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  1. #3761
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    A nice profit upgrade and debt below projected

  2. #3762
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    Quote Originally Posted by Arthur View Post
    A nice profit upgrade and debt below projected
    pdated FY20 guidance

    14/9/2020, 11:01 amMKTUPDTE14 September 2020
    MEDIA | NZX RELEASE
    TOURISM HOLDINGS LIMITED (thl)

    UPDATED FY20 GUIDANCE
    thl advises that it expects its underlying net profit after tax for the financial year ending 30 June 2020 (FY20) will be approximately $20 million. This compares to thl’s previous guidance range of $17.5 - $19.5 million, as released on 25 June 2020.
    This underlying result excludes the impact from a number of one-off items, including the partial Togo exit undertaken in March 2020 which resulted in a one-off gain of $9.3M including tax and foreign exchange benefits, a one-off tax benefit of $1.1M in the USA and the write-off of $3.1 million of goodwill attributed to Kiwi Experience. thl’s FY20 statutory net profit after tax, which is inclusive of these one-off items, is expected to be approximately $27 million.
    thl’s net debt (bank borrowings less cash and cash equivalents) as at 30 June 2020 was approximately $128 million. This compares to earlier expectations of net debt of approximately $133 million, as noted in thl’s market release on 31 July 2020. The variance was primarily attributable to the continued outperformance of vehicle sales, particularly in the United States.
    thl will be releasing its financial results for FY20 on Friday, 18 September 2020.
    ENDS

  3. #3763
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    very good communicator, clear and detailed guideline has been given, better than other company's announcements. Only need to concern goodwill for FY20 & FY21( fire accident damage) and vehicle sales for FY21. Go THL!

  4. #3764
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    Quote Originally Posted by flyinglizard View Post
    very good communicator, clear and detailed guideline has been given, better than other company's announcements. Only need to concern goodwill for FY20 & FY21( fire accident damage) and vehicle sales for FY21. Go THL!
    Jeez they are only quoting from the report that's coming out in a day or so

    Couldn't really call it 'guidance' - its what's going to be (and its only as at June 30th)
    “Just consider that maybe the probability of you being wrong is higher than you think.”

  5. #3765
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    Quote Originally Posted by flyinglizard View Post
    very good communicator, clear and detailed guideline has been given, better than other company's announcements. Only need to concern goodwill for FY20 & FY21( fire accident damage) and vehicle sales for FY21. Go THL!
    It will be interesting to see how much of their profit is coming from their booming 2nd hand vehicle sales, which will need to be replaced at some stage in the future if all goes well.

  6. #3766
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    Quote Originally Posted by iceman View Post
    It will be interesting to see how much of their profit is coming from their booming 2nd hand vehicle sales, which will need to be replaced at some stage in the future if all goes well.
    I've been sniffing around their so called great new Zealand campervan sale https://greatnzmotorhomesale.com/
    I have yet to see anything that represents a really good buy.
    Last edited by Beagle; 14-09-2020 at 03:16 PM.
    No butts, hold no mutts, (unless they're the furry variety).

  7. #3767
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    A tourism company with a PE of about 12 in the middle of a tourism crisis, there are worse places to be invested.

  8. #3768
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    What would their earnings be without truck loads of Govt support ?
    No butts, hold no mutts, (unless they're the furry variety).

  9. #3769
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    Personally I am well pleased to have exited for a modest profit.

  10. #3770
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    Quote Originally Posted by Beagle View Post
    What would their earnings be without truck loads of Govt support ?
    I guess we will soon see, there aren't too many companies that haven't picked up the wage subsidy. They picked up some money for Waitomo Caves and some for quarantine operations. Next year could be when it hits the fan....

  11. #3771
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    https://www.nzx.com/announcements/359966 - impressive result in a tough environment...

  12. #3772
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    It's amazing US RV sales are particularly strong. Net debts now have been down to only $75M. Excellent results.

  13. #3773
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    "It's amazing US RV sales are particularly strong" travel across the US is considered safer in an RV rather than flying for your holidays.

  14. #3774
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    Quote Originally Posted by Waltzingironmansinlgescul View Post
    "It's amazing US RV sales are particularly strong" travel across the US is considered safer in an RV rather than flying for your holidays.
    The USA vehicle sales business achieved revenue growth of 68% (in USD) in the last four months of FY20 compared to the pcp. I noticed that US sales

    From annual reports, New Business Model


    - not only Managed Facility in nz, THL achieves States Managed Facility in the United States.
    - Mobile Offices (Maybe some used in US election campaign? how about NZ?)
    - Mobile Diagnostics
    - Remote Project and Seasonal Worker Accommodation


    The highlights

    - THL has strong PR with governments and agencies
    - Quickly response to dramatic market environment change, thinking of how fast they decided to withdraw the investment in Togo.
    - Quickly changed business strategy, from built-rent-sale to excessive sales of vehicles
    - Quickly response to fire accident, the same day setup new site and temp office
    - Transparency


    Sad to say that, more mess that US has, more sales that THL will achieve. Maybe Americans more likely to visit family members in long haul by caravan than train or airplane during pandemic, and more likely they may use caravan to do a domestic travel, considering their caravan culture background.



    1st July 2020 - 31th Aug 2020, Revenue of NZ increased by 119%, AUS by 65%, US by 167%, compared with FY2020. That is first month of FY21 !

    Next tests would be

    - fire accident assessment and insurance response
    - Q1 FY2021 market updates if any
    - NZ market sales target of 1500+

    This one should be the leader of tourism sector recovery if they pass all tests.
    Last edited by flyinglizard; Yesterday at 05:21 PM.

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