THL - Tourism Holdings

[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.

At lease todays ann is a start !

[winner69]

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.

It’ll be that 50 to 60 range pretty soon I reckon

And very likely worthless when the receivers / administrators are called in

[percy]

It’ll be that 50 to 60 range pretty soon I reckon

And very likely worthless when the receivers / administrators are called in

May have to get Turners to sell the camper vans.?

[Lola]

may have to get turners to sell the camper vans.?

govt should buy the lot for the homeless.

[macduffy]

May have to get Turners to sell the camper vans.?

Reminiscent of the Trans Tours episode all those years ago!

[Sideshow Bob]

Or the infected.

They could be the Corona Campers!

[Beagle]

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

Might be some cheap ex rental camper vans for sale this winter...b.y.o. disinfectant

[Gill]

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

[BlackPeter]

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

Start with page 8 of their Interims Report :

http://nzx-prod-s7fsd7f98s.s3-websit...130/317772.pdf

[blackcap]

Start with page 8 of their Interims Report :

http://nzx-prod-s7fsd7f98s.s3-websit...130/317772.pdf

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.