THL - Tourism Holdings

[bull....]

A cheeky offer 1c options at strike 1.05 , not sure if an financial arrangement comes under the takeovers act unless exercised?

[J R Ewing]

A cheeky offer 1c options at strike 1.05 , not sure if an financial arrangement comes under the takeovers act unless exercised?

Cheeky is not the word for it! 1c when only 6c away from the $1.05 strike price! What is the proposed conversion date for the options?

[bull....]

think the date was mid april

[J R Ewing]

I wonder if that's based on a serious intention to buy a substantial holding (or knowledge of someone else's intention). Or maybe they are just seeing if they can make a quick profit if the shares continue to rise over the next few weeks.

[Silverlight]

With the plummeting NZD vs AUD, this will create a two fold effect. Increase in aussie tourists, so potential increase in revenue, and a cheaper company in AUD to launch a takeover.

2007 takeover was at $2.80 when AUDNZD was 1.10, so 2.54 AUD or market cap of 250m AUD

Share price now $1.00 with currency at 1.30, so 0.77 AUD or market cap of 75m AUD.

[J R Ewing]

A high Aussie dollar is a mixed blessing for NZ tourism. While it makes a trip here cheaper, it also makes it more affordable to head further afield to competing destinations. The US must be a tempting sestination for Aussies now, the AUD is very strong against the greenback. The ideal from an NZ perspective is when the AUD is weak (making long haul travel too expensive) and the NZD weaker (allowing NZ to compete favorably with domestic destinations).

Also for THL Australian tourism is important, and that won't be being helped by a high AUD.

I suppose a takeover must always be a possibility when the company is trading below the value of assets.

[bull....]

Presently consolidating under $1 , a break of 1 and we will go to new highs

[ENP]

How many people are going to look into speculating with trading THL with the Rugby World Cup next year?

[J R Ewing]

Visitor numbers were down in April, and I suspect they will be down again in May. Last May we got a lot of Australian visitors, perhaps due to their government handout.

Also, what effect might the changes to business depreciation have on THL? A lot of existing fleet will already be at minimal value on the books, but slower depreciation will make it less attractive to replace fleet.

[bull....]

im still in for rwc but small position which ill top up from time to time , unless world has gfc2 i believe thl will have bumper 2011 - 12 yr .
maybe john appointment will help with manufactering side of there business?