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  1. #3321
    Member Drew95's Avatar
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    Quote Originally Posted by Drew95 View Post
    Just a bit of anecdotal evidence. I just bought a campervan, and there were hundreds to choose from. I ended up buying a (non-ex-rental) with 40,000km on the dial for $76,000. The new equivalent is $155,000. I went to one rental company, who were trying to sell off very similar, but much lower spec'd vans, with 200,000km on the dial for $90,000. And they had 60 to choose from. That was one rental co. And down the road were several more. My impression after doing about a year of research was that the market was flooded, and prices would need to come down simply because of supply and demand.
    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/

  2. #3322
    Speedy Az winner69's Avatar
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    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
    Attached Images Attached Images
    Last edited by winner69; 10-06-2019 at 09:09 AM.
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

  3. #3323
    Guru
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    Capital raising with HB Holdings (CITIC) at $4.04/share

    https://www.nzx.com/announcements/336475

  4. #3324
    Speedy Az winner69's Avatar
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    Quote Originally Posted by Sideshow Bob View Post
    Capital raising with HB Holdings (CITIC) at $4.04/share

    https://www.nzx.com/announcements/336475
    And others at $3.40...1 for 9
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

  5. #3325
    Speedy Az winner69's Avatar
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    I see guidance has sort of been lowered — from $25m to $28m to $25m to $27m
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

  6. #3326
    percy
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    Interesting noting THL are raising NZ $80 mil and the fact ATL's [Apollo Tourism] market cap is Au $70.7 mil.

  7. #3327
    Senior Member
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    It will be a good fit consolidated the nz au market plus Apollo got position in euro markets

  8. #3328
    Go The Warriors "This Year!"
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    Quote Originally Posted by golden city View Post
    It will be a good fit consolidated the nz au market plus Apollo got position in euro markets
    Can't see it happening though.. Would they get past the regulators on both sides of the Tasman?
    Apollo carrying a lot of debt and have expanded probably too quickly..

  9. #3329
    Outside thinking.
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    The current capital raising moves may well be prudent, however I'm happy to watch this play out from the sidelines. GLH!

  10. #3330
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    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?

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