A bit unexpected. THL have forecast an increasing of 5.4% for annual visitor arrivals.
A 0.2% drop explained in the article by Easter being in April instead of March so hardly signs of doom. Add to that the Masters Games this month. You can throw that article in the bin.
Meanwhile AIR reports an increase in passengers numbers...
March market conditions Air New Zealand carried 1,613,000 passengers during the month of March, an increase of 5.2% compared to the same period last year.
Unsure of why THL is trading at such a discount, while the market piles on hefty multiples in just about every other sector.
Would i be right in saying the geopolitical tensions are turning people away from this company?
Unless USA and/or NZ ends up a nuclear wasteland I don't see any issues with the tourism industry, nor would my money be on my mind if that were the case.
MCK/THL are my tourism stocks, great long term horizon.
These numbers are silly in my view. If I buy a long black or a Steinlager at Nelson airport waiting for my flight, it is apparently classed as tourism export earnings. Go figure !!
These numbers are silly in my view. If I buy a long black or a Steinlager at Nelson airport waiting for my flight, it is apparently classed as tourism export earnings. Go figure !!
My conclusion, iceman, is that you should cut down on your long blacks and Steinlagers at Nelson airport!
Reply With Quote
Originally Posted by Hectorplains
Bookmarks