Hi,anyone knows why there are 8 cents dropped today? Any news updated?
Presume its to do with the political climate in the U.K. and US. Plus the terror attack over the long weekend leaving some concerns about the world. Not surprised it's having a small impact on THL
The NZ caparvan market is profitable, but partly because of THLs expertise and fleet optimisation. I can't see companies flocking into their business model and creating competition because there's not a huge market in NZ in the first place and THL could essentially lower their prices and push them out of the market if they did enter. The whole industry here makes what 20m profit in NZ?
THL also has growth scheduled in the USA which is a huge market. I think there's more competition here, but the size of the market should bring plenty of opportunities.
The major risk is a decline in tourism and companies fighting for market share and to stay alive. THL has targeted 50m in 2020 and so far they're delivering
The NZ caparvan market is profitable, but partly because of THLs expertise and fleet optimisation. I can't see companies flocking into their business model and creating competition because there's not a huge market in NZ in the first place and[B] THL could essentially lower their prices and push them out of the market if they did enter. [/B]T he whole industry here makes what 20m profit in NZ?
THL also has growth scheduled in the USA which is a huge market. I think there's more competition here, but the size of the market should bring plenty of opportunities.
The major risk is a decline in tourism and companies fighting for market share and to stay alive. THL has targeted 50m in 2020 and so far they're delivering
I think the highlighted bits is what the article was alluding to - market gets profitable ...new entrants come in ...and prices / profits fall.
Otherwise generally agree with what you say
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
On track to that $50m - share price still not reflecting that
agree with winner, mr market definitely not reflecting the full value. I've got a target of over $6, based on this morning's upgrade and some fairly moderate growth assumptions into the future...taking another look at my own figures/assumptions at the moment in case I'm missing something. On current earnings, that would be a PE of 23, but in a couple of years, that PE will be well around 20 at that $6 price...so not beyond the bounds of reason for what could be considered a growth share...
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Originally Posted by Justin
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