THL - Tourism Holdings

[J R Ewing]

Tourism slump fallout yet to hit
By Owen Hembry 4:00 AM Monday May 31, 2010 Facebook
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Australia's healthy visitor growth has counterbalanced some rather sick major markets. Global recession has sped up changes in the tourism industry but some effects may not be felt fully for years, say industry leaders.

Tourism Holdings chief executive Grant Webster said companies across the industry had pulled back on capital investment and paid down debt.

"They actually used that cash flow to stay afloat and it's going to take them some time to actually get back into a position where that capital investment is going to catch up," Webster said.

"So we won't see that effect in the industry for a couple of years to come because the product's okay, you can defer things, you think of a campervan or a hotel room you're not going to notice in one year that it's one year older," he said.

"But in two or three years time when that sort of mounts up is where there's a longer-term issue for the industry."

Tourism Holdings, whose businesses included Waitomo Glowworm Caves and hiring campervans, had reduced some of its fleet, paid down debt and for the six months ending December 31 posted its strongest operating cashflow in years, Webster said.

Tourism Holdings was now catching up and re-investing heavily, he said.

Tourism Industry Association chief executive Tim Cossar said it felt like the impact of recession was behind the industry.

[Silverlight]

From Half year:

Assets 280m
Intangibles 46m
Liabilities 97m

NTA $1.41.

With share price currently 76 cents and results due out this Thursday this could provide a good entry opportunity.

[J R Ewing]

From Half year:

Assets 280m
Intangibles 46m
Liabilities 97m

NTA $1.41.

With share price currently 76 cents and results due out this Thursday this could provide a good entry opportunity.

The issue is getting an economic return on those assets. I drove past the THL head office in Beach Rd today, the blackboard advertises Campervans from $16/day.

[minimoke]

Big trade went thru. To whom? Sellers disappearing. Why? Whats up?

??? 15 trades so far today spread over $86k and 111,11 shares. Biggest trade 32,000 shares - nothing there as far as I can see

[Zito]

FLLYR results due out at 9am tomorrow morning will have something to do with it.

[flyingfox]

Big trade went thru. To whom? Sellers disappearing. Why? Whats up?

It's been not many sellers for quite a while, but price has no big change. I think THL should not be this cheap.

[minimoke]

What was the 2 million that went thru a week or so ago? Did I miss something?

That was a few days ago at $0.76. Today now 218,000 sold, buying at $0.79

[bull....]

Nice result , Aus in particular seems to stand out.
On the charts showed a nice bottoming around low mid 70c range , hence the increased volume that entered the market once support around here became evident.
Longer term trends probably depend on macro issues still but im still holding and accumulating for big 2012 payday caveat still no gfc2

[winner69]

The issue is getting an economic return on those assets. I drove past the THL head office in Beach Rd today, the blackboard advertises Campervans from $16/day.

So all those assets and $5m profit at the end of the day

[Silverlight]

With share price currently 76 cents and results due out this Thursday this could provide a good entry opportunity.

Full Year

Assets 268m (down 4%)
Intangibles 44m (down 4%)
Liabilities 86m (down 11%)

NTA $1.40

Revenue up, profit up, 2 cent dividend good time to add some more.