Tourism Holdings Ltd Conference Call Transcript

May 06, 2024 / 12:00AM GMT
Operator

Good day and thank you for standing by, and welcome to Tourism Holdings Limited conference call. (Operator Instructions) Please be advised that today's conference is being recorded.

I would now like to hand the call over to your first speaker today, Mr. Grant Webster, CEO. Thank you. Please go ahead.

Grant Webster - Tourism Holdings Ltd - Chief Executive Officer and Managing Director

Thank you, [Jason]. Thank you, everybody. Good afternoon. Appreciate everybody attending at short notice, and it's obviously a very challenging change in expectations for THL.

Look, I will start by just noting that this isn't like a COVID-19 period. It's not a GFC. We noted the trading loss to our balance sheet and position. The market is still strong, and we believe we've got a positive outlook in front of us. Nevertheless, we feel the pain of the disappointment of this change in expectations as much as everybody else will. We have hit a very challenging start to Q4 in a dramatic change in every expectations. I reiterate the long-term objectives and state of the

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