-
14-09-2020, 11:11 AM
#3761
A nice profit upgrade and debt below projected
-
14-09-2020, 12:02 PM
#3762
Originally Posted by Arthur
A nice profit upgrade and debt below projected
pdated FY20 guidance
14/9/2020, 11:01 amMKTUPDTE14 September 2020
MEDIA | NZX RELEASE
TOURISM HOLDINGS LIMITED (thl)
UPDATED FY20 GUIDANCE
thl advises that it expects its underlying net profit after tax for the financial year ending 30 June 2020 (FY20) will be approximately $20 million. This compares to thl’s previous guidance range of $17.5 - $19.5 million, as released on 25 June 2020.
This underlying result excludes the impact from a number of one-off items, including the partial Togo exit undertaken in March 2020 which resulted in a one-off gain of $9.3M including tax and foreign exchange benefits, a one-off tax benefit of $1.1M in the USA and the write-off of $3.1 million of goodwill attributed to Kiwi Experience. thl’s FY20 statutory net profit after tax, which is inclusive of these one-off items, is expected to be approximately $27 million.
thl’s net debt (bank borrowings less cash and cash equivalents) as at 30 June 2020 was approximately $128 million. This compares to earlier expectations of net debt of approximately $133 million, as noted in thl’s market release on 31 July 2020. The variance was primarily attributable to the continued outperformance of vehicle sales, particularly in the United States.
thl will be releasing its financial results for FY20 on Friday, 18 September 2020.
ENDS
-
14-09-2020, 02:19 PM
#3763
Member
very good communicator, clear and detailed guideline has been given, better than other company's announcements. Only need to concern goodwill for FY20 & FY21( fire accident damage) and vehicle sales for FY21. Go THL!
-
14-09-2020, 02:43 PM
#3764
Originally Posted by flyinglizard
very good communicator, clear and detailed guideline has been given, better than other company's announcements. Only need to concern goodwill for FY20 & FY21( fire accident damage) and vehicle sales for FY21. Go THL!
Jeez they are only quoting from the report that's coming out in a day or so
Couldn't really call it 'guidance' - its what's going to be (and its only as at June 30th)
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
-
14-09-2020, 02:44 PM
#3765
Originally Posted by flyinglizard
very good communicator, clear and detailed guideline has been given, better than other company's announcements. Only need to concern goodwill for FY20 & FY21( fire accident damage) and vehicle sales for FY21. Go THL!
It will be interesting to see how much of their profit is coming from their booming 2nd hand vehicle sales, which will need to be replaced at some stage in the future if all goes well.
-
14-09-2020, 03:10 PM
#3766
Originally Posted by iceman
It will be interesting to see how much of their profit is coming from their booming 2nd hand vehicle sales, which will need to be replaced at some stage in the future if all goes well.
I've been sniffing around their so called great new Zealand campervan sale https://greatnzmotorhomesale.com/
I have yet to see anything that represents a really good buy.
Last edited by Beagle; 14-09-2020 at 03:16 PM.
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
-
14-09-2020, 04:31 PM
#3767
A tourism company with a PE of about 12 in the middle of a tourism crisis, there are worse places to be invested.
-
14-09-2020, 04:49 PM
#3768
What would their earnings be without truck loads of Govt support ?
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
-
14-09-2020, 04:51 PM
#3769
Personally I am well pleased to have exited for a modest profit.
-
14-09-2020, 08:29 PM
#3770
Originally Posted by Beagle
What would their earnings be without truck loads of Govt support ?
I guess we will soon see, there aren't too many companies that haven't picked up the wage subsidy. They picked up some money for Waitomo Caves and some for quarantine operations. Next year could be when it hits the fan....
Tags for this Thread
Posting Permissions
- You may not post new threads
- You may not post replies
- You may not post attachments
- You may not edit your posts
-
Forum Rules
|
|
Bookmarks