THL - Tourism Holdings

[simla]

A write-up on newsroom. It doesn't say anything new but is an accessible version of the situation maybe. https://www.newsroom.co.nz/@boardroo...out-of-tourism

[peat]

yeh interesting Simla.
Weird that he openly admits he is selling some of the highest return companies in the business.
But does give a better insight into the vision of the tech side they are moving into. And he suggests....
"it’s not impossible - maybe even likely - that the company could one day make as much money from its low-capital-intensive digital businesses as it does from its capital-intensive motorhomes. "

[simla]

He also says, "Embrace digital change and change your customer offering. But do it without losing focus on the core.” So the digital thing is a hope but they are not throwing the baby out with the bathwater.

[winner69]

yeh interesting Simla.
Weird that he openly admits he is selling some of the highest return companies in the business.
But does give a better insight into the vision of the tech side they are moving into. And he suggests....
"it’s not impossible - maybe even likely - that the company could one day make as much money from its low-capital-intensive digital businesses as it does from its capital-intensive motorhomes. "

Note he said motorhomes business is ‘capital intensive’ ....some on here don’t think it is ‘from a cash flow perspective’

[winner69]

Good communication that article

Just shows a conversation is far better than an awesome slide show

Hope he carries on this way ,... starting at the agm

[simla]

I'm not sure the market is in the mood for anything except short term good news. But there may be some of that anyway.

[sammiesmiles]

any good/bad insights from the shareholder meeting today?

[Sideshow Bob]

any good/bad insights from the shareholder meeting today?

Even a morning tea report??

[simla]

Company basically upbeat despite share price. Acknowledged nobody likes a falling share price but did not think it was justified. Happy with their outlook.

Dividends continue next year. th2 still thought likely to be great idea. Moving assets to global focus away from NZ over time as NZ cannot continue to provide long term growth.

Said it is all about looking to the future and these investments make sense but should not impact on short term results for shareholders too much.

Or that's what I heard anyway.

[sb9]

Company basically upbeat despite share price. Acknowledged nobody likes a falling share price but did not think it was justified. Happy with their outlook.

Dividends continue next year. th2 still thought likely to be great idea. Moving assets to global focus away from NZ over time as NZ cannot continue to provide long term growth.

Said it is all about looking to the future and these investments make sense but should not impact on short term results for shareholders too much.

Or that's what I heard anyway.

Concur all that, short term bit of patience, medium term not too bad, long term very positive.