The slashed earnings forecast for Tourism Holdings is largely due to sinking vehicle sales.

The dual-listed camper van and tourism company now expects net profit for the year to be around $53 million, instead of $75 million.

Stock value dropped 32% following the news.

Chief Executive Grant Webster told Mike Hosking that when it comes to tourism, the peak season is still looking positive.

But he says the current winter season has been down more domestically than expected.

LISTEN ABOVE

The slashed earnings forecast for Tourism Holdings is largely due to sinking vehicle sales. 
The dual-listed camper van and tourism company now expects net profit for the year to be around $53 million, instead of $75 million. 
Stock value dropped 32% following the news. 
Chief Executive Grant Webster told Mike Hosking that when it comes to tourism, the peak season is still looking positive. 
But he says the current winter season has been down more domestically than expected. 
LISTEN ABOVE

Open your mind to the world with New Zealand’s number one breakfast radio show.

Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda.

The sharpest voice and mind in the business, Mike drives strong opinion, delivers the best talent, and always leaves you wanting more.

The Mike Hosking Breakfast always cuts through and delivers the best daily on Newstalk ZB.

Open your mind to the world with New Zealand’s number one breakfast radio show. Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda. The sharpest voice and mind in the business, Mike drives strong opinion, delivers the best talent, and always leaves you wanting more. The Mike Hosking Breakfast always cuts through and delivers the best daily on Newstalk ZB.

Open your mind to the world with New Zealand’s number one breakfast radio show.

Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda.

The sharpest voice and mind in the business, Mike drives strong opinion,...

The Mike Hosking Breakfast

Grant Webster: Tourism Holdings Limited CEO on the drop in the company's shares

The National Public Health Service is exactly what's wrong with this country.

The Health Minister, who shouldn't have had to, intervened in their submission to the district council looking at the application for McDonald's in Wanaka.

Why was the health service offering a submission? Because the council asked them to.

So who is more at fault (the answer is of course both of them), the council for creating work and waste, or the service for creative work and waste?

The health service, among other things, talk of health. They talked of health in the wildest of contexts, like the World Health Organisation context, which essentially means anything can be dragged into the health sphere if you are determined.

And my word, were they determined.

They won't be in future because Shane Reti told them to stop wasting everyone's time.

The irony of the outcome is the submission wasn’t even correct, hinting perhaps that these people have little, if any, knowledge of what they are actually doing and simply fill their days with pointless exercises.

They sighted Te Tiriti of course. What Te Tiriti has to do with fries and a chocolate shake, I have no idea, and I suspect they don’t either. But that is why all this is so criminal.

Te Tiriti is everywhere for no particular purpose. Its overreach has reached the point of absurdity.

So hundreds of submissions, days of hearing, the Treaty and a Government department admonished by the minister. That is why nothing gets done and that is why the country is in the state it is.

These people want to sell a hamburger. They want to employ locals, they want to contribute to the growth of the community and they want to pay their tax.

They simply want to do business.

Why is the industry and apparatus in not doing business so vast, so complicated, so expensive and so wasteful?

And who is blowing it up?

LISTEN ABOVE

<p style="-webkit-user-drag: none; -webkit-tap-highlight-color: transparent; margin: 0px 0px 10.6667px; padding: 0px; user-select: text; overflow-wrap: break-word; white-space: pre-wrap; vertical-align: baseline; font-kerning: none; background-color: transparent; color: windowtext; text-align: left; text-indent: 0px;">The National Public Health Service is exactly what's wrong with this country.
<p style="-webkit-user-drag: none; -webkit-tap-highlight-color: transparent; margin: 0px 0px 10.6667px; padding: 0px; user-select: text; overflow-wrap: break-word; white-space: pre-wrap; vertical-align: baseline; font-kerning: none; background-color: transparent; color: windowtext; text-align: left; text-indent: 0px;">The Health Minister, who shouldn't have had to, intervened in their submission to the district council looking at the application for McDonald's in Wanaka.
<p style="-webkit-user-drag: none; -webkit-tap-highlight-color: transparent; margin: 0px 0px 10.6667px; padding: 0px; user-select: text; overflow-wrap: break-word; white-space: pre-wrap; vertical-align: baseline; font-kerning: none; background-color: transparent; color: windowtext; text-align: left; text-indent: 0px;">Why was the health service offering a submission? Because the council asked them to.
<p style="-webkit-user-drag: none; -webkit-tap-highlight-color: transparent; margin: 0px 0px 10.6667px; padding: 0px; user-select: text; overflow-wrap: break-word; white-space: pre-wrap; vertical-align: baseline; font-kerning: none; background-color: transparent; color: windowtext; text-align: left; text-indent: 0px;"><span style="-webkit-user-drag: none; -webkit-tap-highlight-color: transparent; margin: 0px; padding: 0px; user-select: text; background-position: 0px 100%; background-repeat: repeat-x; background-image: var(--urlContextualSpellingAndGrammarErrorV2,); border-bottom: 1px solid transparent;">So who is more at fault (the answer is of course both of them), the council for creating work and waste, or the service for creative work and waste?
<p style="-webkit-user-drag: none; -webkit-tap-highlight-color: transparent; margin: 0px 0px 10.6667px; padding: 0px; user-select: text; overflow-wrap: break-word; white-space: pre-wrap; vertical-align: baseline; font-kerning: none; background-color: transparent; color: windowtext; text-align: left; text-indent: 0px;">The health service, among other things, talk of health. They talked of health in the wildest of contexts, like the World Health Organisation context, which essentially means anything can be dragged into the health sphere if you are determined.
<p style="-webkit-user-drag: none; -webkit-tap-highlight-color: transparent; margin: 0px 0px 10.6667px; padding: 0px; user-select: text; overflow-wrap: break-word; white-space: pre-wrap; vertical-align: baseline; font-kerning: none; background-color: transparent; color: windowtext; text-align: left; text-indent: 0px;">And my word, were they determined.
<p style="-webkit-user-drag: none; -webkit-tap-highlight-color: transparent; margin: 0px 0px 10.6667px; padding: 0px; user-select: text; overflow-wrap: break-word; white-space: pre-wrap; vertical-align: baseline; font-kerning: none; background-color: transparent; color: windowtext; text-align: left; text-indent: 0px;">They won't be in future because Shane Reti told them to stop wasting everyone's time.
<p style="-webkit-user-drag: none; -webkit-tap-highlight-color: transparent; margin: 0px 0px 10.6667px; padding: 0px; user-select: text; overflow-wrap: break-word; white-space: pre-wrap; vertical-align: baseline; font-kerning: none; background-color: transparent; color: windowtext; text-align: left; text-indent: 0px;">The irony of the outcome is the submission wasn’t even correct, hinting perhaps that these people have little, if any, knowledge of what they are actually doing and simply fill their days with pointless exercises.
<p style="-webkit-user-drag: none; -webkit-tap-highlight-color: transparent; margin: 0px 0px 10.6667px; padding: 0px; user-select: text; overflow-wrap: break-word; white-space: pre-wrap; vertical-align: baseline; font-kerning: none; background-color: transparent; color: windowtext; text-align: left; text-indent: 0px;">They sighted Te Tiriti of course. What Te Tiriti has to do with fries and a chocolate shake, I have no idea, and I suspect they don’t either. But that is why all this is so criminal.
<p style="-webkit-user-drag: none; -webkit-tap-highlight-color: transparent; margin: 0px 0px 10.6667px; padding: 0px; user-select: text; overflow-wrap: break-word; white-space: pre-wrap; vertical-align: baseline; font-kerning: none; background-color: transparent; color: windowtext; text-align: left; text-indent: 0px;"><span style="-webkit-user-drag: none; -webkit-tap-highlight-color: transparent; margin: 0px; padding: 0px; user-select: text; background-position: 0px 100%; background-repeat: repeat-x; background-image: var(--urlSpellingErrorV2,); border-bottom: 1px solid transparent;">Te Tiriti is everywhere for no particular purpose. Its overreach has reached the point of absurdity.
<p style="-webkit-user-drag: none; -webkit-tap-highlight-color: transparent; margin: 0px 0px 10.6667px; padding: 0px; user-select: text; overflow-wrap: break-word; white-space: pre-wrap; vertical-align: baseline; font-kerning: none; background-color: transparent; color: windowtext; text-align: left; text-indent: 0px;"><span style="-webkit-user-drag: none; -webkit-tap-highlight-color: transparent; margin: 0px; padding: 0px; user-select: text; background-position: 0px 100%; background-repeat: repeat-x; background-image: var(--urlContextualSpellingAndGrammarErrorV2,); border-bottom: 1px solid transparent;">So hundreds of submissions, days of hearing, the Treaty and a Government department admonished by the minister. That is why nothing gets done and that is why the country is in the state it is.
<p style="-webkit-user-drag: none; -webkit-tap-highlight-color: transparent; margin: 0px 0px 10.6667px; padding: 0px; user-select: text; overflow-wrap: break-word; white-space: pre-wrap; vertical-align: baseline; font-kerning: none; background-color: transparent; color: windowtext; text-align: left; text-indent: 0px;">These people want to sell a hamburger. They want to employ locals, they want to contribute to the growth of the community and they want to pay their tax.
<p style="-webkit-user-drag: none; -webkit-tap-highlight-color: transparent; margin: 0px 0px 10.6667px; padding: 0px; user-select: text; overflow-wrap: break-word; white-space: pre-wrap; vertical-align: baseline; font-kerning: none; background-color: transparent; color: windowtext; text-align: left; text-indent: 0px;">They simply want to do business.
<p style="-webkit-user-drag: none; -webkit-tap-highlight-color: transparent; margin: 0px 0px 10.6667px; padding: 0px; user-select: text; overflow-wrap: break-word; white-space: pre-wrap; vertical-align: baseline; font-kerning: none; background-color: transparent; color: windowtext; text-align: left; text-indent: 0px;">Why is the industry and apparatus in not doing business so vast, so complicated, so expensive and so wasteful?
<p style="-webkit-user-drag: none; -webkit-tap-highlight-color: transparent; margin: 0px 0px 10.6667px; padding: 0px; user-select: text; overflow-wrap: break-word; white-space: pre-wrap; vertical-align: baseline; font-kerning: none; background-color: transparent; color: windowtext; text-align: left; text-indent: 0px;">And who is blowing it up?
<p style="-webkit-user-drag: none; -webkit-tap-highlight-color: transparent; margin: 0px 0px 10.6667px; padding: 0px; user-select: text; overflow-wrap: break-word; white-space: pre-wrap; vertical-align: baseline; font-kerning: none; background-color: transparent; color: windowtext; text-align: left; text-indent: 0px;">LISTEN ABOVE

Mike's Minute: Who is breaking up the industry stopping us from doing business?

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/3c276795-41c5-4481-97e8-b239015ea05b/transcript

The Government wants to launch the first satellite controlled by New Zealand. 

Currently we rely on satellites from "friendly countries" - such as the US and the UK. 

Options are now with MBIE – but what would a sovereign satellite mean for us?

Auckland University physics professor Richard Easther joined Mike Hosking.

LISTEN ABOVE

<p style="-webkit-user-drag: none; -webkit-tap-highlight-color: transparent; margin: 0px 0px 10.6667px; padding: 0px; user-select: text; overflow-wrap: break-word; white-space: pre-wrap; vertical-align: baseline; font-kerning: none; background-color: transparent; color: windowtext; text-align: left; text-indent: 0px;">The Government wants to launch the first satellite controlled by New Zealand. 
<p style="-webkit-user-drag: none; -webkit-tap-highlight-color: transparent; margin: 0px 0px 10.6667px; padding: 0px; user-select: text; overflow-wrap: break-word; white-space: pre-wrap; vertical-align: baseline; font-kerning: none; background-color: transparent; color: windowtext; text-align: left; text-indent: 0px;">Currently we rely on satellites from "friendly countries" - such as the US and the UK. 
<p style="-webkit-user-drag: none; -webkit-tap-highlight-color: transparent; margin: 0px 0px 10.6667px; padding: 0px; user-select: text; overflow-wrap: break-word; white-space: pre-wrap; vertical-align: baseline; font-kerning: none; background-color: transparent; color: windowtext; text-align: left; text-indent: 0px;">Options are now with MBIE – but what would a sovereign satellite mean for us?
<p style="-webkit-user-drag: none; -webkit-tap-highlight-color: transparent; margin: 0px 0px 10.6667px; padding: 0px; user-select: text; overflow-wrap: break-word; white-space: pre-wrap; vertical-align: baseline; font-kerning: none; background-color: transparent; color: windowtext; text-align: left; text-indent: 0px;">Auckland University physics professor Richard Easther joined Mike Hosking.
<p style="-webkit-user-drag: none; -webkit-tap-highlight-color: transparent; margin: 0px 0px 10.6667px; padding: 0px; user-select: text; overflow-wrap: break-word; white-space: pre-wrap; vertical-align: baseline; font-kerning: none; background-color: transparent; color: windowtext; text-align: left; text-indent: 0px;">LISTEN ABOVE

Richard Easther: Auckland University physics professor on the Government wanting to launch a fully NZ-controlled satellite

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/3aafe927-47a8-4a63-b44d-b2390152b7b0/transcript

On the Mike Hosking Breakfast Full Show Podcast for Monday the 2nd of December, Labour leader Chris Hipkins on what the party tax plans are, pulling out of AUKUS and rebuilding Dunedin Hospital.  

Mike couldn't believe the report that came out of the Manawanui handling and you won't want to miss his thoughts on it!

And he speaks to Guy and Sav for the last time this year and gives his pick for the overall Halberg Awards winner.

Get the Mike Hosking Breakfast Full Show Podcast every weekday morning on iHeartRadio, or wherever you get your podcasts.

LISTEN ABOVE

<p style="-webkit-user-drag: none; -webkit-tap-highlight-color: transparent; margin: 0px 0px 10.6667px; padding: 0px; user-select: text; overflow-wrap: break-word; white-space: pre-wrap; vertical-align: baseline; font-kerning: none; background-color: transparent; color: windowtext; text-align: left; text-indent: 0px;">On the Mike Hosking Breakfast Full Show Podcast for Monday the 2nd of December, <a href="/{localLink:umb://document/08b42ffa3c384add84a0d003e9aa0e2c}" title="Chris Hipkins: Labour leader says AUKUS is perceived internationally as part of the polarisation of regional geopolitics">Labour leader Chris Hipkins on what the party tax plans are, pulling out of AUKUS and rebuilding Dunedin Hospital.</a> &nbsp;
<p style="-webkit-user-drag: none; -webkit-tap-highlight-color: transparent; margin: 0px 0px 10.6667px; padding: 0px; user-select: text; overflow-wrap: break-word; white-space: pre-wrap; vertical-align: baseline; font-kerning: none; background-color: transparent; color: windowtext; text-align: left; text-indent: 0px;">Mike couldn't believe the report that came out of the Manawanui handling and you won't want to miss his thoughts on it!
<p style="-webkit-user-drag: none; -webkit-tap-highlight-color: transparent; margin: 0px 0px 10.6667px; padding: 0px; user-select: text; overflow-wrap: break-word; white-space: pre-wrap; vertical-align: baseline; font-kerning: none; background-color: transparent; color: windowtext; text-align: left; text-indent: 0px;">And he speaks to <a href="https://www.newstalkzb.co.nz/on-air/mike-hosking-breakfast/audio/commentary-box-black-caps-vs-england-tacko-fall-auckland-fc/">Guy and Sav for the last time this year and gives his pick for the overall Halberg Awards winner.</a>
<p style="-webkit-user-drag: none; -webkit-tap-highlight-color: transparent; margin: 0px 0px 10.6667px; padding: 0px; user-select: text; overflow-wrap: break-word; white-space: pre-wrap; vertical-align: baseline; font-kerning: none; background-color: transparent; color: windowtext; text-align: left; text-indent: 0px;">Get the Mike Hosking Breakfast Full Show Podcast every weekday morning on iHeartRadio, or wherever you get your podcasts.
<p style="-webkit-user-drag: none; -webkit-tap-highlight-color: transparent; margin: 0px 0px 10.6667px; padding: 0px; user-select: text; overflow-wrap: break-word; white-space: pre-wrap; vertical-align: baseline; font-kerning: none; background-color: transparent; color: windowtext; text-align: left; text-indent: 0px;">LISTEN ABOVE

Full Show Podcast: 02 December 2024 

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/858f575d-a72b-4f9a-b7c5-b239014c2b31/transcript

Grant Webster: Tourism Holdings Limited CEO on the drop in the company's shares

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