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  1. #4696
    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.

  2. #4697
    An Awesome Cool Cat 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.
    “Imagination is more important than knowledge.”

  3. #4698
    percy
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    Very consistant....lol.
    Divie seems to be consistantly increasing?

  4. #4699
    Gnawing on Bones 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)
    No butts, hold no mutts, (unless they're the furry variety).

  5. #4700
    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.

  6. #4701
    Legend
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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.

  7. #4702
    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.

  8. #4703
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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.
    You must have missed it W69.
    Wasn't this the same company that commissioned research into director fees that surprisingly indicated they needed a pay rise. With no mention of closest peer cml director fees.

    I wouldn't trust any of their self commissioned research

  9. #4704
    percy
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    Quote Originally Posted by minimoke View Post
    Wasn't this the same company that commissioned research into director fees that surprisingly indicated they needed a pay rise. With no mention of closest peer cml director fees.

    I wouldn't trust any of their self commissioned research
    Perhaps you would trust your own experience of excellence from Turners, when you last brought a vehicle from them.?
    I know I trust my daughter's experience of Turners excellence when she brought a car from them.
    Last edited by percy; 15-03-2019 at 07:22 AM.

  10. #4705
    Legend minimoke's Avatar
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    Quote Originally Posted by percy View Post
    Perhaps you would trust your own experience of excellence from Turners, when you last brought a vehicle from them.?
    I know I trust my daughter's experience of Turners excellence when she brought a car from them.
    Last time was towards end of last year. With the Russian firm just behind Turners. Excellent service, car and price. Turners did not stock vehicle we were after (Subaru).

    Before that was "Firm That Shall Not Be Named" but man, their cars seemed too cheap as were their facilities. Dodgy car and I wonder if staff had work permits. Didn't buy

    Before that some guy flogging a few cars out of his garage. Great guy, great car great price.

    Before that Hyundai dealership. Great service, great price, great car. Even better was after sales support. Charged me about 5 bucks to replace a rear bulb that was tricky to get out.

    Before that Value Cars Warehouse. Great car, great service, great price. Put right iffy battery before sale.

    All cars ran really well with no problems.

    Geez - there really is quite the selection!

  11. #4706
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    You will be forgiven to think that you missed that profit upgrade announcement from company...there wasn't one.

  12. #4707
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    Market profoundly dislikes uncertainty. Now that the company has ostensibly confirmed the tougher trading conditions they articulated in late November 2018 some of the uncertainty is removed. Didn't notice any really strong adjectives in their presentation like extremely tough or very challenging so maybe an okay-ish sort of result coming for FY19 ?
    No butts, hold no mutts, (unless they're the furry variety).

  13. #4708
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    Quote Originally Posted by Beagle View Post
    Market profoundly dislikes uncertainty. Now that the company has ostensibly confirmed the tougher trading conditions they articulated in late November 2018 some of the uncertainty is removed. Didn't notice any really strong adjectives in their presentation like extremely tough or very challenging so maybe an okay-ish sort of result coming for FY19 ?
    You never know - TRA may really really surprise by announcing a profit upgrade indeed!

  14. #4709
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    There never was a downgrade ....most just assumed it to be

    NPBT will still be $35m to $36m

    Is that an upgrade ..no ....but better than expected seeing the possible hasn’t likely happened
    “Imagination is more important than knowledge.”

  15. #4710
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    Close at 233 — cool

    Never again to see the 220s

    Better than expected guidance = share price back to 3 bucks sooner than later
    “Imagination is more important than knowledge.”

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