Turner's Tina
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.
Yes Mr B, it looks like a break out on the chart building.
Im not sure the actor in the advert or actual employee should give up their day job.
Yes there is ascending triangle formed which indicates a breakout on the upside is possible. RSI has bounced of oversold so certainly not a time to sell.
Volume is weak however, and I would think this needs to pick up before the hoped for price action can occur.Attachment 13083
discl: long
The divvy announcement has barely moved the price..