Trading update issued by Tourism Holdings today:
http://nzx-prod-s7fsd7f98s.s3-website-ap-southeast-2.amazonaws.com/attachments/THL/354517/324286.pdf
Encouraging pick up in vehicle sales in May and early June, particularly in the United States. Domestic rental activity picking up but at a daily rate that doesn't deliver much value to shareholders.
Market not to excited on debt levels increasing due to operating losses and slow down on vehicle sales from earlier projection. Not surprisingly, no suggestion that THL are looking at any acquisitions!
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