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  1. #4691
    Speedy Az winner69's Avatar
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    Quote Originally Posted by percy View Post
    "We have recently undertaken market research which shows that the Turners brand stands out strongly as the most "trusted" brand in the used car market and the brand that has the most awareness'.
    Chair and CEO's report page 6 TRA's annual report 2018.
    And the presenation today had a chart of the trusted brands

    Turners score shown as 45% .....Buy Right Cars 4% ...Others pretty trusted at 25%

    Sample was 200

    Awesome chart ....charts like that always give management the warm fuzzies ..but probably doesn’t mean very much at the end of the day.
    Last edited by winner69; 14-03-2019 at 01:30 PM.
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

  2. #4692
    percy
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    Quote Originally Posted by Beagle View Post
    Buy Right cars needs a name change to Better Days Cars lol
    Better days at Larry love used cars, what could possibly go wrong lol https://www.youtube.com/watch?v=2VbX22w9qws Come on Percy, you gotta admit it is kind of funny. I guess some of Turners end of life vehicles would fit right in on Larry's car lot
    Funny very.
    Even funnier is I know a guy importing Larry's stock and making good money doing it.!
    The old Ford parts truck sells for good money.!!

  3. #4693
    Speedy Az winner69's Avatar
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    Hope the share price doesn’t fall back to 224 today
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

  4. #4694
    percy
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    Quote Originally Posted by winner69 View Post
    And the presenation today had a chart of the trusted brands

    Turners score shown as 45% .....Buy Right Cars 4% ...Others pretty trusted at 25%

    Sample was 200

    Awesome chart ....charts like that always give management the warm fuzzies ..but probably doesn’t mean very much at the end of the day.
    Work to be done at BuyRight.
    Sorry to other posters,however I missed this page in the presentation.
    Last edited by percy; 14-03-2019 at 01:49 PM.

  5. #4695
    Speedy Az winner69's Avatar
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    Presentation says Earnings per Share is consistent

    Suppose that’s true if it’s still about the same as 4 to 5 years ago.
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

  6. #4696
    percy
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    Very consistant....lol.
    Divie seems to be consistantly increasing?

  7. #4697
    ShareTrader Legend Beagle's Avatar
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    I noted that they are committed to 17 cps this year. I didn't notice any commitment after that, did you ? (Acknowledge average broker forecast is for increasing divvies in FY20 and FY21)
    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

  8. #4698
    percy
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    Perhaps.?
    Forbar presentation page 5 item 5.

    Interesting to note Turners NIM [Net Interest Margin] although down a little, is still an incredible 9%.
    So Wangarei is owned by Turners, as is their new site North Shore which is under development.I take that is Archers Road site,and today I learnt from the presentation they will develop a branch at Westgate,which means the property development margins will continue..
    Last edited by percy; 14-03-2019 at 04:23 PM.

  9. #4699
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    Quote Originally Posted by percy View Post
    Perhaps.?
    Forbar presentation page 5 item 5.

    Interesting to note Turners NIM [Net Interest Margin] although down a little, is still an incredible 9%.
    So Wangarei is owned by Turners, as is their new site North Shore which is under development.I take that is Archers Road site,and today I learnt from the presentation they will develop a branch at Westgate,which means the property development margins will continue..
    Sale & leaseback - like the Warehouse.

  10. #4700
    percy
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    Quote Originally Posted by Balance View Post
    Sale & leaseback - like the Warehouse.
    Yes and no.
    Strategic sites I expect TRA will retain.
    It worked very well for SCY,in fact it was their major profit centre when they booked their development margin.
    In TRA's case they are using their insurance company's "reserve" to generate excellent returns.
    It means Turners can open up where ever they want,and develop each site to suit their requirements.Most landlords want big buildings on their sites to produce big rents,however Turners need small buildings with large yards to display their stock.
    From ARG's announcement last year they are keen to work with TRA.Positive.
    Last edited by percy; 14-03-2019 at 04:56 PM.

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