Ann: HLO Trading Update for March Quarter 2024, page-147

There seems to be a lot of angst on this thread lately with not a lot of logic being applied. As LTH who have traded for profit in the past but not for loss it appears to me to be an opportune time to add to holdings rather than to reduce them. Its true the market price prior to the announcement had baked in existing analysis and not expected what was reported and a number of investors have decided to get out. Reflection on that report indicates that improving TTR and ebit was unlikely given current conditions around the world that affects traveller confidence (a US study indicated>70% of travellers were concerned with the the USSR/Ukraine conflict) and more recent other conflicts will likely cause similar concern. I know it has affected our travel plans. However these concerns will resolve over time and in my view at a PE of less than 10 it is way below where other travel stocks rate, it would be a good time for a buyback if funds allow in my opinion as CTD and FLT are doing, this would shore up the price. The other issue that is probably affecting the share price is tax time stock loss management but this again will pass. Obviously everyone must make their own judgements but we will be buyers at these depressed values.
DYOR