Very consistant....lol.
Divie seems to be consistantly increasing?
Very consistant....lol.
Divie seems to be consistantly increasing?
I noted that they are committed to 17 cps this year. I didn't notice any commitment after that, did you ? (Acknowledge average broker forecast is for increasing divvies in FY20 and FY21)
Perhaps.?
Forbar presentation page 5 item 5.
Interesting to note Turners NIM [Net Interest Margin] although down a little, is still an incredible 9%.
So Wangarei is owned by Turners, as is their new site North Shore which is under development.I take that is Archers Road site,and today I learnt from the presentation they will develop a branch at Westgate,which means the property development margins will continue..
Yes and no.
Strategic sites I expect TRA will retain.
It worked very well for SCY,in fact it was their major profit centre when they booked their development margin.
In TRA's case they are using their insurance company's "reserve" to generate excellent returns.
It means Turners can open up where ever they want,and develop each site to suit their requirements.Most landlords want big buildings on their sites to produce big rents,however Turners need small buildings with large yards to display their stock.
From ARG's announcement last year they are keen to work with TRA.Positive.
Last time was towards end of last year. With the Russian firm just behind Turners. Excellent service, car and price. Turners did not stock vehicle we were after (Subaru).
Before that was "Firm That Shall Not Be Named" but man, their cars seemed too cheap as were their facilities. Dodgy car and I wonder if staff had work permits. Didn't buy
Before that some guy flogging a few cars out of his garage. Great guy, great car great price.
Before that Hyundai dealership. Great service, great price, great car. Even better was after sales support. Charged me about 5 bucks to replace a rear bulb that was tricky to get out.
Before that Value Cars Warehouse. Great car, great service, great price. Put right iffy battery before sale.
All cars ran really well with no problems.
Geez - there really is quite the selection!
You will be forgiven to think that you missed that profit upgrade announcement from company...there wasn't one.
Market profoundly dislikes uncertainty. Now that the company has ostensibly confirmed the tougher trading conditions they articulated in late November 2018 some of the uncertainty is removed. Didn't notice any really strong adjectives in their presentation like extremely tough or very challenging so maybe an okay-ish sort of result coming for FY19 ?
There never was a downgrade ....most just assumed it to be
NPBT will still be $35m to $36m
Is that an upgrade ..no ....but better than expected seeing the possible hasn’t likely happened
Close at 233 — cool
Never again to see the 220s
Better than expected guidance = share price back to 3 bucks sooner than later
Undercover snoop number 2
Dropped into Turners in Hamilton last friday early arvo.
Great location very visual, from the busy road, like tauranga, modern looking, simple lines and tidy as.Zillions of vehicles.
Went in through the side entrance this time straight to the free standing workstation in the big open shed full of cars. Unlike tauranga no one at it and the staff strolled around ignoring us, nothing brisk here. I finally went back to office in main entrance and had to ask where the catalogues were, hard to find, they were on both counters in tauranga. My mate came back from the toilet and someone had turned up at work station. He asked about EV's and Hybrids. She couldn't help him!!!?.Couldnt find if they had any!
We spent about 20 mins there, it was bigger and more stock then tauranga. We didn't see even ONE punter looking the whole time!!!:confused:.
Maybe they would sell more cars if they offered with each purchase a free massage with a happy ending?
I think most punters are looking online now and physically only turn up on the weekends to test drive and haggle the deal.
I've previously been to the massive yard Andrew Simms has at Botany Downs on a Tuesday and was the only one their evaluating a car and that dealership represents quite a number of marques and is VAST.