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03-09-2020, 08:14 AM
#3751
 Originally Posted by Blue Skies
Auckland rental car fleet up in flames, what a year for THL !
Well, yes, though can't stop wondering whether this is another problem for them or a potential solution to their problem?
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"Prediction is very difficult, especially about the future" (Niels Bohr)
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03-09-2020, 08:15 AM
#3752
Originally Posted by Blue Skies
Auckland rental car fleet up in flames, what a year for THL !
If insurance fronts up could be a blessing in disguise.
At the top of every bubble, everyone is convinced it's not yet a bubble.
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03-09-2020, 08:18 AM
#3753
Originally Posted by BlackPeter
Well, yes, though can't stop wondering whether this is another problem for them or a potential solution to their problem?
Without casting aspersions on thl when things like this i always think of the financially stressed joiners who accidentally leave oily rags in the pile of sawdust when they go for the night.
Mechanics use the the same trick
Last edited by winner69; 03-09-2020 at 08:37 AM.
At the top of every bubble, everyone is convinced it's not yet a bubble.
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03-09-2020, 08:22 AM
#3754
On TRA thread they say its not thl things ablaze (or tra)
At the top of every bubble, everyone is convinced it's not yet a bubble.
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03-09-2020, 08:25 AM
#3755
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03-09-2020, 08:36 AM
#3756
So it was thl
Insurance on case already
https://www.nzx.com/announcements/359142
At the top of every bubble, everyone is convinced it's not yet a bubble.
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03-09-2020, 08:56 AM
#3757
Member
Approx 10 motorhomes destroyed out of 200 odd on site. Main building is a write off looking at footage on stuff - https://www.stuff.co.nz/national/300...south-auckland
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03-09-2020, 10:08 AM
#3758
Member
"It is a large building. Nearly 80 metres by 100 metres. There is campervans and various workshops and things inside the building," said Area Commander Auckland City Richard Twomey.
If the insurance fully covers the replacement value, then THL will get approximate $3,000x (100x80) = $ 24,000,000 insurance paid out for building plus equipment, 10 campervans.
Not sure who is the land owner, THL can shutdown that site directly and save some costs. The news said that they moved campervans to other site.
It is not that bad. They eventually will have large amount of cash.
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03-09-2020, 10:24 AM
#3759
Originally Posted by flyinglizard
"It is a large building. Nearly 80 metres by 100 metres. There is campervans and various workshops and things inside the building," said Area Commander Auckland City Richard Twomey.
If the insurance fully covers the replacement value, then THL will get approximate $3,000x (100x80) = $ 24,000,000 insurance paid out for building plus equipment, 10 campervans.
Not sure who is the land owner, THL can shutdown that site directly and save some costs. The news said that they moved campervans to other site.
It is not that bad. They eventually will have large amount of cash.
You sure they own the building?
Annual Report only mentions Waitomo under Land and Buildings
At the top of every bubble, everyone is convinced it's not yet a bubble.
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03-09-2020, 10:32 AM
#3760
Member
Originally Posted by winner69
You sure they own the building?
Annual Report only mentions Waitomo under Land and Buildings
If they do not own the building, then my above assumption is failed. They only have the paid out for 10 campervans, equipment and other things. They will shutdown the factory, maybe some job cuts. Anyway, I will hold and wait for the second announcement regards to the resolution of the insurance claim.
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