THL - Tourism Holdings

[iceman]

I don't know anymore. It's my second largest holding but I'm really getting tempted to sell down. We'll see.

Don’t !! My third biggest holding and not for sale. PE of 21.36 is based on FY17 profit, which was achieved 2 years earlier than forecast. $50 M NPAT on the way in FY2020 or a PE of around 13.3 at current SP. Dividends gone from 11c in 2014 to 21c in 2017. Should continue to grow substantially. 63% total shareholder return per annum for the last 5 years and I see no reason why it will not continue at pace, bearing in mind this is an industry that can be seriously upset by unforeseen evens such as natural disasters or terrorism. But this is a good hold in my view. DYOR.

Discl. My 3rd biggest holding and happily so.