 - Forum
- Markets
- NZX
- TRA - Turners Automotive Group [previously TNR - Turners Limited]
-
08-08-2022, 11:20 AM
#7501
Member
Turners Nelson is now open. Yippee
-
08-08-2022, 05:22 PM
#7502
 Originally Posted by Louloubell
Turners Nelson is now open. Yippee
Good deals?
-
09-08-2022, 03:20 PM
#7503
Member
Originally Posted by Rawz
Michael Hill has done alright in Aus, W69. Lots and lots of kiwi businesses have gone over there and failed miserably
Maybe the best case is MFT?
-
09-08-2022, 03:42 PM
#7504
Originally Posted by MauroNZ
Maybe the best case is MFT?
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.
----
"Prediction is very difficult, especially about the future" (Niels Bohr)
-
09-08-2022, 04:00 PM
#7505
Originally Posted by BlackPeter
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.
AIR probably best example. Telecom lost heaps.
Some do well. MFT, EBO, RYM going ok, FRE, ATM, SKY?. MHJ the best lol
Anyways, back to TRA. Hope they never expand into Aussie, well hope no time soon. Plenty more expansion to do here
Last edited by Rawz; 09-08-2022 at 04:01 PM.
-
09-08-2022, 04:00 PM
#7506
Originally Posted by BlackPeter
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.
Luckily TRA is quite happy just staying in nz for now. Lots of good times ahead, but they may see some struggles this year as interest rates climb
-
10-08-2022, 06:37 PM
#7507
Member
-
10-08-2022, 06:42 PM
#7508
Originally Posted by percy
Percy was already kind enough to post this on the 17th July 😊. Thanks anyway for the post
-
10-08-2022, 07:16 PM
#7509
-
10-08-2022, 08:16 PM
#7510
Originally Posted by Old mate
Hehe missed that one. I actually didn't read date on that story. Old news 
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.
Tags for this Thread
Posting Permissions
- You may not post new threads
- You may not post replies
- You may not post attachments
- You may not edit your posts
-
Forum Rules
|
|
Reply With Quote
Bookmarks