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  1. #2101
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    Just been watching a 33 lot auction on turners tauranga, most were passed in many without even low low bids. How does TRA make most of its money as i watched the auction last week with similar results!.

  2. #2102
    always learning ... BlackPeter's Avatar
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    Quote Originally Posted by Joshuatree View Post
    Just been watching a 33 lot auction on turners tauranga, most were passed in many without even low low bids. How does TRA make most of its money as i watched the auction last week with similar results!.
    They used to make their money through auctions and left most of the margin to the retailers who bought in auctions. They found that this is not smart and changed their strategy.

    These days they make most of their money in retailing the cars themselves (not selling them cheaply in auctions). They sell on top of that finance and insurance for these cars - you find them in "BuyRight" courts (http://www.buyrightcars.co.nz/) and on their own website (https://www.turners.co.nz/). They start as well to add value in servicing and repairing cars. One stop shop for all car needs - not a focus on auctions anymore.

    Obviously - don't forget trucks and machinery - and last not least - their debt management unit makes a profit as well ;

    http://www.turnersautogroup.co.nz/si...%20Results.pdf
    ----
    "Prediction is very difficult, especially about the future" (Niels Bohr)

  3. #2103
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    Thanks BP, for bringing me up to date , makes more sense now, cheers JT

  4. #2104
    percy
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    Well with the buy side loading up, I thought we would see an announcement today.
    Going by the buyers it must be not far away.?
    We live in interesting times.

  5. #2105
    always learning ... BlackPeter's Avatar
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    Quote Originally Posted by percy View Post
    Well with the buy side loading up, I thought we would see an announcement today.
    Going by the buyers it must be not far away.?
    We live in interesting times.
    Yeah, interesting uptrend, though on very small volumes. Looks like their are hardly any sellers around ...
    ----
    "Prediction is very difficult, especially about the future" (Niels Bohr)

  6. #2106
    percy
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    Quote Originally Posted by BlackPeter View Post
    Yeah, interesting uptrend, though on very small volumes. Looks like their are hardly any sellers around ...
    Yes the excitement builds.
    Have we moved from "well positioned" to "poised".?..................lol.
    I am holding myself at the ready .
    Still no buyers or sellers in Aussie.
    Looks to me as though the shares placed in Aussie have been dumped in NZ.
    I don't mind doing my community service and helping the Aussies out.
    Last edited by percy; 22-03-2018 at 04:54 PM.

  7. #2107
    Handsome Member
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    Its the only one that I accumulated on the NZX during the market scare a few months ago, so hoping for a decent announcement soon.

  8. #2108
    percy
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    =LAC;708865]Its the only one that I accumulated on the NZX during the market scare a few months ago, so hoping for a decent announcement soon.[/QUOTE]

    WHOOPEE DEE.
    Quarterly dividend increased from 3 cents per share to 4.5 cents per share.
    Up a massive 50%.
    Does not appear we will get a trading update,as per last year,guidance remains the same,however a "newsletter" is on its way.
    I think the massive increase in divie says it all.
    Record date for the divie is16th April and it is payable on the 20th April.

  9. #2109
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    Yup just read that!!
    Happy holder What's your famous words again.....

  10. #2110
    percy
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    Quote Originally Posted by LAC View Post
    Yup just read that!!
    Happy holder What's your famous words again.....
    "Follow LAC" .....lol.


    PS.TRA divies are fully imputed.
    Last edited by percy; 29-03-2018 at 08:01 AM.

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