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Speaker 1: Another good sign that you can run a successful business

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Speaker 1: even of times a peer a bit tight. This is

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Speaker 1: going back to what Andrew Keller who was telling us

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Speaker 1: a couple of months ago. This is Turners, of course,

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Speaker 1: record year to March profits up seventeen percent. Todd Hunt

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Speaker 1: is the CEO of the business and as with us,

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Speaker 1: Todd morning, Good morning Mike. So a decade of sustainable growth.

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Speaker 1: What's your secret?

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Speaker 2: Well, I guess it's many things in the end, but yeah,

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Speaker 2: I think, I mean, I think the formula we work

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Speaker 2: to is provide a great environment for our people. They

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Speaker 2: provide a great experience for our customers, and the combination

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Speaker 2: of those two things should deliver a great experience for

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Speaker 2: our shareholders. And I think the formula is absolutely proven

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Speaker 2: out and will continue to prove out.

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Speaker 1: How only edge of the economy are you? In other words,

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Speaker 1: you reliant on the place doing well.

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Speaker 2: Yeah, certainly, aspects of our business are. We had a

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Speaker 2: very tough first half in our auto business. We were

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Speaker 2: having to discount cars to keep sales going quite heavenly,

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Speaker 2: I mean, similar things that you would hear from Rodger

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Speaker 2: Brisco's I think. But we do have some divestification in

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Speaker 2: earnings so having the finance business and the insurance business

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Speaker 2: alongside the auto business does help provide consistency. But certainly

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Speaker 2: the second half for US was much stronger than the

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Speaker 2: first half, and we had all our business divisions reporting

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Speaker 2: ahead of the prior year in the second half.

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Speaker 1: And that second half is part of a recovery or not.

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Speaker 2: I think it is a part of recovery. I would

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Speaker 2: say it feels to us like the economy is bouncing

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Speaker 2: along the bottom. I'm a strong advocate for the Reserve

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Speaker 2: Bank doing something meaningful today, and they need to. I

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Speaker 2: think Jared Kier is absolutely on the money when he

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Speaker 2: sees interest rates are still restrictive and we need to

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Speaker 2: stimulate the economy for sure.

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Speaker 1: Okay, so you'd say fifty points absolutely, Okay. When you

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Speaker 1: talk about your loan book expanding, I'm always interested that

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Speaker 1: do people borrow to buy a car because they have

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Speaker 1: to or because they're bullish or a bit of both.

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Speaker 2: I would say more because they have to, And we

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Speaker 2: put a lot of effort into making well, firstly, making

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Speaker 2: sure people can pay those loans back, and then they've

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Speaker 2: got some buffer to withstand some surprise event that may

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Speaker 2: cause some strain and pressure so that is one of

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Speaker 2: the reasons our loan book is performing so well.

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Speaker 1: The no guidance for the year ahead, you join a

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Speaker 1: long queue of people who seemingly don't have a clue

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Speaker 1: what's going on. How difficult is it right now?

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Speaker 2: Yeah, it's tricky for sure. And the guidance thing is

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Speaker 2: always interesting. We try and keep our investors in, shareholders

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Speaker 2: and interested people focused on the medium term. I kind

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Speaker 2: of have a view that the results may be up

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Speaker 2: and down a bit in the short term. What you want.

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Speaker 2: People has focused on kind of medium term growth, and

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Speaker 2: that's why we put out a three year target. So

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Speaker 2: we're very confident we're going to get to that. To

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Speaker 2: that number and twenty eight of sixty five million.

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Speaker 1: How good is Tina? The Tina thing is better than

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Speaker 1: you ever could have imagined or not, for sure.

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Speaker 2: I mean that has been a unicorn of a marketing campaign.

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Speaker 2: She has resonated with people more than we ever thought

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Speaker 2: would happen. It's been great for our team internally, and yeah,

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Speaker 2: I mean it's just been just a super campaign. Looking yesterday,

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Speaker 2: she We've had over one point one million views of

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Speaker 2: the sixty second ad on YouTube and people are watching

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Speaker 2: it for fifty six seconds they were watching the entire ad,

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Speaker 2: which is very unusual.

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Speaker 1: Good on you and so yesterday you had your result.

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Speaker 1: Plus I'm assuming you watched Monaco.

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Speaker 2: Yes, great result for Liam did what he needed to

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Speaker 2: do as a team player and and got the results.

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Speaker 2: So you're very proud, very proud of his achievement last weekend.

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Speaker 1: Good stuff, nice thought you might and go well appreciate it.

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Speaker 1: Tod Hunt, who is the CEO at Turner's Automotive the

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Speaker 1: reference to LAM they have am they have a tie

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Speaker 1: up with them. For more from the Mic Asking Breakfast,

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Speaker 1: listen live to News Talks at B from six am weekdays,

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Speaker 1: or follow the podcast on iHeartRadio