Turners Nelson is now open. Yippee
Turners Nelson is now open. Yippee
Don't forget MPG - still hold back by their Australian adventure (sure, the rest is not that flash either). Both WHS and FBU lost lots of money in Australia .... and our cyclical poster child AIR nearly got broke (only saved by the NZ tax payer) thanks to investing into Australia. And than there was Pumpkin Patch, but I am sure there are more sorry stories.
Hehe missed that one. I actually didn't read date on that story. Old news:p
It might appear to be old news, but for a quarterly reporter and dividend payer it's not all that old, only a few weeks until next reporting and we'll all see whether the article is correct and volumes and/or revenues are down. I suspect it'll be bad for the wider used car industry but not so much for Turners who tend to attract the go-to buyers when the economy is fecked. Lots of people still need to change their cars regardless of economic circumstances, they'll go to the best deal, and Turners are great deal makers. I'm more interested in how the subscription service is going, whether it's material to the company results yet or when it will be, surely this is the time when subs cars should shine. Eat some rentals company's lunch, so to speak.