Tourism Holdings Ltd Conference Call Transcript
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.
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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