sharetrader
Page 546 of 840 FirstFirst ... 46446496536542543544545546547548549550556596646 ... LastLast
Results 5,451 to 5,460 of 8391
  1. #5451
    Member
    Join Date
    Dec 2017
    Location
    Christchurch
    Posts
    103

    Default

    Our average buy is also north of $3.00 but do appreciate the quarterly dividends rolling in - hopefully the share price will turn around and show some decent gains in the not too distant future

  2. #5452
    always learning ... BlackPeter's Avatar
    Join Date
    Aug 2007
    Posts
    9,497

    Default

    Quote Originally Posted by CD_CHCH View Post
    Our average buy is also north of $3.00 but do appreciate the quarterly dividends rolling in - hopefully the share price will turn around and show some decent gains in the not too distant future
    Wishing you luck ... though wiser people than me tend to re-iterate that hope is not an investment strategy ...
    ----
    "Prediction is very difficult, especially about the future" (Niels Bohr)

  3. #5453
    Member
    Join Date
    Dec 2017
    Location
    Christchurch
    Posts
    103

    Default

    Valid point and if I'm hearing you correctly our stock picking strategy shouldn't involve throwing a dart at the NZX listings in Saturday's newspaper?

  4. #5454
    percy
    Join Date
    Oct 2009
    Location
    christchurch
    Posts
    17,221

    Default

    TRA are an important part of my portfolio.Sound dividends and prospects of solid earnings growth.
    My wife's and my portfolios have been updated by Craigs this morning.Our portfolios have a mixture of growth and yield stocks.
    The objective has been to achieve 5% growth and 5% dividend yield.
    Since exactly a year ago they have achieved 26.95% growth.On top of this we have enjoyed substantial income from dividends.
    With this growth, the dividend % yield has decreased,although the dividends have increased.No dividend reinvestments.
    Solid research rather than hope provides growth and yield .
    The coming year objectives are:5% plus growth and steady dividends.
    Last edited by percy; 19-07-2019 at 01:48 PM.

  5. #5455
    always learning ... BlackPeter's Avatar
    Join Date
    Aug 2007
    Posts
    9,497

    Default

    Quote Originally Posted by percy View Post
    TRA are an important part of my portfolio.Sound dividends and prospects of solid earnings growth.
    My wfe and my portfolios have been updated by Craigs this morning.Our portfolios have a mixture of growth and yield stocks.
    The objective has been to achieve 5% growth and 5% dividend yield.
    Since exactly a year ago they have achieved 26.95% growth.On top of this we have enjoyed substantial income from dividends.
    With this growth, the dividend % yield has decreased,although the dividends have increased.No dividend reinvestments.
    Solid research rather than hope provides growth and yield .
    Hi percy, great that you and your wife have been that successful, despite investing parts of your funds into TRA. Just imagine, though what returns you would have had without having TRA as handbrake in your portfolio.

    Look - it is great that you and your wife can afford to invest into TRA despite making losses, but maybe not everybody on this forum is in the same fortunate position. But let's forget about Turners not so spotless history (in terms of conserving shareholder value) - I struggle to understand why you think that they would be now a good investment?

    Sure - they might be the next big thing as "netflix of the car industry" and maybe they release as well a highly successful cryptocoin - who knows? but let's face it - the indicators and the odds for TRA look currently not particularly good.

    BTW - Just wondering, whether Todd starts to regret his netflix comparison ... he used it before netflix released their latest growth numbers .... Ouch. Maybe the comparison was not that wrong ...

    Look - they (Turners) are just a plain old used car company which used to have an interesting looking growth strategy which however did not work, and they recently ditched it. They demonstrated that they are not able to grow their earnings with insurance and finance (and this is not due lack of trying) and their (cyclical) core business is currently shrinking.

    Not quite sure what makes them standing out of the crowd ... sure, they are reasonable big, but their cars are (as with most other second hand dealers) not always a Paragon of Excellence ... and if you check their customer reviews, they are a mixed bag as well.

    They are now saying they try something different with this car sharing platform, but lets face it - they have neither industry nor regional (Australia) experience. I would consider this as a very high risk proposition coming from a company and a board with a long term history of reducing shareholder funds.

    Question - if they are really successful - where do you see them going? And where, if they just continue their current trajectory?

    Is it worth the risk?
    Last edited by BlackPeter; 19-07-2019 at 12:11 PM.
    ----
    "Prediction is very difficult, especially about the future" (Niels Bohr)

  6. #5456
    Advanced Member
    Join Date
    Apr 2008
    Location
    Kerikeri
    Posts
    2,468

    Default

    Quote Originally Posted by BlackPeter View Post
    Hi percy, great that you and your wife have been that successful, despite investing parts of your funds into TRA. Just imagine, though what returns you would have had without having TRA as handbrake in your portfolio.

    Look - it is great that you and your wife can afford to invest into TRA despite making losses, but maybe not everybody on this forum is in the same fortunate position. But let's forget about Turners not so spotless history (in terms of conserving shareholder value) - I struggle to understand why you think that they would be now a good investment?

    Sure - they might be the next big thing as "netflix of the car industry" and maybe they release as well a highly successful cryptocoin - who knows? but let's face it - the indicators and the odds for TRA look currently not particularly good.

    BTW - Just wondering, whether Todd starts to regret his netflix comparison ... he used it before netflix released their latest growth numbers .... Ouch. Maybe the comparison was not that wrong ...

    Look - they (Turners) are just a plain old used car company which used to have an interesting looking growth strategy which however did not work, and they recently ditched it. They demonstrated that they are not able to grow their earnings with insurance and finance (and this is not due lack of trying) and their (cyclical) core business is currently shrinking.

    Not quite sure what makes them standing out of the crowd ... sure, they are reasonable big, but their cars are (as with most other second hand dealers) not always a Paragon of Excellence ... and if you check their customer reviews, they are a mixed bag as well.

    They are now saying they try something different with this car sharing platform, but lets face it - they have neither industry nor regional (Australia) experience. I would consider this as a very high risk proposition coming from a company and a board with a long term history of reducing shareholder funds.

    Question - if they are really successful - where do you see them going? And where, if they just continue their current trajectory?

    Is it worth the risk?
    Good post BP. They are a part of my portfolio as well. And I am a bit concerned.
    However....like most things in there...they are only 3.44 % (used to be bigger).
    The value (SWAN) of a well diversified portfolio is significant, especially when one of the companies go south.

  7. #5457
    percy
    Join Date
    Oct 2009
    Location
    christchurch
    Posts
    17,221

    Default

    Quote Originally Posted by BlackPeter View Post
    Hi percy, great that you and your wife have been that successful, despite investing parts of your funds into TRA. Just imagine, though what returns you would have had without having TRA as handbrake in your portfolio.

    Look - it is great that you and your wife can afford to invest into TRA despite making losses, but maybe not everybody on this forum is in the same fortunate position. But let's forget about Turners not so spotless history (in terms of conserving shareholder value) - I struggle to understand why you think that they would be now a good investment?

    Sure - they might be the next big thing as "netflix of the car industry" and maybe they release as well a highly successful cryptocoin - who knows? but let's face it - the indicators and the odds for TRA look currently not particularly good.

    BTW - Just wondering, whether Todd starts to regret his netflix comparison ... he used it before netflix released their latest growth numbers .... Ouch. Maybe the comparison was not that wrong ...

    Look - they (Turners) are just a plain old used car company which used to have an interesting looking growth strategy which however did not work, and they recently ditched it. They demonstrated that they are not able to grow their earnings with insurance and finance (and this is not due lack of trying) and their (cyclical) core business is currently shrinking.

    Not quite sure what makes them standing out of the crowd ... sure, they are reasonable big, but their cars are (as with most other second hand dealers) not always a Paragon of Excellence ... and if you check their customer reviews, they are a mixed bag as well.

    They are now saying they try something different with this car sharing platform, but lets face it - they have neither industry nor regional (Australia) experience. I would consider this as a very high risk proposition coming from a company and a board with a long term history of reducing shareholder funds.

    Question - if they are really successful - where do you see them going? And where, if they just continue their current trajectory?

    Is it worth the risk?
    Some things I do not know.
    Was talking to my friend this morning who reminded me he told me to buy ATM at 17 cents, and he noted they are trading at near $17.00.
    I also thought TradeMe would never work.Thought Morgan should have taken the $35 mil he was offered.Surprised he got $750mil.
    Turners are NZ's largest second hand car dealer.They have the super strong Turners brand .They are finding there are many chanels to reach their customers and grow their business.Their business is both growing and gaining market share.Their new and relocated sites are trading well.7 more on the way!
    Yes mistakes were made,ie BuyRight Cars and non-recourse MTF loans.BuyRight Cars has been rebranded Turners, and the non-recourse loans were stopped and will run their course over the next 2 years.
    The car sharing platform could be another A2 or TradeMe.Turners would be fools not to look into it.Remember all the rubbish posted about HGH taking on RELs.Now the biggest part of their business. What if the car sharing does not work?. Very little cost to Turners [1 or 2mil] finding out.
    Last edited by percy; 19-07-2019 at 01:13 PM.

  8. #5458
    percy
    Join Date
    Oct 2009
    Location
    christchurch
    Posts
    17,221

    Default

    Quote Originally Posted by RTM View Post
    Good post BP. They are a part of my portfolio as well. And I am a bit concerned.
    However....like most things in there...they are only 3.44 % (used to be bigger).
    The value (SWAN) of a well diversified portfolio is significant, especially when one of the companies go south.
    Monday 12th August 2pm.Turners Corner,cnr Walton and Manu Roads ,Whangarei.....
    Be there and catch Todd and Aaron.
    They will answer all your questions frankly and honestly.

  9. #5459
    Speedy Az winner69's Avatar
    Join Date
    Jun 2001
    Location
    , , .
    Posts
    37,737

    Default

    BP - don’t forget percy is an ‘investor’ and seems a pretty disciplined one at that. His timeframe is generally years and not days, weeks or months. No buying and selling on whims and every gyration of the market.

    Every holding won’t be a winner at any particular time ....’investors’ always have some ‘losers’

    Good on you percy
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

  10. #5460
    always learning ... BlackPeter's Avatar
    Join Date
    Aug 2007
    Posts
    9,497

    Default

    Quote Originally Posted by winner69 View Post
    BP - don’t forget percy is an ‘investor’ and seems a pretty disciplined one at that. His timeframe is generally years and not days, weeks or months. No buying and selling on whims and every gyration of the market.

    Every holding won’t be a winner at any particular time ....’investors’ always have some ‘losers’

    Good on you percy
    Absolutely - just failing at the moment to see the big upside compared to the risks ...

    And sure - we all have our fair share of losers in the portfolio (well, I do - and TRA was one of them). It is just that sometimes it appears that for holders the endowment effect is overtaking the analytical skills :
    ----
    "Prediction is very difficult, especially about the future" (Niels Bohr)

Tags for this Thread

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •