THL - Tourism Holdings

[Beagle]

2000 shares just traded at 410c. Seems a bit odd with several buyers higher than that, or did those bids come in later !?

Looks like the NZX reversed that trade as $4.10 doesn't show as the low for the day any more. More disturbingly though what I see here is a breakdown in the belief factor. The company recently held its annual meeting and had a fulsome chance to clearly articulate its strategy going forward and the buying support simply isn't there. A clear downtrend so I am not interested until that's clearly finished. It has had a great run while it was predominantly a N.Z. tourism stock...this company is a very different kettle of fish than what it was a few years ago and I suspect not everyone is in agreement with where the directors want to take it going forward. Sale of N.Z. tourism business's ???? I really scratch my head to understand why they would want to abandon core business's that have performed so well over the years to throw money into tech apps with highly questionable return on investment going forward ? Has Rob Campbell bitten off more than he can chew at his age ?

[iceman]

Yes you are right Beagle. The market clearly is not liking the lack of direction or clarity. Fair enough. At this stage I'm happy to stay in with my remaining 40% of what I held at start of year.

[Arbroath]

Mine are free-carried including the ones I bought recently around $5.10 after the multi-year trend higher but still don't like the price action lately....the market in general is getting quick panicky. Could be approaching the time to sell low-beta property stocks and buy some of the beaten up stocks but then again the property stocks pay such reliable high dividends.

Yes you are right Beagle. The market clearly is not liking the lack of direction or clarity. Fair enough. At this stage I'm happy to stay in with my remaining 40% of what I held at start of year.

[Leftfield]

No THL in my portfolio after today.....took my gains and stuck to my adage not to hold shares in a 'downtrend'. Shame as I enjoyed THL.... GLH.

[RupertBear]

No THL in my portfolio after today.....took my gains and stuck to my adage not to hold shares in a 'downtrend'. Shame as I enjoyed THL.... GLH.

I also bailed a few days ago at $5.00, shame as I liked THL as well.

[BlackPeter]

Mine are free-carried including the ones I bought recently around $5.10 after the multi-year trend higher but still don't like the price action lately....the market in general is getting quick panicky. Could be approaching the time to sell low-beta property stocks and buy some of the beaten up stocks but then again the property stocks pay such reliable high dividends.

and actually - the property stocks are in an uptrend (as compared to nearly everything else) E.g. ARG as well as CDI (both in my protfolio) gained yesterday Never sell a winning stock!

[winner69]

Winner that promised takeover must be coming soon ��

I beginning to think that the market is telling us that any worthwhile acquisition (one that’ll make a real difference) will require a decent capital raising

[Beagle]

and actually - the property stocks are in an uptrend (as compared to nearly everything else) E.g. ARG as well as CDI (both in my protfolio) gained yesterday Never sell a winning stock!

Yes I have been adding to my already significant holding in ARG. Safe value stock at a meaningful discount to NTA and very safe yield. Very good place to hide in this highly volatile market. On the other hand THL has effectively been paying dividends with rising debt level's, (with thanks to Winner69 for pointing this out).

[iceman]

I beginning to think that the market is telling us that any worthwhile acquisition (one that’ll make a real difference) will require a decent capital raising

I meant the takeover from the Chinese that Golden City suggested some time back would happen if it dropped too far :-) By the way, GC seems to have disappeared of late.

[golden city]

I am back guys. I have 100% confidence in thl management. Still committing Just patiently taking the dividends. Stock can be up and down. But over all it is a good stock to own. I am sure the citic group will be keeping an eye on the stock price Citic group doesn’t like owning a piece of the company. Normally they will takeover any company they invested