I was just browsing 2 Cheap Cars youtube channel and watched one ad from 3 years ago, it showed they had 17 branches? Thats quite a change to drop to 12.
Closed branches come from 1xDunedin, 1x Christchurch, 1x Wellington, 1x Napier and 1x Hastings.
I was just browsing 2 Cheap Cars youtube channel and watched one ad from 3 years ago, it showed they had 17 branches? Thats quite a change to drop to 12.
Closed branches come from 1xDunedin, 1x Christchurch, 1x Wellington, 1x Napier and 1x Hastings.
I was just browsing 2 Cheap Cars youtube channel and watched one ad from 3 years ago, it showed they had 17 branches? Thats quite a change to drop to 12.
Closed branches come from 1xDunedin, 1x Christchurch, 1x Wellington, 1x Napier and 1x Hastings.
I expect they will be able to reuse the same advert in 2 or 3 years time.
May just have to alter a couple of locations....lol.
They can expand while cutting their marketing budget, massive savings!
Originally Posted by Rawz
I wonder if online sales changed things. Or merged some smaller sites into larger sites in some cities?
Yeah quite possible the logistics made some locations inconvenient at the time and merging other sites. Could also have been because of covid too since it was back in 2020 before their listing.
We have a new 11 month high with a 62 cent closing price. 2CC having a pretty good run appearing as one of NZX's top 5 gaining stock most days in the last couple of weeks.
Last edited by silverblizzard888; 17-07-2023 at 09:04 PM.
Could see the SP float in the 60cent range waiting for half year and dividend announcement to help drive it higher.
Currently priced on a forward P/E ratio of 6.24 vs TRA on 9.50.
If 2CC trades on same earnings multiple as TRA it would have a SP of about $0.95 or 50% higher than today......
Given current market i think best path for 2CC is payout 80% of earnings and reinvest the rest for controlled expansion.
8 cent dividend on todays 63 cent SP would be solid 12.7% yield
We have a new 11 month high with a 62 cent closing price. 2CC having a pretty good run appearing as one of NZX's top 5 gaining stock most days in the last couple of weeks.
Originally Posted by winner69
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