TVR's financial projections look dim?
Discussion
Spoke to a highly respected financial analyst in the automotive sector today.
He seems to think that TVR's future looks dim, sales have not gathered pace and unless they do in the next 12 months, NS will be forced to liquidate the companies assets as re-routing funds into this venture has been advised against?
Just wandering, is this true???? Or is it just another one of those 'scare' rumours?
He seems to think that TVR's future looks dim, sales have not gathered pace and unless they do in the next 12 months, NS will be forced to liquidate the companies assets as re-routing funds into this venture has been advised against?
Just wandering, is this true???? Or is it just another one of those 'scare' rumours?
I used to be an analyst in this sector...(before I changed careers)shall I make some calls to my mates that still are for another view? I would have thought given that its a private company and all they have to go are data sent to companies house and small amounts of financial data (credit ratings etc) it would be difficult to do a proper analysis.
>> Edited by maddog-uk on Wednesday 1st June 22:50
>> Edited by maddog-uk on Wednesday 1st June 22:50
Hoover33 said:Definitely, and Tuscan Mk2s and Sagarises seem to be flooding out of the factory at the minute. I'm not saying that TVR is in the land of milk and honey, but reports of its death are somewhat exaggerated methinks.
remember a new Tiv did not leave the factory for months... so yep turnover would look crap
So I would not take any notice of projections at the mo
los angeles said:
Personally speaking, if I could get TVR to smooth flat the Sagaris's redundant faux slats on the wings, fashion a fully slatted bonnet instead of the distracting see-saw cat flaps, take two iches off the ultra-low front spoiler, ditch the rear view distorting kit car spoiler, the Sagaris becomes a real attraction.
Becomes a real attraction for YOU LA......
Personally speaking....I like it fine just as it is.........
I would have thought TVR are on a more stable footing these days.....I'm really looking forward to seeing the new convertible and it would be excellent to see the Typhon coming off the line ........eventually
YP
>> Edited by yellow peril on Thursday 2nd June 07:29
It's not just TVR! It seems the population is blind to this reccession we're in; most of the manufacturing industry,and in turn, high street shops are suffering really badly, I know of 6 major companies and shops that have gone bust this year alone, and they've been going for at least 30 years each!
I have had to stop designs I have been working on for the past year to do design other things because nothing is selling, world wide! Therefore, it comes as no suprise at all to hear that small car manufacturers are suffering also, I just hope there is light at the end of the tunnel, and the Chinese don't clone too much more stuff and sell it cheaper, as they are/have been doing for years.
For those of you who are in the service industry and don't see whats happening in the manufacturing industry, trust me, things are very bad out there at the moment!
I have had to stop designs I have been working on for the past year to do design other things because nothing is selling, world wide! Therefore, it comes as no suprise at all to hear that small car manufacturers are suffering also, I just hope there is light at the end of the tunnel, and the Chinese don't clone too much more stuff and sell it cheaper, as they are/have been doing for years.
For those of you who are in the service industry and don't see whats happening in the manufacturing industry, trust me, things are very bad out there at the moment!
chris watton said:
It's not just TVR! It seems the population is blind to this reccession we're in; most of the manufacturing industry,and in turn, high street shops are suffering really badly, I know of 6 major companies and shops that have gone bust this year alone, and they've been going for at least 30 years each!
Totally agree.
For those of us who have to make or sell things its tough at the moment.
But I would say that this analyst is talking bollox. This is a private company so he almost certainly hasnt seen the books. The last accounts filed would have related to a pre NS period and would be largely irrlevant. And as has been pointed out there are a lot of new Saggys and T2's being delivered.
I used to be a direstor of a PLC in the retail sector and regularly dealt with analysts. Many of them are second rate in the extreme and are most influenced by the person they last spoke to. This bloke sounds as if the last person he spoke to was Mungo.
can't see a big market for that sort of customisation on a trevor though. The design just doesn't lend itself to it.
For customisation to be mass market it still has to be about mass market parts. Make it in enough bits and it can be put together in an infinite number of ways and the owner gets his 'bespoke' car.
HD tractors are a good example of making customisation profitable.
The Smart car is another good example.
But trevors body work needs to be in big chunks since they are part of the structural strength of the body. So they are limited to doing things which are cheap to do.. different colours, diffent leathers, etc.
stu
For customisation to be mass market it still has to be about mass market parts. Make it in enough bits and it can be put together in an infinite number of ways and the owner gets his 'bespoke' car.
HD tractors are a good example of making customisation profitable.
The Smart car is another good example.
But trevors body work needs to be in big chunks since they are part of the structural strength of the body. So they are limited to doing things which are cheap to do.. different colours, diffent leathers, etc.
stu
If TVR moved into coach building, wouldn't it be natural to do it on somebody else's running gear? TVRs already have distinctive styling so I can't see any great rush to have even more personal tweaks added to a TVR, but add this body and interior design style to an existing boring reliable runnabout and you might have something ...
[quote=los angeles
There are two ways to accomplish this: modification, and innovation. Personally speaking, if I could get TVR to smooth flat the Sagaris's redundant faux slats on the wings, fashion a fully slatted bonnet instead of the distracting see-saw cat flaps, take two iches off the ultra-low front spoiler, ditch the rear view distorting kit car spoiler, the Sagaris becomes a..........
>> Edited by los angeles on Thursday 2nd June 06:55[/quote]
....T350C
There are two ways to accomplish this: modification, and innovation. Personally speaking, if I could get TVR to smooth flat the Sagaris's redundant faux slats on the wings, fashion a fully slatted bonnet instead of the distracting see-saw cat flaps, take two iches off the ultra-low front spoiler, ditch the rear view distorting kit car spoiler, the Sagaris becomes a..........
>> Edited by los angeles on Thursday 2nd June 06:55[/quote]
....T350C
los angeles said:You have pretty much described a T350C. Why not buy one of those instead?
Personally speaking, if I could get TVR to smooth flat the Sagaris's redundant faux slats on the wings, fashion a fully slatted bonnet instead of the distracting see-saw cat flaps, take two iches off the ultra-low front spoiler, ditch the rear view distorting kit car spoiler, the Sagaris becomes a real attraction.
los angeles said:
If only TVR didn't sell so many models around the same price aimed at essentially the same customers. With MG's future uncertain, now was the time for TVR to produce a cheap entry model, 20k or less, easy to insure because it isn't a tarmac ripper, but in essence still a TVR.
Sounds a great idea! TVR has a pretty good brand name now in the market of people that would want to buy an MGF or MX5 type car. They could probably do well selling a sub £20k model to that market with the position of MG right now. Of course, the problem is the time to get such a beast to market, but if they had something already half done, perhaps sitting on a back burner, now could be the time to restart that project. I suspect TVR developement cycles aren't anywhere near as long as major manufacturers (or MG Rover), so perhaps they could do it.
I'd envisiged a modern day version of the old S, which was a hit in its day. A quick design, based around a shortened Tuscan chassis, with a more consumer friendly body, but incorporating styling cues from Tuscan and Sag (thus reusing molds and saving cost & time). Use something like Focus RS brakes and bung something like Honda or Ford Cosworth twin cam, with maybe a hot V6 top-end option. Could maybe build it in a subsidiary factory in the west midlands .....
Pum
Pum said:
They could probably do well selling a sub £20k model to that market with the position of MG right now. I'd envisiged a modern day version of the old S, which was a hit in its day. A quick design, based around a shortened Tuscan chassis, with a more consumer friendly body, but incorporating styling cues from Tuscan and Sag (thus reusing molds and saving cost & time). Use something like Focus RS brakes and bung something like Honda or Ford Cosworth twin cam, with maybe a hot V6 top-end option. Could maybe build it in a subsidiary factory in the west midlands .....
It's a nice idea but that's all. Where would such a car be cheaper than the T350? £5K saving on engine? £500 saving on body? £500 saving on chassis? £1K saving on brakes and suspension? £1K other magic savings and it's still a £30K+ car or about double your target price. The S example that you mention is a good one. Launched at £12,500 at the motor show or 2/3 the price of a wedge when in the showrooms it was £16,000 or about the price ratio mentioned by me above. The V8S was 9/10 the price of the Griff. The 200i was subsidised by TVR for the poorer owner but didn't sell. Cheap TVRs are not feasible. Sorry. J
The old S cost around £16k in the late 80's.
So did the MR2.
The MR2 is still about the same money now.
Surely TVR could build something for £20-25k.
Think of the economies of scale. These things would fly out of the showroom.
Eddited to add that Lotus seem to do perfectly well with the Elise
>> Edited by B17NNS on Thursday 2nd June 16:48
So did the MR2.
The MR2 is still about the same money now.
Surely TVR could build something for £20-25k.
Think of the economies of scale. These things would fly out of the showroom.
Eddited to add that Lotus seem to do perfectly well with the Elise
>> Edited by B17NNS on Thursday 2nd June 16:48
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