I think this company is not the same with the new Chairman.
Quote:
Originally Posted by
benjitara
I find the P/EPS to be disconcerting with this stock. They may have market share in new Zealand and growth opp overseas but to me a P/EPS of 30 or so indicates a much more robust outlook than they could possibly be confident in achieving.
“
We will deliver a proper commercial return of funds employed and we will do so no later than the end of
the 2015 financial year,” he said. Rob Campbell in Media Release today.
So proper commercial return of funds employed one would think has to be a minimum of 8.4%.
Total assets as per 2013 annual report 330mil.
So it seems to me that potentially THL is expected to make 27mil plus profit.
Market cap after today SP rise to $1.00 is about $110mil.
So if my fate is correct in the media release 2015 forward looking P/E 110mil/27mil just over 4.
Yes this would be a big improvement for THL but remember THL US is already returning 8.4% on assets and the Chinese are expecting to extent the peak season for NZ tourist companies as their holiday season does not exactly overlap other markets.