THL - Tourism Holdings

[Scrunch]

Sounds like a positive move to me...looks like a way to access growth on 'their' assets (now the JV's) by using $47m of Thor's cash to do it. Also interesting to see if it results in any longer-term tie-up between Thor and THL.

Agree. Had a look at the tho code on the NYSE. They did $7.7b in sales for a profit of $424m from the manufacture of RVs. Very useful company to be doing JVs with. It's the sort of partner that could help seriously scale the JV.

[golden city]

Glad I kept it all the way. Now I can retired

[Cricketfan]

Cheers to all the longs who have the good sense to withstand some silly little bumps along the way. If you read this thread this week you may have been led to believe it would take two years for the shareprice to get back to its all time high. It took two days. That's why you invest in good companies with good leadership. For days like this where they show the ability to keep improving and redefining their business model.

Yep, glad I stuck to my strategy of doing nothing in this case.

[winner69]

Hope punters not affected by this little snippet

sh. The business is expected to lose money in the first two years of operation as it focuses on growing customer numbers,

http://www.sharechat.co.nz/article/3...rv-market.html

At least they appear to get a decent gain this year on the profit they will on ‘selling’ the assets into the JV. Should take it over $50m but this jv is incremental to the $50m

[iceman]

Hope punters not affected by this little snippet

sh. The business is expected to lose money in the first two years of operation as it focuses on growing customer numbers,

http://www.sharechat.co.nz/article/3...rv-market.html

At least they appear to get a decent gain this year on the profit they will on ‘selling’ the assets into the JV. Should take it over $50m but this jv is incremental to the $50m

And don´t forget the Trump tax windfall !!

[winner69]

thl using words and phrases like data / digital connectivity / sharing economy / international marketplaces / global platform / peer to peer / remote systems monitoring the market should be looking at them as a tech company

thl as a tech company growing as fast as it is would be on a pe of at least 40

They are not an old fashioned capital intensive rental campervan company ...they are heaps more han that. Hope the market rerates accordingly

PS - that announcement says that Grant Webster looks like he has borrowed Nick from Warehouse buzz word book...or they went to same management uni.

[iceman]

thl using words and phrases like data / digital connectivity / sharing economy / international marketplaces / global platform / peer to peer / remote systems monitoring the market should be looking at them as a tech company

thl as a tech company growing as fast as it is would be on a pe of at least 40

They are not an old fashioned capital intensive rental campervan company ...they are heaps more han that. Hope the market rerates accordingly

PS - that announcement says that Grant Webster looks like he has borrowed Nick from Warehouse buzz word book...or they went to same management uni.

You are right winner69. THL is certainly investing heavily in technology to take advantage of the huge growth in this popular way of traveling. Looks like they will book a $17m profit from this deal from sale of Cosmos, Mighway and Roadtrippers.
I think its been very smart to partner in a 50/50 partnership with such a giant in RV vehicle manufacturing as Thor Industries is, 10x or so the size of THL. Interesting times

[weasel]

thl using words and phrases like data / digital connectivity / sharing economy / international marketplaces / global platform / peer to peer / remote systems monitoring the market should be looking at them as a tech company

Just one key word missing .... BLOCKCHAIN

(don't they want an immediate 50% increase in market cap?)

[Justin]

Why Thor SP dropped 4.29% on this Friday?

[Leftfield]

Just one key word missing .... BLOCKCHAIN (don't they want an immediate 50% increase in market cap?)

Nice one Weasel

Only a few weeks ago posters such as Winner and Beagle were saying that THL’s growth days were possibly over or that THL “looks vulnerable to a pullback” and THL’s share price “could go nowhere for a year or two.” (refer posts #’s 2347, 2355 and 2369.)

According to NBR last week THL’s SP growth led the NZX index with 6.5% gains, riding on news of a joint venture with USA based Thor industries to drive development of a digital platform for the RV hire market (puns intended), which will no doubt build on THL’s current platforms such as;

https://www.mighway.com
https://roadtrippers.com/new-zealand

In the words of Craigs Investments partner, Greg Easton, “digitisation of some of (THL’s) services was always seen as something of huge potential”

While some posters have noted that this JV is still likely to ‘lose money’ for a couple of years, they perhaps forget the huge potential of such digitisation as we enter the realm of digital vehicles, driverless cars, and GPS guided route planning and tours.

Anyone aware of the huge success of the NZ Motorcaravan Association and its site https://www.nzmca.org.nz will get a glimpse of the digital future available to the RV market.

On Thursday 22 Feb we will get THL’s latest results update. It’s going to be interesting to watch.