THL - Tourism Holdings

[Filthy]

https://www.nzx.com/announcements/359966 - impressive result in a tough environment...

[Lease]

It's amazing US RV sales are particularly strong. Net debts now have been down to only $75M. Excellent results.

[Waltzing]

"It's amazing US RV sales are particularly strong" travel across the US is considered safer in an RV rather than flying for your holidays.

[flyinglizard]

"It's amazing US RV sales are particularly strong" travel across the US is considered safer in an RV rather than flying for your holidays.

The USA vehicle sales business achieved revenue growth of 68% (in USD) in the last four months of FY20 compared to the pcp. I noticed that US sales

From annual reports, New Business Model


- not only Managed Facility in nz, THL achieves States Managed Facility in the United States.
- Mobile Offices (Maybe some used in US election campaign? how about NZ?)
- Mobile Diagnostics
- Remote Project and Seasonal Worker Accommodation


The highlights

- THL has strong PR with governments and agencies
- Quickly response to dramatic market environment change, thinking of how fast they decided to withdraw the investment in Togo.
- Quickly changed business strategy, from built-rent-sale to excessive sales of vehicles
- Quickly response to fire accident, the same day setup new site and temp office
- Transparency


Sad to say that, more mess that US has, more sales that THL will achieve. Maybe Americans more likely to visit family members in long haul by caravan than train or airplane during pandemic, and more likely they may use caravan to do a domestic travel, considering their caravan culture background.



1st July 2020 - 31th Aug 2020, Revenue of NZ increased by 119%, AUS by 65%, US by 167%, compared with FY2020. That is first month of FY21 !

Next tests would be

- fire accident assessment and insurance response
- Q1 FY2021 market updates if any
- NZ market sales target of 1500+

This one should be the leader of tourism sector recovery if they pass all tests.

[Waltzing]

"1st July 2020 - 31th Aug 2020, Revenue of NZ increased by 119%, AUS by 65%, US by 167%, compared with FY2020. That is first month of FY21 !"

share price should double on the last post alone!!! Cheers

DISC: sold out at its peak, re entered stock with a small position to trade.

[Southern Lad]

Jucy Rentals Australian and New Zealand rental assets and business has been sold to Polar Capital (Colin Neal) and David Cushing with the carcass (including Jucy Snooze, JucyCriuse, Jucy USA, Jucy UK, Your Drive and Lucky Rentals) being put into receivership. The Alpe's are off to do other things.

https://www.stuff.co.nz/business/123397179/jucy-rentals-business-calls-in-receivers-but-sale-of-brand-saves-150-jobs

While no doubt Jucy hasn't had access to capital over the years in the same way that THL as a listed company has, it does point to the THL board and management having done a good job to navigate 2020 as well as they have.

Polar Capital appears to have a penchant for acquiring businesses that have got into trouble (i.e. Smiths City). Presumably risky investments but the upside will be significant if they can turn the businesses around.

[Balance]

Sad commentary on the state of the tourism, travel & rental industry - have used Jucy on various occasions and thought they were good operators - fair price and good service.

[flyinglizard]

The low price rental caravan promotion from THL may have made the final kill to Jucy.

When we look back, THL business strategy change and Covid responses are outstanding.

THL back to $4 soon.

[winner69]

Suppose Thl have a few years to get rid of toiletless campervans

https://www.stuff.co.nz/travel/news/...-selfcontained

[Waltzing]

CNBC this morning - RV Boom continues in the states with the supply chain broken... same goes for water recreation craft.. supply chain under pressure to supply.