THL - Tourism Holdings

[winner69]

I think the real problem is the company has a long history of guiding upwards at the half year mark and this time excluding the already priced in recurring U.S. tax benefits for the first time in years they effectively guided downwards on a net operating profit basis. I can certainly understand the markets disappointment with that.

Maybe a bit of acquisitive indigestion holding them back

Love that phrase

[JeremyALD]

They are well on their way to 50m NPAT as targeted so I'm not really worried about a slightly more modest year. There's nothing in the report to suggest they are not delivering. As I highlighted beginning of the year the SP got a little bit ahead of itself but I think it's a decent long term hold at present.

[Raz]

Only minor acquisition spend in H1 ....all the big spend was in F17

And over the last two and half years dividends have exceeded free cash flow (excluding acquistions)

The cashflow statement is the most important part of financial statements and its all there to be seen...chief reason i have been selling down..

[JeremyALD]

The cashflow statement is the most important part of financial statements and its all there to be seen...chief reason i have been selling down..

Can you expand on this please?

[winner69]

Can you expand on this please?

Maybe Free Cash Flow of ~$7m might get you thinking (esp relative to its Enterprise Value approaching $1 billion)

Raz probably seen other stuff

[Beagle]

Maybe a bit of acquisitive indigestion holding them back

Love that phrase

AKA biting off more than you can chew. I think they'll do fine in the long run once they bed this new operation in and get it humming along nicely.

[winner69]

Where’s every one gone ...not ‘discussing’ thl for a week or so

All the excitement gone out of this stock ...off chasing atm are we all

Yes, that is a lot more exciting eh .....but please come back here when thl is back down at 550 or less

[sb9]

Where’s every one gone ...not ‘discussing’ thl for a week or so

All the excitement gone out of this stock ...off chasing atm are we all

Yes, that is a lot more exciting eh .....but please come back here when thl is back down at 550 or less

Or when it goes over $6.50, just need those Chinese buyers to keep buying...wonder if they're still accumulating.

[cymonger]

Or when it goes over $6.50, just need those Chinese buyers to keep buying...wonder if they're still accumulating.

They just keep coming! Gonna be another big number year for these guys

http://www.nzherald.co.nz/business/n...ectid=12011085

[Justin]

extremly quite and smooth week， sp around 5.98-6