Its okay mate. I think many of us have thrown around money on ill advised recreational / luxury items and learned some interesting lessons the hard way :)
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thl saying something ...not too bad
At least they have an excuse now for falling profits ...but FY21 looking promising
http://nzx-prod-s7fsd7f98s.s3-websit...998/316214.pdf
Expected NPAT F20 now $24m (probably the first best guess) - last year $30m
Suppose not too bad ..only 20% down
Probably all this new built into the share price already ..market rather forgiving
But don’t forget thl’s Book Value is $1.90 odd
there next results mid yr will be the ugly ones
there will be no problem whatsoever disposing of surplus camper vans.
All it will take is for Rob Campbell to suggest to Jacinda, that instead of paying $140 a nite, which is $51100 pa to put homeless into motels, that she buy up some campers, and the homeless can park up in a hotel or casino carpark, or near a tinny house or beach reserve near you, think of the savings...
Local councils are racing each other to set up facilities for freedom campers, Taupo even has 3 rangers who do nothing else but check on the welfare of freedom campers, so the master plan is complete.
Shane Jones might even throw in some regional cash to speed things up.
The Chinese who recently paid @ $4 per share will prop up any surplus by sending a few to stay at vans stationed at Wanaka & Queenstown waterfronts.
All it takes is a wee bit of lateral thinking.
Everyone should buy a campervan from thl and head for the hills. Campervans would be the ideal home when the "walking dead" arrive.
In any case, at least they are making a profit in difficult times, can see an upside when things improve.
I'm wondering what happens in a few weeks when they announce their profit and also announce a cut to the dividend. I'm not saying it will happen but how long can they go paying out more in dividends than they are making in profits? Cash will take a hit with $24m in profit and $35m in dividends. Or maybe I'm missing something.