THL - Tourism Holdings

[golden city]

Keeping the faith as dividend in the pocket

[oldtech]

Guys above disappointed THL is understandable. But THL has track record of excellence. Probably you need to look at it in the long-run which I believe it will still be excellent.

No companies without any concerns. If there was one, its share price would have reached sky high.

Understand that Lease, but THL SP has been steadily heading the wrong way for around 8 months now. That's what worries me.

[Lease]

Understand that Lease, but THL SP has been steadily heading the wrong way for around 8 months now. That's what worries me.

I don't encourage others to buy into the share right now as my gut feeling is the industry has passed peak cycle, and nobody is able to confront the trend if the cycle is going downward. So at moment, long-term investors should hold sufficient cash on hand and wait for, probably market crash.

[winner69]

Guys above disappointed THL is understandable. But THL has track record of excellence. Probably you need to look at it in the long-run which I believe it will still be excellent.

No companies without any concerns. If there was one, its share price would have reached sky high.

Long term history thats not so ....only recently could you say a track record of excellence (and some might question that statement)

[RupertBear]

Keeping the faith as dividend in the pocket

The divee tempted me to hold at least for a while but decided my capital loss would exceed the divee given their result and the current downtrend. Pleased to be out of this one atm.

[Lease]

Long term history thats not so ....only recently could you say a track record of excellence (and some might question that statement)

I started to invest THL in 2008, just prior to GFC. In those extremely difficult years, THL had only one year made loss. Once market conditions are improved, it outperformed. Probably a decade you think is not very long, but I have gone through with THL ups and downs. I put my faith on THL management.

[forest]

I started to invest THL in 2008, just prior to GFC. In those extremely difficult years, THL had only one year made loss. Once market conditions are improved, it outperformed. Probably a decade you think is not very long, but I have gone through with THL ups and downs. I put my faith on THL management.

I agree with you Lease, I think we have exceptional good management with THL. THL is moving with the times and adjusting there business model. This is something to encourage in management. I think THL is a case of the more you understand the management and company the more one is comfortable with the direction it is going.

The 3 year forecast is for $50m from business as usual, that is good growth to come and a high dividend on top of it.
Maybe volatile for some time but good prospects.

[golden city]

I am another committed shareholder that invested in the company in the most difficult years they hardly do capital raising even in gfc

[Beagle]

https://www.marketscreener.com/TOURI...92/financials/
Based on $33m forecast = eps = 25.1 cps so $32m the new forecast = 24.3 cps. I really struggle to see the growth in eps that the average analyst is forecasting here and I expect downgrades to come through as growth has well and truly come off the boil. At $4.39 they are on a forward PE of 18.1. I do not think that's cheap by any means in the circumstances.
The chart says there's a VERY clear downtrend and the fundamental's do not look compelling at all for a tourism company. PE of 18 is about as high as this company has ever traded when growth was on track.

I expect the strong correction to continue for quite some time. This looks like a good stock to avoid for a while until a new uptrend commences and that might be quite some time in the future.
Somewhere in the low $3 range provided they can show some traction with the millions they're investing in TH2, it could be worth another look.

[winner69]

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.

There has been a general decline in pricing across the globe in publicly-listed RV & tourism businesses, which thl itself has also been impacted by. Any future M&A opportunities that we explore in this sector would need to reflect this change in the overall market.

There has been some commentary in the market that we are considering a capital raise to fund potential M&A. We can confirm that we have no current transactions in play which would require us to undertake a capital raise