The $50m Profit target well and truly gone out the window ...even though they say underlying business should achieve this in 2021
The never announced profit target ‘well in excess of the $50m’ obviously just a tease
Big global acquisitions put on the back burner for now as things are just too expensive (implies thl current value is just too high as well)
Nobody wanted to pay over the odds for their NZ tourism businesses
Suppose investors need to keep the faith and continue to believe the th2 initiative reaps huge rewards in due course after a period of significant amounts of cash being pumped into it
But I fear that ‘immediate’ and ‘decisive’ reviews generally don’t have good outcomes ...esp when a capital review are also mentioned in the same sentence
Hope the bargain hunters did get a bargain on Thursday
Very telling that they're no longer talking about $50m plus.
They're really looking out of their depth with the U.S. operations and especially TH2 which looks like a classic tech company, invest squillions and cross your fingers and hope.
What exactly is their strategy to get a return from TH2 ? To my mind this has never been communicated to the market.
All those dividends they've been paying out over recent years as you've astutely reminded us have been paid while debt has been ballooning so dividend yield just like the $50m the yield looks like some disingenuous illusion to get people of board does it not ?
How big a capital raise do they need in your opinion mate ?
EPS of 20 cps on $25m,...I really struggle to see even $3.00 in this now and even then a forward PE of 15 when there's clearly major surgery required looks fairly optimistic.
Probably time for Rob Campbell to reduce his workload this year given his age and the amount of weight he's carrying.
I wouldn't mind wagering a few bob he'll be stepping down from his role at THL in the next year or two.
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
Will Citic start selling if they are not interested any more？
Will there be any sizeable buyers ?
What about if there's a major cash issue ? Will they participate or allow their stake to be diluted ?
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
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Originally Posted by winner69
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