3 names, 2 presumably husband and wife, a third independent. Trustees for a trust?
Ah yes I see, Stanmore Trust.
Afternoon all...a few comments from me which might be helpful.
Paul Byrnes is selling down some of his shares to settle on a property and fund a new restaurant he is an investor in. I am happy to purchase more shares because I believe in the company and the strategy.
The shares have been purchased in the name of my family trust...trustees are my wife, myself and Graham Leaming (yes he is the CFO @ Skellerup)
I am definitely not travelling around the country in elite cars owned by Turners...and I don't have a wine collection worth storing. I do drive the odd Turners car from Palmerston North to Levin where we have an Oxford office...I certainly wouldn't describe these as "elite" vehicles...more "value for money" vehicles.
Comments on Wellington City operation - we sell a mixture of makes and models, and a mix of consignment and owned stock. The consignment stock will definitely have little or no reconditioning spend on the vehicle, but should be priced accordingly compared to the alternatives further down Cambridge Terrace. Consignment vendors typically want to spend as little as possible on their cars. We lease the site off Transit NZ and was only ever designed to be temporary in nature (IE less than 5 years) which is why we have used the container setup. We have received a lot of positive comments about how this looks but I understand aesthetically not everyone will think we have aced this. The value for us was in very visible profile of the site for branding, and to help customers understand we "retail" cars as well as auction cars...we are averaging 30 sale per month from this yard. The photos give you a sense for the location, and the stock on the yard which was taken in the last 7 days...definitely not all European cars.
Attachment 10625Attachment 10626Attachment 10627
Todd,
Thank you for your comments.
Unfortunately the attachment did not work for me.
ps
Investment news publication "The Headliner", has a positve article on Turners, according to a friend.He is dropping it off next week for me to read.
.
Looks like there are supposed to be three attachments - I can't open any of them I'm afraid.
I will try again...hopefully that works Austen.
Attachment 10630
Attachment 10629
Attachment 10628
http://nzx-prod-s7fsd7f98s.s3-websit...288/301966.pdf
So Paul has sold 703,000 shares on market so far.