A director at Tourism Holdings Limited maiden bought 30,000 shares at 1.780NZD and the significance rating of the trade was 69/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last ...
The independent financial analyst theScreener just slightly lowered the general evaluation of TOURISM HOLDINGS (NZ), active in the Transportation Services industry. As regards its fundamental valuation, the title confirms its rating of 4 out of 4 stars while its market behaviour remains unchanged and can be qualified as defensive. However, a marginally less favourable environment forces theScreener to downgrade slightly the title, which now shows an overall rating of Slightly Positive. As of the...
Full Article at IIR has reaffirmed its Recommended rating for PIA after undertaking a review post the appointment of a new Portfolio Manager, Harding Loevner. The full report can be found on the IIR website. On 26 July 2021, Pengana International Equities Limited (PIA) announced a fully franked dividend of 1.35 cents per share for the June quarter. This represents an 8% increase on the March quarter dividend and takes the total dividends declared for FY21 of 5.1 cents per share, fully franked....
Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind...
Tourism Holdings’ (THL’s) FY16 NPAT of NZ$24.4m was in line with company guidance, 21% ahead of FY15 and 1.3% below our forecasts. The company grew EPS by 20.5% and has restored ROCE to 15.1% (FY15: 12.9%), which compares with its targeted long-term average of 14%. The dividend of 19 cents per share (50% imputed) is a 26.7% increase on FY15. THL has not given specific guidance for FY17 and, in line with previous years, further guidance will be provided at the Annual Meeting on 18 October 2016. T...
Tourism Holdings (THL) provides exposure to the buoyant tourist markets of New Zealand (NZ) and Australia. In 2015, in-bound visitor numbers were up 9.7% in NZ and 8.2% in Australia. In both markets visitors from China showed the strongest growth. This trend continues in 2016. THL’s focus will remain on innovative ways to reduce the capital costs in the business and achieve a long-term average company-wide ROCE target of 14%. Our forecasts show FY16 ROCE reaching 16.2% and improving thereafter...
Tourism Holdings’ (THL) H116 results (NPAT of NZ$8.2m up 45% on H115, interim dividend NZ$0.09 up 28.5%) and its ~10% lift in forecast FY16 NPAT guidance to ~NZ$24m provide proof of the success of its strategy to right size the fleet, optimise capital employed and position the business to take advantage of the strong tourism market in Australia and NZ. Management’s focus continues to be on optimising capital employed in the business and achieving a long-term average company-wide ROCE target ...
At its Annual Meeting Tourism Holdings (THL) provided guidance for FY16 of NZ$37m EBIT and NZ$22m NPAT. This is an expected annual increase in NPAT of 10%. THL reported that the tourism markets in its key markets of New Zealand and Australia remain strong and that ongoing focus on cost reduction, improved efficiency and innovative ways to reduce capital costs are expected to drive ROCE. The company expects to achieve its long-term average ROCE of 14% in FY16. Our FY16 EBIT forecasts EBIT are unc...
Tourism Holdings (THL) announced an FY15 NPAT of NZ$20.1m (guidance range NZ$19.5-20m). The result showed improved ROCE of 13.3% (the company’s target is at least 14%), which was 2.6x better than the returns of just two years ago. The improved result was achieved from a combination of solid top-line growth of 4%, fleet optimisation, improvements in manufacturing and reduced operating costs. We expect a continuation of solid tourism growth (~5%), more operating efficiencies and a flow-through f...
Tourism Holdings' (THL) H115 results and confirmation of FY15 NPAT guidance of more than NZ$17m show the company is making good progress on achieving its key strategic goal of restoring return on capital employed (ROCE). Following the declaration of a NZ$0.07 per share interim dividend, we have increased our dividend forecast for FY15 from NZ$0.12 per share to NZ$0.145 per share and maintained a payout ratio of between 89% and 95% for the forecast period.
Tourism Holdings (THL) continues to deliver on its commitment to reduce capital employed, cut costs and rein in debt. FY15 NPAT forecasts have been upgraded from more than NZ$15m to more than NZ$16m, which is 44% more than FY14. Restoration of acceptable ROCE (defined by the board as 14%) is well underway with all divisions except NZ set to achieve this target by the end of FY15. We have therefore unwound part of our execution discount to the market and the peer group and increased our valuation...
Tourism Holdings (THL) is a New Zealand-based provider of tourism products for the ‘roam free’ free independent traveller (FIT) market. It has operations in New Zealand, Australia and the US. Its main product is motorhome rental and it also offers attractions and guided tours in New Zealand. THL has a rejuvenated board and is on a journey to restore return on capital employed (ROCE) to 14%, after a period where overcapacity in the New Zealand market reached 25% and THL’s FY13 ROCE fell to ...
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