The company says FY 24 will (among other initiatives) be focused on '(its) path to profitability.' This doesn't suggest it will deliver NPAT in FY 24, but it is very much still in a growth phase.
Excellent increase in median bookings to A$1733 against $1240 in FY 22.
Gross profit margin has risen to 68 per cent.
The insurance becoming MyWay (and apparently fixing what's said to be unsatisfactory insurance historically available in Spain) sounds pleasing. CHL appears to be trying to be vertically integrated.
I'd like others' comments on the takeup rates and costs to owners and hirers as I lack the knowledge to compare to alternatives.
Future looks quite good, although performance of the UK and European economies may be a problem. However if if has resulted in many trading down from an overseas holiday during the European summer that's about to conclude, this will have been good for CHL.
CHL Price at posting:
$2.20 Sentiment: Hold Disclosure: Held
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