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- TRA - Turners Automotive Group [previously TNR - Turners Limited]
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29-03-2019, 04:07 PM
#4791
Every man and his dog's dealership is having a massive end of year financial sale this weekend.
Now we know this is much more than a vehicle retailer I think we can apply a different PE to the amalgam of their business units.
I think a PE of 10-11 is fair and reasonable and if they can make ~ 26 cps in FY20 that's suggests a significant recovery in the share price is possible.
Ecclesiastes 11:2: Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
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30-03-2019, 11:00 AM
#4792
Originally Posted by Beagle
All good thanks. I think all brands suffer from the occasional manufacturing error.
What happened? Anything electronic?
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30-03-2019, 11:15 AM
#4793
Originally Posted by LAC
What happened? Anything electronic?
Faulty head gasket...coolant got into the engine oil and caused massively accelerated wear and the engine seized at just 850 km's.
After significant pressure, (plenty of vigorous barking was required, just as well I get plenty of practice on here, lol) Holden supplied me a brand new 2019 Holden Calais V replacement car for my 2018 one and the new one comes with an extended 5 year warranty, something I insisted on. They fitted a new engine to my first car and it only took them 2 days to resell it, (Rioja Red, really metallic burgundy, Holden Calais is a popular colour).
Dealer was good and supplied a good quality loan car while this mess was cleaned up. New one seems to be running like a well oiled Swiss watch and is a good bit of kit.
I am philosophical. Shyte happens from time to time.
Last edited by Beagle; 30-03-2019 at 11:21 AM.
Ecclesiastes 11:2: Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
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30-03-2019, 06:50 PM
#4794
Originally Posted by Beagle
Faulty head gasket...coolant got into the engine oil and caused massively accelerated wear and the engine seized at just 850 km's.
After significant pressure, (plenty of vigorous barking was required, just as well I get plenty of practice on here, lol) Holden supplied me a brand new 2019 Holden Calais V replacement car for my 2018 one and the new one comes with an extended 5 year warranty, something I insisted on. They fitted a new engine to my first car and it only took them 2 days to resell it, (Rioja Red, really metallic burgundy, Holden Calais is a popular colour).
Dealer was good and supplied a good quality loan car while this mess was cleaned up. New one seems to be running like a well oiled Swiss watch and is a good bit of kit.
I am philosophical. Shyte happens from time to time.
The car My partner bought from Turners a few weeks back had a boo boo and needed a new transmission. Thank goodness it happened within a few days after the transaction took place. Turners were really good with dealing with it and so were the lease company as the bill to replace the transmission was over $13,000
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30-03-2019, 07:06 PM
#4795
Originally Posted by Ggcc
The car My partner bought from Turners a few weeks back had a boo boo and needed a new transmission. Thank goodness it happened within a few days after the transaction took place. Turners were really good with dealing with it and so were the lease company as the bill to replace the transmission was over $13,000
Not much profit on that sale eh ...but they’ll get it all back when the clip the ticket at the end of its life
Last edited by winner69; 30-03-2019 at 07:07 PM.
At the top of every bubble, everyone is convinced it's not yet a bubble.
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30-03-2019, 07:06 PM
#4796
Originally Posted by winner69
Not much profit on that sale eh
The lease company paid for it not Turners
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30-03-2019, 10:09 PM
#4797
Originally Posted by Beagle
Faulty head gasket...coolant got into the engine oil and caused massively accelerated wear and the engine seized at just 850 km's.
After significant pressure, (plenty of vigorous barking was required, just as well I get plenty of practice on here, lol) Holden supplied me a brand new 2019 Holden Calais V replacement car for my 2018 one and the new one comes with an extended 5 year warranty, something I insisted on. They fitted a new engine to my first car and it only took them 2 days to resell it, (Rioja Red, really metallic burgundy, Holden Calais is a popular colour).
Dealer was good and supplied a good quality loan car while this mess was cleaned up. New one seems to be running like a well oiled Swiss watch and is a good bit of kit.
I am philosophical. Shyte happens from time to time.
Whoooh pretty significant damage, its good that Holden sorted it out though. Yup **** happens every now n again, previous Toyota never skipped a beat for 4 years, Mercedes thereafter never skipped a beat for 9 years, then the current bmw had a mechatronics issue on 2nd day of owning it😱 like u say, **** happens
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31-03-2019, 02:17 PM
#4798
Originally Posted by LAC
Whoooh pretty significant damage, it’s good that Holden sorted it out though. Yup **** happens every now n again, previous Toyota never skipped a beat for 4 years, Mercedes thereafter never skipped a beat for 9 years, then the current bmw had a mechatronics issue on 2nd day of owning it�� like u say, **** happens
It sure does and more often than you would think...an interesting study from some years back about how often https://www.telegraph.co.uk/motoring...ty-survey.html
Turners are on to it with their Autosure warranty insurance and have been reviewing claim rates for the different marque's especially the Euro's with their "legendary" spare parts prices and I understand have been making some big changes to what they insure and the pricing.
Last edited by Beagle; 31-03-2019 at 02:19 PM.
Ecclesiastes 11:2: Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
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31-03-2019, 02:52 PM
#4799
Originally Posted by Ggcc
The lease company paid for it not Turners
....and claimed back from Turners?
At the top of every bubble, everyone is convinced it's not yet a bubble.
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31-03-2019, 06:41 PM
#4800
Originally Posted by winner69
....and claimed back from Turners?
Of course I don't know the finer details, but I was made to believe that the cost was not Turners. They were surprised the lease company paid for it as well, as normally the vehicle would have been written off.
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