TRA - Turners Automotive Group [previously TNR - Turners Limited]

[Beagle]

Maybe...but Tesla also recently admitted they are struggling to lower their costs despite their giga battery factories. May never be able to supply their base model Model 3 for $US35,000 which would still retail here with freight and GST at over $N.Z60,000 even if they can make it for that price.

I agree that its difficult to predict the long term price of electric batteries but those manufactures as well as Tesla all singing a very similar tune doesn't auger well for your core contention of cheap electric cars within a decade.

Apparently 40% of the world's cobalt (an essential ingredient in car batteries) comes from the Congo.
You would hope they can recycle it with what's going on...https://www.dailymail.co.uk/news/art...ell-Earth.html

[winner69]

Hope Turners haven’t been ‘clipping the ticket’ too aggressively and the watch dog names them

Life insurance only a small part of the business but outfits like Consumer saying the whole insurance industry needs to pull their socks maybe some risk to Turners here

https://www.nzherald.co.nz/business/...ectid=12197976

Jeez used car salesmen and dodgy insurance salesmen .....what a world we life in

[percy]

Hope Turners haven’t been ‘clipping the ticket’ too aggressively and the watch dog names them

Life insurance only a small part of the business but outfits like Consumer saying the whole insurance industry needs to pull their socks maybe some risk to Turners here

https://www.nzherald.co.nz/business/...ectid=12197976

Jeez used car salesmen and dodgy insurance salesmen .....what a world we life in

As far as I can remember Turners do not sell life insurance.
They are agents only for motor vehicle insurance.[small ticket]
They own "Autosure" which sells warrantees for motor vehicles.[large ticket]
As ChCh home owners found some insurance companies are excellent,while others are worse than dodgy.
ps.Any one who has read the history of Llyods of London will know just how dodgy insurance can be.
Insurance is excellent when you need it,expensive when you don't,and extremely expensive when you don't have it.
I think banks have learnt they made mistakes selling "the wrong" polices to customers, as they did not consider their customers' needs.[was disgraceful]

[blackcap]

Hope Turners haven’t been ‘clipping the ticket’ too aggressively and the watch dog names them

Life insurance only a small part of the business but outfits like Consumer saying the whole insurance industry needs to pull their socks maybe some risk to Turners here

https://www.nzherald.co.nz/business/...ectid=12197976

Jeez used car salesmen and dodgy insurance salesmen .....what a world we life in

Bit of a worry there winner. If Turners cannot even make normal profits with aggressive ticket clipping, one wonders what will happen if the FMA get stuck in.

Thankfully Percy to the rescue in 3, 2, 1....

[percy]

Divie due today...
Next one three months away.
Love these quarterly paid fully imputed divies.

[winner69]

Turners have some life insurance liabilities on their balance sheet ....whatever that is

And even some reverse mortgage stuff as well

[percy]

Turners have some life insurance liabilities on their balance sheet ....whatever that is

And even some reverse mortgage stuff as well

Life policies most probably left overs from Dorcester Pacific days.
They have been unwinding RELs letting them run their course.Were used in part of their insurance capital requirements.
Guess insurance capital requirements are now meet with Turners property ownership/developements.[Much more profitable too.]

[couta1]

Divie due today...
Next one three months away.
Love these quarterly paid fully imputed divies.

In bank already, just need another 15 like that to break even.Lol

[winner69]

In bank already, just need another 15 like that to break even.Lol

Must check

I’ll give Baker a ring and suggest weekly divies

You’d think a ‘clipping the ticket’ strategy could cope with that ...or they could just borrow a bit more

[Snoopy]

Must check

I’ll give Baker a ring and suggest weekly divies

You’d think a ‘clipping the ticket’ strategy could cope with that ...

That sounds like a strategy for the super patient. It is the digital age now and there is no reason why each individual car sale can't be put on a database in real time. It is only one step then to derive the profit from each sale and reward shareholders with a consummate micro-dividend worth fractions of a cent on each sale. Then you guys could sit glued to your internet bank accounts, potentially watching hundreds of TRA dividends come in per day.....

SNOOPY