THL

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 profit expectations.

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 counted.

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 beyond 50%.

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.