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

**LAC** · 04-04-2019, 03:19 PM

One thing that Turners have is scale, so in whatever they do it should be at scale. I am looking fwd to seeing what Oxford finance is growing at. I think that part of the business will do well over time, regardless of whether we buy cars from their sites or not. The other area that will be interesting to watch is the Mechanical insurance part, for most people who buy 2nd hand - the fear is there to include mechanical insurance. Before everyone jumps down my throat, yes I know new cars are quite reasonably priced these days....but you cant beat buying the same car with a few kms on the clock at a fraction of the new car price - its just human nature to find a deal. Anyways only time will tell how Turners will do.

**Snow Leopard** · 05-04-2019, 01:50 AM

Not a good day for Turners on the ASX, down 24%

**bull....** · 05-04-2019, 06:26 AM

Originally Posted by Snow Leopard

Not a good day for Turners on the ASX, down 24%

downgrade must be coming sometime this yr lol , waiting for the stock slaughter might buy around 1 - 1.50?

**couta1** · 05-04-2019, 06:39 AM

Originally Posted by bull....

downgrade must be coming sometime this yr lol , waiting for the stock slaughter might buy around 1 - 1.50?

Lol back to your downramping best after a few days of an unusual display of positivity as the power companies evangelist.

**minimoke** · 05-04-2019, 06:49 AM

Originally Posted by Snow Leopard

Not a good day for Turners on the ASX, down 24%

You forgot to mention it dropped AUD$0.69 to AUD $2.20.

However, given there was actually a trade The Board will no doubt have to visit Australia to investigate this virtually un-heard of event.

**bull....** · 05-04-2019, 07:53 AM

Originally Posted by couta1

Lol back to your downramping best after a few days of an unusual display of positivity as the power companies evangelist.

down ramping ? my analysis suggests it is envitable a downgrade must come , cant fudge the car down turn for ever.

**Balance** · 05-04-2019, 07:54 AM

Originally Posted by minimoke

You forgot to mention it dropped AUD$0.69 to AUD $2.20.

However, given there was actually a trade The Board will no doubt have to visit Australia to investigate this virtually un-heard of event.

Bizarre!

Last trade was in January 2019 and there's hardly any trading there.

Guess the Baker boys were trying to do a Trilogy? List on ASX and while the sp was trending upwards, place shares over there to the ever eager Ozzie instos?

Guess the Ozzies are a bit shy after getting the Trilogy shares from them at $3.70 so that's why nothing has happened on that front?

**blackcap** · 05-04-2019, 08:21 AM

Originally Posted by Balance

Bizarre!

Last trade was in January 2019 and there's hardly any trading there.

Guess the Baker boys were trying to do a Trilogy? List on ASX and while the sp was trending upwards, place shares over there to the ever eager Ozzie instos?

Guess the Ozzies are a bit shy after getting the Trilogy shares from them at $3.70 so that's why nothing has happened on that front?

The ASX listing is purely cosmetic. Many ASX funds and insto's require in their mandate that if they wish to purchase stock it must be listed on the ASX. Having the listing means that TRA are open for Australian fund managers to purchase TRA stock. They do so on the NZX because that is where the liquidity is. This has been discussed on this forum before.

**Balance** · 05-04-2019, 08:22 AM

Originally Posted by blackcap

The ASX listing is purely cosmetic. Many ASX funds and insto's require in their mandate that if they wish to purchase stock it must be listed on the ASX. Having the listing means that TRA are open for Australian fund managers to purchase TRA stock. They do so on the NZX because that is where the liquidity is. This has been discussed on this forum before.

Thanks, BC!

Appreciated!