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19-06-2019, 08:27 AM
#5361
Originally Posted by winner69
I see the name Graham Learning on that disclosure of Todd Turner
Is that the same Graham Learning that’s the CFO of Skellerup?
3 names, 2 presumably husband and wife, a third independent. Trustees for a trust?
Ah yes I see, Stanmore Trust.
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19-06-2019, 08:27 AM
#5362
Originally Posted by blackcap
Chairman Key sells his bach to CEO Hisco
(Stand in) Chairman Byrnes still some shares to CEO Hunter
Last edited by winner69; 19-06-2019 at 09:15 AM.
”When investors are euphoric, they are incapable of recognising euphoria itself “
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19-06-2019, 08:29 AM
#5363
Originally Posted by winner69
Chairman Key sells his Bach to CEO Hisco
(Stand in) Chairman Byrnes still some shares to CEO Hunter
I see a pattern developing here. Lets hope that Hunter Turners is not using his own firms elite market cars to travel around the country in style.
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19-06-2019, 02:42 PM
#5364
Afternoon all...a few comments from me which might be helpful.
Paul Byrnes is selling down some of his shares to settle on a property and fund a new restaurant he is an investor in. I am happy to purchase more shares because I believe in the company and the strategy.
The shares have been purchased in the name of my family trust...trustees are my wife, myself and Graham Leaming (yes he is the CFO @ Skellerup)
I am definitely not travelling around the country in elite cars owned by Turners...and I don't have a wine collection worth storing. I do drive the odd Turners car from Palmerston North to Levin where we have an Oxford office...I certainly wouldn't describe these as "elite" vehicles...more "value for money" vehicles.
Comments on Wellington City operation - we sell a mixture of makes and models, and a mix of consignment and owned stock. The consignment stock will definitely have little or no reconditioning spend on the vehicle, but should be priced accordingly compared to the alternatives further down Cambridge Terrace. Consignment vendors typically want to spend as little as possible on their cars. We lease the site off Transit NZ and was only ever designed to be temporary in nature (IE less than 5 years) which is why we have used the container setup. We have received a lot of positive comments about how this looks but I understand aesthetically not everyone will think we have aced this. The value for us was in very visible profile of the site for branding, and to help customers understand we "retail" cars as well as auction cars...we are averaging 30 sale per month from this yard. The photos give you a sense for the location, and the stock on the yard which was taken in the last 7 days...definitely not all European cars.
Attachment 10625Attachment 10626Attachment 10627
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19-06-2019, 03:02 PM
#5365
Todd,
Thank you for your comments.
Unfortunately the attachment did not work for me.
ps
Investment news publication "The Headliner", has a positve article on Turners, according to a friend.He is dropping it off next week for me to read.
.
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19-06-2019, 03:14 PM
#5366
Looks like there are supposed to be three attachments - I can't open any of them I'm afraid.
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19-06-2019, 03:14 PM
#5367
I will try again...hopefully that works Austen.
Attachment 10630
Attachment 10629
Attachment 10628
Last edited by toddhunter; 19-06-2019 at 03:16 PM.
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19-06-2019, 03:28 PM
#5368
Originally Posted by toddhunter
Thanks Todd,
Worked perfectly.
Looks "the business" to me.
Interesting comments about branding and the fact Turners "retail" cars ,as well as auctioning them.
Last edited by percy; 19-06-2019 at 03:38 PM.
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19-06-2019, 03:41 PM
#5369
Originally Posted by Baa_Baa
The Basin site is awful, a tiny, partly gravel forecourt, shipping containers for offices, and of course the cars look even older and crappier because of all the high roller flash Harry’s car yards on both sides of Kent and Cambridge Tce’s. I think the whole thing looks cheap and nasty, doing the brand a disservice IMO.
Pictures are not deceiving here.Looks great , thanks Todd, great business case and costs savings there..
Last edited by Joshuatree; 19-06-2019 at 03:43 PM.
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19-06-2019, 04:44 PM
#5370
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