TRA - Turners Automotive Group [previously TNR - Turners Limited]

[percy]

Turners will be buying the cheap ones for Carly or whatever it’s called

The way I heard Todd, it sounded like the rental car companies will "partner" Turners and provide some vehicles for Carly.

[Baa_Baa]

The way I heard Todd, it sounded like the rental car companies will "partner" Turners and provide some vehicles for Carly.

Carly NZ pushed out to Sept quarter (9-12 months later than planned), from the Collaborate update today. So five months away, not going to have any short to medium term effect on utility of the excess vehicles stocks. They’re pretty happy about the ‘development’ revenue as well (from Turners).

[percy]

Carly NZ pushed out to Sept quarter (9-12 months later than planned), from the Collaborate update today. So five months away, not going to have any short to medium term effect on utility of the excess vehicles stocks. They’re pretty happy about the ‘development’ revenue as well (from Turners).

Did you zoom in with Aaron and Todd.?
I will repeat "The way I heard Todd,it sounded like the rental companies will "partner" Turners and provide some vehicles for Carly."
I take that it will be now in September,from the CL8 announcement..

[Baa_Baa]

Did you zoom in with Aaron and Todd.?
I will repeat "The way I heard Todd,it sounded like the rental companies will "partner" Turners and provide some vehicles for Carly."
I take that it will be now in September,from the CL8 announcement..

Yes percy that’s the business model of Carly to partner with vehicle ‘suppliers’ that fulfill the supply side. So stand to reason that Turners is basically the underwriter with a supply base, supplemented by other car yards in time, rental companies and punters. The challenge in the shorter term is that Carly won’t be online for some months, way longer than intended. Medium term as Collaborate figured out, it’s not about supply, it’s about demand. Turners will able to meet demand in Toto for ages as the demand side is built.

I’m hopeful that the investment works out they’ve sunk millions into this, but having followed Collaborate for years, I know it’s a long game punt on a travel / ownership mode shift to subscription and don’t expect this entirely new business model of ride subscriptions to contribute meaningful revenue to turners for many years, even if it works out, which is far from guaranteed.

[percy]

Yes percy that’s the business model of Carly to partner with vehicle ‘suppliers’ that fulfill the supply side. So stand to reason that Turners is basically the underwriter with a supply base, supplemented by other car yards in time, rental companies and punters. The challenge in the shorter term is that Carly won’t be online for some months, way longer than intended. Medium term as Collaborate figured out, it’s not about supply, it’s about demand. Turners will able to meet demand in Toto for ages as the demand side is built.

I’m hopeful that the investment works out they’ve sunk millions into this, but having followed Collaborate for years, I know it’s a long game punt on a travel / ownership mode shift to subscription and don’t expect this entirely new business model of ride subscriptions to contribute meaningful revenue to turners for many years, even if it works out, which is far from guaranteed.

Thought I heard it correctly.
From what I have seen,heard and read, Todd feels very confident that the timing is right for Carly.
I do not have an opinion,other than I think Turners are right to try this subscription model.
It will either work or it will not work.

[Baa_Baa]

Thought I heard it correctly.
From what I have seen,heard and read, Todd feels very confident that the timing is right for Carly.
I do not have an opinion,other than I think Turners are right to try this subscription model.
It will either work or it will not work.

Yeah it’s an interesting play, getting in early on Transport mode shift from ownership to subscription, but it’s the long game and will involve ongoing investment for possible quite a longtime to realise returns to shareholders. If ever, as is strategic experiments. As you say though, and I hope you don’t mind me paraphrasing, even a few mill into this experiment is a rounding error in the scheme of things.

[bull....]

carly wont make any serious money for years if ever. you only need to look at the share price of cl8 to know this company is rubbish and is valued by the market that way

[percy]

carly wont make any serious money for years if ever. you only need to look at the share price of cl8 to know this company is rubbish and is valued by the market that way

You could be right.
I thought the same in the bookshop when we installed eftpos on a trial basis.Hopeless, we had to get off the phone whenever someone wanted to pay using it.
In the end we took it out as it caused too many issues.
And yes at a later stage we reinstalled it with a separate phone line ,and the result, as we all know is now history.
Whether car subscription works or not we will have to wait and see.
Perhaps coming out of the CoronaVirus may be the perfect time for it to work.? Certainly the way we think and do things has changed.
As a shareholder of Turners I would be very upset if they did not try it.

[bull....]

You could be right.
I thought the same in the bookshop when we installed eftpos on a trial basis.Hopeless, we had to get off the phone whenever someone wanted to pay using it.
In the end we took it out as it caused too many issues.
And yes at a later stage we reinstalled it with a separate phone line ,and the result, as we all know is now history.
Whether car subscription works or not we will have to wait and see.
Perhaps coming out of the CoronaVirus may be the perfect time for it to work.? Certainly the way we think and do things has changed.
As a shareholder of Turners I would be very upset if they did not try it.

sure worth a crack , but people owning there own car is part of the way of life almost an extension of ones self. also i mentioned long ago on here they do not have the financial muscle to take on the big players in this segment if it did take off

[stoploss]

sure worth a crack , but people owning there own car is part of the way of life almost an extension of ones self. also i mentioned long ago on here they do not have the financial muscle to take on the big players in this segment if it did take off

Problem is these days Bull , young people are happy living in the city in apartments. There are plenty of apartment buildings in Wellington being consented with No carparks . Sure some will rent one somewhere else but a lot do not have a car day to day . So this model will be ideal , just thinking about our current situation . We have had 4 cars in the driveway for the 5 weeks, one car has done maybe 50K in that time, bit of a waste of capital .
Carly sounds like a good option , something has to happen to all those rental cars the tourists aren't hiring ......