They have been paying out dividends quarterly & I expect that to continue. They have not yet made an announcement on the next dividend as far as I know, but I think it’s fair for us to assume it will be paid in November
https://comcom.govt.nz/news-and-medi...onsible-lender
Not great advertising.
Its here finally, Q1 divvy of 5c with very short ex date of Monday 18th Oct. So pretty much we have today and next 3 days to get in to be eligible.
Divie 25% higher than last year
That’s a pretty good pay rise
Certainly not to be sneezed at. All happening very fast with XD on 19th and payment date on 28th.
A bit like my experience at Turners in Christchurch yesterday when delivering a Fleet Partner lease vehicle. Great service. All done and dusted in 3 minutes. Well impressed. Didn't see Tina in person though.
5 cents fully imputed, that's cool. Speaking of cool, Tina's so positive and bubbly I just want to give her a big bear hug to say thank you :)
Whose this Tina you guys talking about?
Have you been living under a rock ? :p
https://www.youtube.com/watch?v=h1t4oTwk5Rs
https://www.youtube.com/watch?v=aAiGi7vzYuY
https://www.youtube.com/watch?v=gfmkpiE0VHU
Well said Rawz
Tina Turner :t_up:
Seriously, Rotorua opened their sales in the last few weeks. My data on stock holdings suggests they started early September, but a quick check shows they have over 100 cars on Trademe. The average time to sell a car for Turners would appear to be about a month, so that may more than duplicate the Million dollars pa profit gain they quoted from opening Taranaki which only has around 80 cars at any one time.
I asked a couple of years ago at one of their roadshows ... and at that stage they said their average stock turnover is something like 6 weeks. Obviously - this number might have changed (at that stage they had a legacy issue with slow moving stock from this other car dealer - I think it was Buy Right Cars - they purchased), but still - sounds pretty good, given that their margins are at current presumably quite healthy.