hopefully found support on monday
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hopefully found support on monday
big seller seem to be finished offloading
https://nzx.com/companies/THL/announcements/263677
With recent trading results in New Zealand and the USA in particular, thl has upgraded the FY15 year-end forecast Net Profit After Tax (NPAT) from “at least $17M”, released in December 2014, to between $19.5M and $20.0M.
Hopefully this piece of news helps to boost the share price.
Any ideas what the strategic review may bring?
https://www.nzx.com/companies/THL/announcements/263676
some sort of share split to increase liquidity?
Combined with the aggressive and specific profit upgrade my gut instinct is the Board are concerned of an opportunistic approach to acquire them, maybe from private equity. Specific profit upgrade, as opposed to previous more general statements (although accept this could just be because we are nearing the end of the 12 mth period and they have more clarity) and the engagement of FNZ suggests to me there is more to this and they are concerned about being picked off at a current (FY15) PE of 9 which could be 7-8 by end of FY16.
Definitely a cheap company in a market pricing a lot of companies at 12-18 times earnings!
computer playing tricks on me - can see my earlier post now...
A buy back more likely in my opinion but only guessing - the other issue they mention though is liquidity so a buy back will help one side of that equation but not long term liquidity
https://www.nzx.com/companies/THL/announcements/263676[/QUOTE]
certainly it is a possible takeover approach around this pe...,good future prospects
this profit upgrade should be done in july rather than now in the past