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  1. #4451
    ShareTrader Legend Beagle's Avatar
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    Quote Originally Posted by RTM View Post
    Yes...given all that the sale really doesn’t make sense. Maybe he is just trying to wind us all up ?
    Maybe he has integrity and is deliberately sending shareholders a thinly veiled message that things are not going well in the business...just a thought.
    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

  2. #4452
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    Quote Originally Posted by Beagle View Post
    Maybe he has integrity and is deliberately sending shareholders a thinly veiled message that things are not going well in the business...just a thought.
    69k worth sold out of a 7 mill value holding, nothing to see, let's move on.

  3. #4453
    always learning ... BlackPeter's Avatar
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    Quote Originally Posted by winner69 View Post
    The end game for cars ....things come to NZ quite quickly these days so are Turners threatened?

    http://www.businessinsider.com/carpo...-europe-2019-3

    Not Marilyn’s ‘Disintermediation‘ but a form of industry disruption
    Interesting article ... though a number of dots don't seem to line up.

    If it is Uber and Lyft killing off the car market - than why would tyre sales go down? Don't Uber and Lyft cars need tyres as well? Same is true for vehicle production - as long as people chose to be transported in individual vehicles (vs. mass transport) I don't see a big impact.

    They are throwing as well some political one-offs into the mix which certainly would not impact on the global car market. I.e. if car production in Europe gets more expensive due to BREXIT barriers , than this is a temporary problem, not a long term trend - or does anybody believe the European industry is not able in producing the required (and so far from Britain imported) parts themselves?

    Turkey's new car registrations significantly dropping due to a incompetent autocrat crushing its economy? - Yeah, sure, but how does this impact on the world market? What about emerging nations who still look for more individual transport - they didn't show India's new car registrations which are exponentially rising: https://www.statista.com/statistics/...ions-in-india/

    Only reason I can see for the world wide car market to go down is if demand goes down world wide.

    But no doubt - there is a worldwide trend for people living in cities to reduce individual driving - which is amplified by a world wide trend for people to move into cities. One of our boys lives in Singapore and his family doesn't own or need a car (and it is not due to lack of money): Public transport, Grab (the new Uber there), Taxi - it is all much cheaper and more convenient than the hassle and cost of owning a car and finding a parking space.

    Question is - how relevant is all of this for the New Zealand market (and this is where TRA operates)?

    For starters - Singapore has 8000 inhabitants per sqkm, New Zealand only 15. I am wondering whether this could have as well implications for the individual car market?

    Not sure whats currently going on with TRA - but I don't really expect the overall New Zealand individual car market to be crushed over the next handful of decades ... and none of the trends and causes highlighted in the article seems to be particularly relevant in a New Zealand context.

    And apart from that - as Snoopy rightly highlighted - TRA is not really a car company, they are a finance and insurance service provider with a car business feeding these more profiatble parts of the company. It won't be Uber and Lyft killing them - only if there evolves a trend that people don't want to take out loans anymore to buy anything, than they might be in trouble ...
    Last edited by BlackPeter; 04-03-2019 at 08:38 AM.
    ----
    "Prediction is very difficult, especially about the future" (Niels Bohr)

  4. #4454
    Speedy Az winner69's Avatar
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    Quote Originally Posted by couta1 View Post
    69k worth sold out of a 7 mill value holding, nothing to see, let's move on.
    Not quite a hrdlicker is it ...he might have had a tax bill to pay as well
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

  5. #4455
    Speedy Az winner69's Avatar
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    Even though the share price was off its highs last June it seems to have been in steady decline since

    Strange last June was when the Bakery shared out its shares to its partners ...maybe the timing is just conincidence.

    Along with Baker’s non attendance at the AGM it sort of signals a dysfunctional Board is operating. That’s not good

    Wishing like hell that white knight rides into town to save the day
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

  6. #4456
    Senior Member Marilyn Munroe's Avatar
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    Quote Originally Posted by bull.... View Post
    i see vehicle imports this yr were pretty similar too last jan/feb last yr but be very interesting next few mths as last yr they were very high in mar, apr , may. be telling if we get a marked decline next few mths
    I have received anecdotal reports of an imported vehicle compliance outfit having a quiet February.

    Cautiinn should be exercised. This lull could be just as easily explained by shipping schedules or stink bug disruption.

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  7. #4457
    percy
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    Quote Originally Posted by winner69 View Post
    Even though the share price was off its highs last June it seems to have been in steady decline since

    Strange last June was when the Bakery shared out its shares to its partners ...maybe the timing is just conincidence.

    Along with Baker’s non attendance at the AGM it sort of signals a dysfunctional Board is operating. That’s not good

    Wishing like hell that white knight rides into town to save the day
    Dysfunctional Boards do not own between them 26.97% of a company.

    Yes I am sure you are right that the Business Bakery share out to its partners,is one of the causes in the weakness of Turners' share price.
    The Hugh Green estate sale was another.
    The only way for the share price to recover is for Turners to produce ongoing good results.

  8. #4458
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    I have heard Grant was invited to a special Ferrari event in Italy, combined with a trip in EU & US, which clashed with the new AGM date. Probably a fair excuse for not attending if the date was changed on him.

  9. #4459
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    Quote Originally Posted by JohnnyTheHorse View Post
    I have heard Grant was invited to a special Ferrari event in Italy, combined with a trip in EU & US, which clashed with the new AGM date. Probably a fair excuse for not attending if the date was changed on him.
    Mm, Ok that might explain the AGM he missed. Not sure thats is a good reason for a chairman not to turn up.
    What special events would he have attended in the previous financial year when he seemed to have wagged 3 times?
    Last edited by forest; 04-03-2019 at 09:28 AM.

  10. #4460
    Speedy Az winner69's Avatar
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    Quote Originally Posted by percy View Post
    Dysfunctional Boards do not own between them 26.97% of a company.

    Yes I am sure you are right that the Business Bakery share out to its partners,is one of the causes in the weakness of Turners' share price.
    The Hugh Green estate sale was another.
    The only way for the share price to recover is for Turners to produce ongoing good results.

    But such high levels of 'skin in the game' can lead to stress and tensions and disagreements .....expecially if the key players have different agenda
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

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