THL - Tourism Holdings

[Gerald]

Should be good buying at half NTA...must add them to my Christmas stocking wish list at 90 cents.

Might be there before easter.

[bull....]

why have they not cancelled the dividend ?

[Filthy]

why have they not cancelled the dividend ?

it'll come. just a bit slow

[Arbroath]

why have they not cancelled the dividend ?

I'm a small holder still and I want it cancelled. That $15m is much better in the company right now than shareholders pockets.
It will happen, just like AIA as THL is still cum dividend.
AIR is ex-dividend so probably much trickier legally. The Govt will get there $65m dividend and net it off against the $2b bailout...funny except its not really.

[whatsup]

I well remember THL being in the .50-.60 range in the mid 1980's , lets hope that it does not drift back to that level !.

IMO the question is, what is their current short and long term debt, at what level will tourism return eventually and what amount of fixed overheads do they have. A reduction in interest rates can help but knowing banks as I do once the company is under financial stress they do not always pass on those lower rates.

[ratkin]

Te rate this thing is declining it will be down to zero in a week

[bull....]

they still havnt cancelled dividend . crazy stuff

[winner69]

In spite of the hype over the years it’s obvious now thl never really had a viable business model.

Just track their cash flows through a complete business cycle will show why.

[Filthy]

it'll come. just a bit slow

cancelled. good move.

[winner69]

Things looking pretty dire in thl land

Still can borrow another $109m

If you are going to crash and burn may as well do it big time eh

https://www.nzx.com/announcements/350294