I always trust people who know their market.
In this case I will go with Turners.
I always trust people who know their market.
In this case I will go with Turners.
Yikes, closed at $2.97
I am sure the usual suspect will remind us of all their new dealerships including truck dealerships they've built and that the company is on track for wonderful profit growth but business confidence has tanked since Labour was elected and hasn't recovered much yet despite a lot of punters claiming it would. Now we have the markets contracting and I can see a lot of business's won't have the confidence to make large capex decisions...maybe those new truck dealerships couldn't have been built at a worse time ? None of this will stop them making a fancy profit growth announcement in due course but the sly chaps never mention EPS figures in their announcements do they ! This fools some people but doesn't seem to be fooling the market does it ! Of course if we do end up in a bear market which might even cause a recession so its felt on main street as well, customers might really start to struggle with their loans... but no worries because Turners will lend customers and business's more money to get through the bottom of the cycle, it worked for Heartland with dairy so what could possibly go wrong...
Use d vehicle sales often trail new vehicle sales.With new vehicle sales continuing to set records,Turners will see growing used vehicle sales.
Turners' vertically integrated business model,sales,finance and insurance will prove to be sound in the years to come.
I remain "well positioned" and am enjoying their quarterly dividends.
Chart looks terrible - finding new lows while the tide seems to rise again. RSI indicating "hopelessly oversold" but no depth on the buy side.
Start to wonder whether this could be a top up opportunity - or whether there are people out there knowing things we don't but should know?
Yes always difficult to know.
What makes it harder is the next business update and guidance, may not be until the end of March,if going by last year's is an indication.
Going from TRA's previous announcements,and the fact new car sales are still setting records, I see no reason to change my analyst of their business. I do not buy or sell on no news.
I did speak to Todd Hunter a couple of weeks ago,about lack of news on new sites opened up.Thought there should have been a "news realise" on the Wiri site in particular,and an article on what attracted Turners to Whangerei.Todd did agree they were lost opportunities.
Hopefully there will not be too many more lost opportunities.