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- TRA - Turners Automotive Group [previously TNR - Turners Limited]
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14-03-2019, 09:55 AM
#4671
Great stuff, next time i snoop around the local Turners i may slap some stickers on all the cars in the back two rows
FREE THERAPEUTIC MASSAGE WITH EACH PURCHASE
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14-03-2019, 10:01 AM
#4672
Originally Posted by winner69
Good to see them getting out and promoting themselves to prospective investors
Need all the help we can get in these dire times
Hopefully enough enthusiasm shown to get punters to buy big ...should be in everybody’s portfolio ,,,$2,50 next week
http://nzx-prod-s7fsd7f98s.s3-websit...936/296734.pdf
Alarm bells;
"emerging company" (been around for a while now!
"Forsyth BArr" (kiss of death)
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14-03-2019, 10:03 AM
#4673
Originally Posted by winner69
Good to see them getting out and promoting themselves to prospective investors
Need all the help we can get in these dire times
Hopefully enough enthusiasm shown to get punters to buy big ...should be in everybody’s portfolio ,,,$2,50 next week
http://nzx-prod-s7fsd7f98s.s3-websit...936/296734.pdf
Margins under pressure and loan delinquencies from higher risk loans worse than expected. Both these things are matters I fully expected and are probably already priced into the current share price but we live in interesting times so only time will tell.
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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14-03-2019, 10:10 AM
#4674
Originally Posted by winner69
Good to see them getting out and promoting themselves to prospective investors
Need all the help we can get in these dire times
Hopefully enough enthusiasm shown to get punters to buy big ...should be in everybody’s portfolio ,,,$2,50 next week
http://nzx-prod-s7fsd7f98s.s3-websit...936/296734.pdf
I like the quote on page 5 "Experienced management team with oversight from professional and engaged Board of Directors"
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14-03-2019, 10:16 AM
#4675
Originally Posted by blackcap
I like the quote on page 5 "Experienced management team with oversight from professional and engaged Board of Directors"
...and they said they operate in Australia
”When investors are euphoric, they are incapable of recognising euphoria itself “
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14-03-2019, 10:58 AM
#4676
Originally Posted by winner69
Good to see them getting out and promoting themselves to prospective investors
Need all the help we can get in these dire times
Hopefully enough enthusiasm shown to get punters to buy big ...should be in everybody’s portfolio ,,,$2,50 next week
http://nzx-prod-s7fsd7f98s.s3-websit...936/296734.pdf
The graph on slide 7 is telling - a highly cyclical market (low annual overseas regos are 50% of peak) and we are just moving down from the peak in 2017 ... that's still a long way to come down.
TRAsnip..PNG
And yes, I think they follow a good strategy supported by an unfortuntately not fully committed board. I don't see them crashing into the ground, but I would expect revenues and earnings to dip for some years to come. Will they be able to maintain the amazing dividends? Who knows?
No doubt, though - they might come out stronger at the other end of the dip ...
Last edited by BlackPeter; 14-03-2019 at 11:03 AM.
----
"Prediction is very difficult, especially about the future" (Niels Bohr)
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14-03-2019, 11:13 AM
#4677
BlackPeter ..
The graph on slide 7 is telling - a highly cyclical market (low annual overseas regos are 50% of peak) and we are just moving down from the peak in 2017 ... that's still a long way to come down.
I though exactly the same thing ....hmm
”When investors are euphoric, they are incapable of recognising euphoria itself “
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14-03-2019, 12:05 PM
#4678
Originally Posted by winner69
Thanks W69.
I am sure Ress Daley is no relation to that great motor trade dealer one "Arthur" Daley out of Minder.!!..lol.
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14-03-2019, 12:42 PM
#4679
Originally Posted by Beagle
Margins under pressure and loan delinquencies from higher risk loans worse than expected. Both these things are matters I fully expected and are probably already priced into the current share price but we live in interesting times so only time will tell.
The cause we know was MTF non-recourse loans.
Turners tightened their lending criteria [april last year],so we should see these MTF loan impairments reducing.
Car sales margins will remainunder pressure until BuyRight Cars old stock is completely cleared.
Maybe we will see tighter margins on car sales in future,however finance,insurance,end of life logistics, and property development margins should remain sound.
Last edited by percy; 14-03-2019 at 12:46 PM.
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14-03-2019, 01:29 PM
#4680
Last edited by Balance; 14-03-2019 at 01:38 PM.
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