Tourism Holdings Ltd has slipped into a $500,000 half-year
loss as it perseveres with its long-running restructuring
programme and yesterday downgraded its full-year after-tax
Tourism Holdings director John Bongard was voted off the
board at the annual meeting this week when a technicality saw
28% of the company's ordinary votes declared invalid and not
Vehicle-rental bookings for Tourism Holdings are dropping off
towards the end of the Rugby World Cup, suggesting fans are
not staying on after the tournament.
Tourism Holdings Ltd directors will talk to Ballylinch to see
if the company will increase its takeover offer, THL chairman
Keith Smith says.
A $32.4 million takeover offer for Tourism Holdings has been
criticised as too low, as New Zealand-based investment
company Ballylinch seeks to take its stake from 19.1% to
Tourism Holdings Ltd, at present under a $32.3 million
takeover bid, has appointed an independent advisory company
to consider the offer.
A $32.3 million takeover offer to gain a controlling stake in
campervan rental company Tourism Holdings Ltd prompted a more
than 16% share spike yesterday.
Debt reduction and a dividend repayment from listed Tourism
Holdings reflect positive signs for the year ahead, albeit
still in challenging times for the tourism sector.
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