Love this bit “...we consider that the business is performing well on a comparative basis.” (To other market players in the US)
So the whole market is stuffed ....so thl not too bad after all.
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Love this bit “...we consider that the business is performing well on a comparative basis.” (To other market players in the US)
So the whole market is stuffed ....so thl not too bad after all.
The whole foray into the US market is looking like a slow motion train wreck. Never mind, just keep borrowing even more to pay out dividends and throw it into more tech apps well. That's got to appeal to both tech heads and dividends hounds so must support the share price regardless of results, right ? Heck, why not go all out and float it on the NASDAQ.
Too much on Rob Campbell's plate, by miles, even for a workaholic. He's too old to maintain the pace he once did. He needs to have a nice long chat with that charming Dr Marie Bismark on the SUM board, (she's a bit snooty and doesn't hang around to talk to the shareholders after meetings though), and she needs to talk some common sense into him about a more balanced and appropriate lifestyle for his age. I agree, time for him to step aside and for some fresh idea's. Can't help wondering if his halo doesn't work in America...out of his depth over there ?
Rob will hate turning up to an AGM going over a ****ty years performance and saying the current year is even ****tier.
Isn't this (FY2020) the year where they promised still in 2017 to achieve a $50m NPAT?
Must have been one of these aspirational goals anyway ... but probably useful to lure more money out of shareholders pockets.
Maybe just the time for some alternative facts ...
Last years ASM Rob told about how he had read about a Boston Consulting study that mentioned this ‘vitality’ thing and quoted F Scott Fitzgerald “vitality shows not only in the ability to persist but the ability to start over” and concluded that captures what thl are trying to do
Wonder what he’s been reading lately.
Have thl ever come up with a revised $50m profit in FY20 target ...mentioned they would
Looks like FY20 going to be less than $25m .....hmm
That's quite a miss isn't it ! Hope somebody at the annual meeting takes him to task over this and asks what are they going to do about it.
No profit guidance... Hmmm, that's a first for many years.
And I dodged a bullet....sold mid Sept for a modest profit. They had worried me for a while.
Their dabbling in computer stuff really concerned me.
Thanks to posters raising / discussing the various red flags along the way.
As I’ve said before...it’s a pity...if we must fill our country with tourists...it would be nice to make a big profit.
Having said that....I realise this latest hiccup is USA.
Well I'm glad I sold the last of my THL holdings in June realising a good profit. Percy at the time you asked what I was reinvesting in but didn't say as I was still accumulating. That money largely went in to topping up MMH which has done well since the switches out of THL!
Anyone else at a fat loss? Was gonna sell off for a small loss last friday... :( now huge loss
$25m on 147m shares is just 17 cps earnings. This has normally topped out at a PE of 18 when its been growing strongly = just $3.06.
But what's a fair PE in a much lower growth environment for a cyclical tourism company now global growth is much lower ?
Hmmmmm….. Looks like a lot of risk to the downside to me...