I think this announcement speaks volumes about the 2 different business models.
One that is capital hungry and one that is capital light.
If CHL had $20m in THL shares - would they offload them?
Wouldn't need to. But when you look at THLs numbers, I dont blame them for liquidating.
- THL as of 31 Dec 23 had approx 500 vehicles (net) that they were building to increase fleet.
- Their capex to grow their fleet for the 24FY is expected to be $170m.
- They already increased their net debt position since 30 June by $118m. Ouch.
Very briefly on their Cashflow and Balance Sheet.
- At 31 Dec 23 they had $50m cash on hand (versus $77m at 30 June)
- Their operating cashflow was negative $79m in H1.
- They do have undrawn debt facilities of $240m
I dont blame THL for wanting to boost working capital. They cant wait for CHL to deliver returns when they have a pressing need now to invest in their own fleet (and obtain a return now).
Things may have gotten a little too skinny if they didnt.
It will be interesting however to see what the 'Change in Substantial Holdings' announcements will show over the coming weeks from CHL.
- Forums
- ASX - By Stock
- News: CHL Tourism Holdings Says Sells Shareholding In Camplify
I think this announcement speaks volumes about the 2 different...
-
- There are more pages in this discussion • 6 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add CHL (ASX) to my watchlist
(20min delay)
|
|||||
Last
$1.30 |
Change
0.110(9.28%) |
Mkt cap ! $92.59M |
Open | High | Low | Value | Volume |
$1.19 | $1.30 | $1.18 | $109.3K | 91.58K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 20646 | $1.25 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.31 | 476 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 20019 | 1.200 |
1 | 1000 | 1.190 |
1 | 1200 | 1.175 |
4 | 13200 | 1.150 |
1 | 2714 | 1.105 |
Price($) | Vol. | No. |
---|---|---|
1.310 | 476 | 1 |
1.355 | 4000 | 1 |
1.380 | 648 | 1 |
1.390 | 8436 | 1 |
1.400 | 10312 | 1 |
Last trade - 15.32pm 27/09/2024 (20 minute delay) ? |
Featured News
CHL (ASX) Chart |