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10-12-2018, 10:11 AM
#3871
Originally Posted by minimoke
Another example of SP fall not being covered by dividends
Work out your dividend yield had you brought at float.Can't remember whether it was $1.60 or $1.66.
The trust I am a trustee of brought at float.
NB.At the time the brokers prefered Feltex,which we did not buy..
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10-12-2018, 10:41 AM
#3872
Originally Posted by Beagle
I think you're drawing a very long bow comparing those companies to Turners. Used cars is a very tough industry with very modest margins. Always has been and probably always will be because the barriers to entry are so low and the internet means small and casual operators can trade with incredibly low overheads.
I think you're also overlooking the bigger macro picture too with long term headwinds of driverless cars, ride sharing, trends towards heavy density developments beside major transport hubs so people don't need cars, electric bikes, electric scooters in tandem with public transport.
I don't think enough on here has been made of the trend towards online trading of cars. When I went to trade my Chrysler the first thing they did was look up Trade Me to assess what else was on there and to get a feel for the value of my car. I think this sort of thing is widespread by dealers and the public. Trade me has become the first point of reference for anyone looking for a vehicle. I recall the CEO of Trade Me at the Auckland shareholders presentation (I think this was in September 2018) telling us they have over 90% of the vehicle listings in N.Z. !
Trade me are looking to partner with MTF to provide finance for vehicles sold online (if they haven't already). This will remove one of the most common reasons a lot of people go to a dealership. Trade In is the other but there's more than one way of selling one's vehicle.
Oh dear....a Chrysler. What made u do that?? Really hope the upgrade is something less Chrysler and more German
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10-12-2018, 10:54 AM
#3873
Originally Posted by LAC
Oh dear....a Chrysler. What made u do that?? Really hope the upgrade is something less Chrysler and more German
Price for one shock absorber for an Audi R8 is US $2000 ..
Stay with Japanese cars.Parts and service costs mean you don't need to mortgage the house.
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10-12-2018, 10:58 AM
#3874
Originally Posted by percy
Price for one shock absorber for an Audi R8 is US $2000 ..
.
Likely for a two year old car as well.
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10-12-2018, 11:00 AM
#3875
Originally Posted by LAC
Oh dear....a Chrysler. What made u do that?? Really hope the upgrade is something less Chrysler and more German
See my last couple of posts in this thread. https://www.sharetrader.co.nz/showth...g-point/page65
Chrysler SRT8 was an eclectic mix of performance luxury and technology and the Hemi 6.4 liter engine was a beast but after 5 years its time for a change. I won't miss the spare parts prices, the urban fuel consumption in particular which was about 20L per 100 km's, the aircraft carrier like turning circle or its weight. Was fun though but variety is the spice of life, as they say New Commodore is built in Germany but the Aussies absolutly hate that, I like it as its taken the car to a much higher level but the price has come down !!
Last edited by Beagle; 10-12-2018 at 11:02 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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10-12-2018, 11:06 AM
#3876
Originally Posted by percy
Price for one shock absorber for an Audi R8 is US $2000 ..
Stay with Japanese cars.Parts and service costs mean you don't need to mortgage the house.
Very true, but highly doubt a Chrysler owner is looking at Japanese cars...
I love my Japper as a daily driver, the 5series which is used when taking the little one around cost about 10x more in maintenance and is used 10% of the time per year. Just need the safety in the rear part of the vehicle
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10-12-2018, 01:32 PM
#3877
[QUOTE=LAC;740609]Very true, but highly doubt a Chrysler owner is looking at Japanese cars...
I love my Japper as a daily driver, the 5series which is used when taking the little one around cost about 10x more in maintenance and is used 10% of the time per year. Just need the safety in the rear part of the vehicle[/QUOTE]
Euro cars generally 3 times the parts prices as Japanese in my experience. Plenty of good Japanese cars out there that are 5 star safety rated. I continue to be mystified why some really wealthy people are happy to take the risk in really old cars with a very low safety rating, one, two or three star safety rated in particular. Happy to see their kids and their grandkids being driven around in substandard vehicles too. This happens in my circle of friends too despite me raising the subject from time to time.
For mine...I feel better knowing my wife is driving around our kids and grandkids in a very late model 5 star safety rated vehicle knowing I've done my bit to ensure they are as safe as possible. Friend of mine bought a 5 star safety rated vehicle for just $6,000 recently. Beggars belief that some intelligent wealthy people find this sort of thing too high a hurdle to jump.. its just bizarre !
I wonder how they would feel counting their millions on their own because their partner and kids or grandkids were killed because they were involved in an accident and because it was such a poor vehicle that was a contributing factor to their death ? I imagine they would lead an incredibly lonely and bitterly disappointed life after that. I am sure Turners sell some 5 star safety rated cars for less than $10K. Give them a call, they do need the business !
Last edited by Beagle; 10-12-2018 at 01:46 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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11-12-2018, 04:32 PM
#3878
Is Turners in a trading halt or something ..no trades
When investors are euphoric, they are incapable of recognising euphoria itself
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11-12-2018, 04:35 PM
#3879
Originally Posted by winner69
Is Turners in a trading halt or something ..no trades
Seems to be a bit of a stalemate between buyers and sellers
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12-12-2018, 10:37 AM
#3880
Originally Posted by minimoke
Seems to be a bit of a stalemate between buyers and sellers
Stalemate broken with a solid 400 traded at $2.38. Not much appetite on the buy side, so now would be a great time for those insiders who think that the share price was "significantly below their intrinsic value" at $2.70 to grab a bargain.
Maybe they can help either Milford or Salt by taking some offered at $2.40.
Disc: Happy that Milford and Salt are taking a bath on their TRA investment (unfortunately this is other people's money), as neither stepped up to oppose the Director fee increase (Even after Gaynor questioned it in his Herald article)
Edit: A few more traded while writing post
Last edited by McGinty; 12-12-2018 at 10:38 AM.
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