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.
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.
Itll be that 50 to 60 range pretty soon I reckon
And very likely worthless when the receivers / administrators are called in
At the top of every bubble, everyone is convinced it's not yet a bubble.
Might be some cheap ex rental camper vans for sale this winter...b.y.o. disinfectant
Ecclesiastes 11:2: Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
The announcement says they had a net tangible asset of $1.83 in Dec 2019 does anyone know what exactly that was? Physical asset or did they value their IP or goodwill etc as well? Can the current NTA value be found somehow? TIA
The announcement says they had a net tangible asset of $1.83 in Dec 2019 does anyone know what exactly that was? Physical asset or did they value their IP or goodwill etc as well? Can the current NTA value be found somehow? TIA
Thats sickening reading. Property plant and equipment at $400m. Current Liabilities $71m offset by trade and rec of $31 and inventories? of $55m. NOt much wiggle room there. And non-current liabilities are $280m with non current assets made up largely by the big elephant of PPE.
I would steer well clear for the foreseeable future.
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