THL - Tourism Holdings

[Beagle]

H118 profits were stunning - up 102% on pcp

Second half profits DOWN 22% on pcp (not counting that one big off)

Ouch, that is awful. Shares have been in a nice uptrend for quite some time and nicely above 100 day MA for ages...but that's now been breeched and company is forewarning of lower profits for FY19.

Correction from ~ $6.85 in early July all done and dusted yet ? You folks be the judge.
By the way....I brought up the chart today. There was a very clear head and shoulders a little while ago, seldom have I seen a clearer head and shoulders image. The warning signs were there for those into TA. Surprised nobody on here mentioned it before ?

[peat]

a very clear head and shoulders . The warning signs were there for those into TA. Surprised nobody on here mentioned it before ?

True dat!
Its a little lopsided - symmetry is good. But yeh a H&S by most counts. well spotted.
And its even clearly broken the neckline with a 3.5% fall today.
So that implies it could fall to $5.00 ish

[janner]

Ouch, that is awful The warning signs were there for those into TA. Surprised nobody on here mentioned it before ?

Always have thought of you as being a non TA man Rog. .. One can change :-)))

Which leaves me as always....... ???? :-))))))))))

CONFUSED..

[minimoke]

True dat!
Its a little lopsided - symmetry is good. But yeh a H&S by most counts. well spotted.
And its even clearly broken the neckline with a 3.5% fall today.
So that implies it could fall to $5.00 ish

You cant draw any conclusion on share drop for an hours trading. It was starting to come off an open low of 4% drop. Lets see if NZX gives market the benefit of a full day trading today

[Beagle]

So that implies it could fall to $5.00 ish

Yes...good company but that's how I see the risk too.

Always have thought of you as being a non TA man Rog. .. One can change :-)))

Which leaves me as always....... ???? :-))))))))))

CONFUSED..

Yes a bean counter is always going to be a numbers man at heart so FA rules the roost as far as I'm concerned but I have learned that TA is a very valuable tool too.
All the proof you need that old dogs can learn new tricks

[hotshothendo]

For those of us learning the ropes, what's FA and TA

[Dorkus]

FA= Fundamental Analysis - The underlying things that make a company worth a certain value.
TA= Technical Analysis - Using the chart to predict the future value of the company. TA assumes the market (and therefore the chart) knows everything about the fundamentals.

[Justin]

Seem like those who dislike the results cash up and gone, who still in journey with me

[minimoke]

Seem like those who dislike the results cash up and gone, who still in journey with me

I'm still in. Still holding an overall 21% gain this year (and much more in my Portfolio One holding). Nearing my stop loss - but not close enough yet to get me worried.

[RTM]

Seem like those who dislike the results cash up and gone, who still in journey with me

I'm not good at selling. Still in, pleased with the dividend, especially on my average buy of 3.85.
Interesting times ahead tho. Hope they have got it right and their top guys are devoting enough of their time to THL. Suspect their foray into the USA will be demanding.