Automotive Holdings Update on ASIC Reforms on Finance and Insurance Commissions; FVE Unchanged
Automotive Holdings does not expect a material impact on fiscal 2017 earnings based on its current understanding of the timetable of ASIC’s proposed reforms to finance and insurance commission arrangements for car dealers. Our AUD 4.60 per share fair value estimate is unchanged, as are our narrow moat and high uncertainty ratings. Automotive is currently trading around 7% below our fair value estimate.ASIC's proposed reforms have not been finalised. However, based on current indications, Automo...
Automotive Holdings Group is an automotive retailing group in Australasia. Co. has two logistics divisions: Automotive, which operates passenger vehicle and truck and bus dealerships in Queensland, New South Wales, Victoria and Western Australia, and passenger vehicle dealerships in Auckland, New Zealand and Refrigerated Logistics, which provides cold storage and transport operations in every Australian mainland state through Rand, Harris, Scott's Refrigerated Freightways and JAT Refrigerated Road Services. As of June 30, 2016, Co.'s automotive segment had 188 motor vehicle franchises at 108 dealership locations operating within Australia and New Zealand.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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