THL - Tourism Holdings

[scamper]

i suspect it was pretty good value, and i would have sold had i been in nz.
sadly i was off gallivanting for three months, and could neither remember the size of my holding or the details of selling online.
it could be 12-15 months before we see 280 again.
i'm rather cross with myself. woe!

[Toddy]

SP may stay down for quite some time.

THL
24/09/2007
HALTRECQ

REL: 1042 HRS Tourism Holdings Limited

HALTRECQ: THL: THL Halt of Securities

NZX Regulation Announcement
Tourism Holdings Limited (THL)
Halt of Securities

NZX Regulation advises that Tourism Holdings Limited (THL) has applied for,
and NZX Regulation ("NZXR") has granted, a trading halt in THL securities.
The trading halt is to enable MFS Living and Leisure to conduct a book build
on the sale of its existing stake in THL. NZXR anticipates that THL will be
in halt for the remainder of today, 24 September 2007.

[scamper]

it's so long since i had to take notice of this sort of trading halt that i cant remember the implications! i presume that a trading halt and then the behind-the-scenes bargaining has fewer negative effects on the sp than mfs dumping the lot on the open market.

is there a rule that governs whether a trading halt is necessary?

just remembered -- i was offered a bucket full of npx years ago when there was a 'distressed seller'. the market price dropped to around the behind-the-scenes price, maybe 172c, and then pulled away merrily for years.

it would be wishful thinking to imagine thl 'pulling away merrily for years'. cheers.

[winner69]

Hardly inspiring stuff from the head honcho

" Profits could always be better. It's been an okay year."

http://www.nzherald.co.nz/section/3/...ectid=10484834


Shouldn't overlook the fact that THL outperformed the NZX (and even NZO) this year ..... up nearly 20% ....... one of the standouts for the year ...... but are many regretting not taking the $2.80 or whatever it was

[winner69]

With a current price of 191 that 280 that MFS offered seems a long way off

MFS accused of 'over paying' for a lot of the succesful acquisitions made so on reflection the 280 offered for THL was on the high side as well

Oh well -- some held out and all have suffered since ..... but it would be an interesting life for THL under MFS control at the moment eh