THL - Tourism Holdings

[BlackPeter]

And another insider continues purchasing. Jennifer Bunbury (CFO) bought 5,200 shares in January 2019 and has topped up on-market with another 4,800 shares to take her holding to 10,000.
https://www.nzx.com/announcements/332792

CFO's buying on their own account

Always good if insiders are buying - though the amount you are talking about is not really breaking the bank, isn't it? One other worthwhile question would be: how much experience does she have in assessing the progress of big hairy software projects? I have seen more high technical companies than THL (basically a rental home provider) where the senior leadership team had no clue or understanding of how the (software) flagship projects really were going.

Discl: don't know the answer to above questions (i.e. not just rhetorical) and don't hold.

[IAK]

Good article on over-tourism in NZ from Jon Dumble the tourism pioneer who helped found Queenstown's iconic Skyline restaurant and gondola more than 50 years ago.

https://www.nzherald.co.nz/business/...ectid=12220341

[minimoke]

This from presentation interesting ....expected company values to fall and get things cheaper in future?


Can you provide an update on the M&A opportunities mentioned at the 2018 Annual Meeting?

thl continues to explore a number of potential M&A opportunities. In January, we decided not to proceed with a potential material acquisition that was being explored for some time. We continue to remain disciplined on pricing and are committed to only proceeding with M&A opportunities where we believe that the opportunity represents real value for thl.

In todays announcement THL buys largest shareholding in Australia's Outdooria and GoSeeAustralia

[iceman]

In todays announcement THL buys largest shareholding in Australia's Outdooria and GoSeeAustralia

Not quite Minimoke. TH2, of which THL own 50%, has taken a 35% stake in the new entity

[golden city]

It sounds on track. A 35% shareholding would value campermate Roadtrippers Australia at $37 million. Since not long ago marketplacesr was valued at $70m at latest capital raised together th2 would have a share and profitable business in Australia and can duplicate this in another country if sucessful

[sb9]

https://www.nzx.com/announcements/333500

Oh dear...

"The company now expects NPAT of between $25 million to $28 million for the year ended 30 June 2019. The previously announced guidance was for NPAT of around $32 million.
The primary reason for the revised guidance is that the vehicle sales market in the USA has continued to deteriorate and thl’s expectations for the financial year are now substantially below previous forecasts."

Bad acquisition that US business...

Disc - Not a holder

[winner69]

Jeez ....that’s some earnings guidance downgrade - from around $32m npat to around $25m npat

Will the market react ....it’s been in love with thl of late

http://nzx-prod-s7fsd7f98s.s3-websit...500/298595.pdf

[minimoke]

Jeez ....that’s some earnings guidance downgrade - from around $32m npat to around $25m npat

Will the market react ....it’s been in love with thl of late

Yup - I'm expecting a major hit today which is likely to set me back to break even

[winner69]

You knew it was going to be bad news when the heading said ‘revised guidance’

Nothing to tout was there

[winner69]

Yup - I'm expecting a major hit today which is likely to set me back to break even

Chart shows reasonable support around the 390 level