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Problem is that the campervan hirers are fat yanks , brits or europeans. They been hit by probable recession , poor exchange rates petrol price hikes etc
Combine this with other companies offering rent a wreck type deals and you end up with half the fleet sitting idle but losing value.
No doubt they will have a good year when the worlsd cup comes around but that still a long way off
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Back in the good ol days when thl had everything going for it but continually disappointed punters some guru pointed out that there was an inverse correlation between overseas visitor numbers and the thl share price
The more overseas visitors / tourists the more disappointing thl financial performance and share price
Shareholders loved thl though and were so loyal they even rejected a takeover offer $2.80 odd in 2007
Just as well these times are different ….all looking good for the new thl.
Shareprice might even hit 6 bucks again
Last edited by winner69; 19-10-2022 at 12:17 PM.
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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Thanks ratkin and patsy ... for reminding me about the yard full of campervans not generating any income, why a high or is it a high dollar seems to stop tourists coming to the country, how high fuel prices stop people flying to this country, how the Olympics always seem to affect THL and and .... and .... and ....
And thanks for reminding me that their business is capital intensive and it requires high usage rates to make decent money ... and that it is pretty labout intensive and only makes a margin on top of this
And thanks for reminding me that THL is a perrenial non-performer and invariably disappoints the market and it appears as if nothing has changed
And thanks for reminding me that it is stupid of me to put THL back on the old watchlist because one day it might come right
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Originally Posted by patsy
Winner - the usage rate is a concept that THL has never understood and has been one of the reasons for its own demise: contrary to common sense, a high campervan usage rate is less profitable than an optimal (lower) usage rate. A high usage rate means disproportionally higher maintenance costs and more frequent replacement.
THL has consistently insisted on full utilisation simply because they believe that the market focuses on sales levels, not profit levels. A utilisation rate of around 10% below the usual top summer rate, would act as leverage on bottom line. That is, slightly lower sales would help achieve significant cost reduction thus giving a higher bottom line.
... but who can explain this to those who come from NZ Lotteries and believe that this business should be managed the same, as an intangible product one, in which sales and costs follow a perfectly correlated and linear relationship?
"Come back, Pickup - all is forgiven"
I think that Patsy is hitting a nail on the head. Industry inexperience obviously counts for little, unless you are lucky enough to be receiving the paycheck...
Death will be reality, Life is just an illusion.
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Tin-foil Hatter
Today, the sp is at 87c.... a level not seen since November 1998. For shareholders, ten years of no capital growth, just some divvies.
What a shame.
God - Please give us just one more bubble....
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Biggest disappointment ever this comapny eh Patsy
I always have a laugh when they say they are 'well positioned' for when things improve ...... things may improve .... but generally not for long suffering THL shareholders
What price did dhareholders reject last year? Bugger they say now
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Junior Member
Thl
please do tell, would you buy back in to THL in this recession?
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certainly wouldn't be the worse stock to hold if the divies keep coming at 11c = 15% yield
both NZ & AUS are great countries to travel by campers THL have core holdings in both
whats others views at 60c-70c little downside in CAP with KEY taking on tourism role??
On the watchlist for the mo
"With a good perspective on history, we can have a better understanding of the past and present, and thus a clear vision of the future." — Carlos Slim Helu
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Originally Posted by belgarion
LOL ... Zero chance of that!
Of a 11c ann divie? or the worse stock to hold ?
"With a good perspective on history, we can have a better understanding of the past and present, and thus a clear vision of the future." — Carlos Slim Helu
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Chairman Rob Campbell buying
https://www.nzx.com/companies/THL/announcements/249407
Rob Campbell sounded confident at the AGM that he can improve THL profits and now he is backing this up with some THL share purchases in march and April.
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