Forum Archive Index - February 2001

["christie" <bayvu@ihug.co.nz>]

Depends on whether THL was fairly priced, in your opinion, before the
announcement that forecast earnings were slashed by around 30%. If you think
yes..then maybe THL is worth even less...say $1-25/$1-30..the market will
decide. Cheers G.  (Discl. hold THL)
-----Original Message-----
From: Mick Clifton <Mick.Clifton@eskimo.co.nz>
To: 'sharechat@sharechat.co.nz' <sharechat@sharechat.co.nz>
Date: Tuesday, 13 February 2001 12:09
Subject: RE: [sharechat] THL - latest


HEY GUYS
Is the result that bad to effect the share price by 39cps?????
any comments please.
rgds Mick

-----Original Message-----
From: Matthew Van Veen [mailto:mattvanveen@hotmail.com]
Sent: Monday, 12 February 2001 17:51
To: sharechat@sharechat.co.nz
Subject: [sharechat] THL - latest


Just read this on Net Broker.

Tourism Holdings Limited Announcement  (issued @ 4:59pm)
THL12/02/2001GEN REL: 1659 HRS Tourism Holdings Limited GEN: THL: DRAFT
12/2000 RESULT & REVISED YEAR END FORECAST The Directors of Tourism Holdings

Limited have reviewed the draft December2000 result, sales figures for
January 2001 and projected forward bookingsfor the remainder of the
financial year and these results indicate that thepreviously advised year
end forecast of $21m Net Profit After Tax provided tothe market on 13
November 2000 will not be achieved and will now be in therange of $14-16
million._The unaudited draft six months result to December 2000 of $6.6m Net

ProfitAfter Tax is down $1.0m or 13% on last year's result._THL's Directors
advise that the shortfall in profit for the six months andyear end is
principally due to reduced revenues from the Australian Rentalsdivision.
For the six months to December 2000 the Australian Earnings BeforeInterest
and Tax (EBIT) were down 30% compared to last year.  The New
Zealandoperations despite a poor ski season, adverse South Island weather
and higherfuel prices previously announced, generated a 3% increase in EBIT
for the sixmonths to December 2000 compared to last year and will produce a
result aheadof last year for the full financial year._The financial position

of THL remains strong with debt reducing $39m to $103mover the year to
December 2000.  This has led to a 10% improvement over theyear in THL's
debt/debt plus equity ratio._The purpose of this announcement is to keep the

market informed as there isan Investment Statement in the market and updated

year end forecast._The full half year announcement will be made on 27
February at which timedetailed commentary on the results and year end will
be made.End CA:00063945 For:THL    Type:GEN        Time:2001-02-12:16:59:12
Encrypt:Y



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