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

**Onemootpoint** · 02-07-2022, 01:29 PM

Demand is outstripping supply so we have low inventory levels, says Group 1 Automotive CEO

On CNBC this morning; to the end of the clip a quick reference to the value car market.
‘Also, as we know, chip shortages still an ongoing issue.

https://www.youtube.com/watch?v=lH4rr8j9HEE

**BlackPeter** · 02-07-2022, 02:18 PM

Originally Posted by Onemootpoint

Demand is outstripping supply so we have low inventory levels, says Group 1 Automotive CEO

On CNBC this morning; to the end of the clip a quick reference to the value car market.
‘Also, as we know, chip shortages still an ongoing issue.

https://www.youtube.com/watch?v=lH4rr8j9HEE

Translation:
Dealers need to pay more to get used cars they can on sell.
Dealers will be able to get a higher price for used cars (though whether the margin will be higher, nobody knows)
Sales volumes will drop.

Not necessarily good news for TRA.

**Louloubell** · 02-07-2022, 02:40 PM

There are many variables and unknowns.
Two of the more influential are, in my opinion :
1. Reducing number of car dealers and
2. Turners having and actively branding themselves as a high-trust brand.

These two factors, plus having 99% of their cars locally sourced will off-set the economic situation.

Hence, Turners being my largest company in my portfolio.

**sb9** · 15-07-2022, 10:04 AM

Last day to get in to be eligible for divvy..7c it is.

**Mafman** · 15-07-2022, 11:02 AM

But the e
x-div date is the 18th isn't it?

**777** · 15-07-2022, 11:53 AM

Originally Posted by Mafman

But the e
x-div date is the 18th isn't it?

Exactly, which means if you wait for that date(Monday) you are not entitled to the dividend.

**Grimy** · 15-07-2022, 11:58 AM

Most of this quarter's dividend has disappeared with today's s/p rise.

**Onemootpoint** · 15-07-2022, 12:21 PM

Originally Posted by Mafman

But the e
x-div date is the 18th isn't it?

Also, notwithstanding market disruption the share price may dip on and/ or after the ex dividend date, especially given it has at the time of writing today gained around 1.35% as mentioned by Grimy.