thl must be stretching their credibility a bit.
- The $50m Profit target well and truly gone out the window ...even though they say underlying business should achieve this in 2021
- The never announced profit target ‘well in excess of the $50m’ obviously just a tease
- Big global acquisitions put on the back burner for now as things are just too expensive (implies thl current value is just too high as well)
- Nobody wanted to pay over the odds for their NZ tourism businesses
Suppose investors need to keep the faith and continue to believe the th2 initiative reaps huge rewards in due course after a period of significant amounts of cash being pumped into it
But I fear that ‘immediate’ and ‘decisive’ reviews generally don’t have good outcomes ...esp when a capital review are also mentioned in the same sentence
Hope the bargain hunters did get a bargain on Thursday