THL - Tourism Holdings

[Beagle]

That's quite a miss isn't it ! Hope somebody at the annual meeting takes him to task over this and asks what are they going to do about it.
No profit guidance... Hmmm, that's a first for many years.

[RTM]

And I dodged a bullet....sold mid Sept for a modest profit. They had worried me for a while.
Their dabbling in computer stuff really concerned me.
Thanks to posters raising / discussing the various red flags along the way.
As I’ve said before...it’s a pity...if we must fill our country with tourists...it would be nice to make a big profit.
Having said that....I realise this latest hiccup is USA.

[glennj]

Well I'm glad I sold the last of my THL holdings in June realising a good profit. Percy at the time you asked what I was reinvesting in but didn't say as I was still accumulating. That money largely went in to topping up MMH which has done well since the switches out of THL!

[dzhang1510]

Anyone else at a fat loss? Was gonna sell off for a small loss last friday... now huge loss

[Beagle]

Have thl ever come up with a revised $50m profit in FY20 target ...mentioned they would

Looks like FY20 going to be less than $25m .....hmm

$25m on 147m shares is just 17 cps earnings. This has normally topped out at a PE of 18 when its been growing strongly = just $3.06.
But what's a fair PE in a much lower growth environment for a cyclical tourism company now global growth is much lower ?
Hmmmmm….. Looks like a lot of risk to the downside to me...

[winner69]

Rob saying F20 profit materially below market expectations

And goes on “FY20 NPAT result would be below the FY19 ordinary NPAT (exclusive of non-recurring items) result of $27.9M.”

Market expectaions were $32m (Market Screener)

Jeez less than $27.9m is quite a long way from $32m expectations

Nice wonder they not taking a guess ....even though they already know the half year result.

Bit of worry

[winner69]

$25m on 147m shares is just 17 cps earnings. This has normally topped out at a PE of 18 when its been growing strongly = just $3.06.
But what's a fair PE in a much lower growth environment for a cyclical tourism company now global growth is much lower ?
Hmmmmm….. Looks like a lot of risk to the downside to me...

Beagle ok Value is $2.42 per share ...and that includes the $80m new cash

Still a bit more pain I reckon

[winner69]

Market Value Added (MVA) is a good measure of a company’s worth. It’s the difference between the market cap and shareholder equity.

It’s also an indication of how much value (returns in excess of cost of capital) the market expects the company to achieve in future

At the time of last years ASM thl’s MVA was $377m - today it’s $195m

That’s a huge difference ...but whatsca worry is that the market is still expecting thl to do pretty well in future

Maybe that vitality will work.

[Brain]

Anyone else at a fat loss? Was gonna sell off for a small loss last friday... now huge loss

I sold all of mine in April at a substantial profit since I bought in at 67c. The profit that I made cancelled the loss I made on CBL shares almost to the dollar. I always try take the view that it is best to judge your portfolio as a whole at not get over excited about the losses or gains on individual shares.

[Balance]

Rob saying F20 profit materially below market expectations

And goes on “FY20 NPAT result would be below the FY19 ordinary NPAT (exclusive of non-recurring items) result of $27.9M.”

Market expectaions were $32m (Market Screener)

Jeez less than $27.9m is quite a long way from $32m expectations

Nice wonder they not taking a guess ....even though they already know the half year result.

Bit of worry

Have lost count - is this the third downgrade?