 16 times?
Calling the sp down to $3.50.
Man, it's hard to get out when everyone is heading for the exit at the same time. Oh well, glad I took the divi and not the DRP. :scared:
what happens when you invest in a cyclical business , bit like air
Jeez 24.4% drop on open. Not often we get that sort of reaction
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:.