Trustees Australia Ltd. provides advisory, support, and facilitation services to the financial services industries. It operates through following segments: Financial Services, Tourism and Hospitality, and Property. The Financial Services segment includes custodial and responsible entity services, fixed interest broking and advisory, and superannuation administration services. The Tourism and Hospitality segment includes the ownership and operation of Magnums Airlie Beach Backpackers, offering various grades of backpacker hostel style accommodation and services including a tour sales outlet. The Property segment covers the development of land and buildings at Airlie Beach, suitable for providing retail shopping facilities. The company was founded in 1986 and is headquartered in Brisbane, Australia.
CMI Limited (CMI) has rejoined the A1 club. Competitor ARB Corp (ARP) is also rated A1 by Skaffold. Whilst ARB’s business model is focused on the manufacture and distribution of 4x4 accessories for recreational 4WD vehicles, CMI’s expands beyond 4WD accessories to include specialist cabling and electrical products for a range of industry sectors that includes light commercial and heavy transport vehicles. Unfortunately both companies are trading at prices higher than Skaffold’s intrinsic value estimate.