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

[janner]

Been in a downward trend for just over a year now..

[BlackPeter]

Been in a downward trend for just over a year now..

Great sleuthing ;

However - what makes you think that this could not be the bend in the trend?

Last minimum was in March 2018 - since than higher highs (well, depending on how you measure them) and clearly higher lows.

MACD just turned "green" - indicating the start of a new uptrend.

Why do you think the share is still stuck in a downtrend?

[ratkin]

Great sleuthing ;

However - what makes you think that this could not be the bend in the trend?

Last minimum was in March 2018 - since than higher highs (well, depending on how you measure them) and clearly higher lows.

MACD just turned "green" - indicating the start of a new uptrend.

Why do you think the share is still stuck in a downtrend?

Seem to be a big queue of sellers.

[trader_jackson]

Been in a downward trend for just over a year now..

Hopefully the downtrend continues until September, before a huge rapid bigly rebound

Disclosure: small time shareholder, big time bond holder

[BlackPeter]

Seem to be a big queue of sellers.

Big queue?

TRA-depth.JPG

I guess it depends on your definition of "big" and "queue".

[winner69]

Great sleuthing ;

However - what makes you think that this could not be the bend in the trend?

Last minimum was in March 2018 - since than higher highs (well, depending on how you measure them) and clearly higher lows.

MACD just turned "green" - indicating the start of a new uptrend.

Why do you think the share is still stuck in a downtrend?

Suppose punters seeing what they want to see

[Beagle]

Have to concede TA doesn't look especially encouraging right at the minute but as Percy reminds us from time to time share prices follow earnings...
My thinking behind buying in before TA confirmed a new trend is this stock is very cheap and sometimes you have to go with FA over TA and let TA follow after all there is a vast number of fully priced shares on the market and it is very difficult to find real value with growth in EPS thrown in for nothing. No growth PE with the current low interest rates, (amendment to Benjamin Graham's 8.5 PE for no growth based on 4% risk free 10 year rate) I reckon is 10 based on 10 year Govt stock under 3% presently. Turners are trading on ~ 10 times last years earnings therefore I maintain that effectively shareholders are getting the growth for free and a divvy yield of 8.2% gross...so we're being paid handsomely to be patient and get free growth...how good is that !

[LAC]

Have to concede TA doesn't look especially encouraging right at the minute but as Percy reminds us from time to time share prices follow earnings...
My thinking behind buying in before TA confirmed a new trend is this stock is very cheap and sometimes you have to go with FA over TA and let TA follow after all there is a vast number of fully priced shares on the market and it is very difficult to find real value with growth in EPS thrown in for nothing. No growth PE with the current low interest rates, (amendment to Benjamin Graham's 8.5 PE for no growth based on 4% risk free 10 year rate) I reckon is 10 based on 10 year Govt stock under 3% presently. Turners are trading on ~ 10 times last years earnings therefore I maintain that effectively shareholders are getting the growth for free and a divvy yield of 8.2% gross...so we're being paid handsomely to be patient and get free growth...how good is that !

Now that you are in the tent, the old dog has seen the light

[janner]

Great sleuthing ;

However - what makes you think that this could not be the bend in the trend?

Last minimum was in March 2018 - since than higher highs (well, depending on how you measure them) and clearly higher lows.

MACD just turned "green" - indicating the start of a new uptrend.

Why do you think the share is still stuck in a downtrend?

It may or may not be the be the " bend in the trend " It has not been confirmed.

With fuel increases and the huge indebtedness of the general public. What is going to encourage them to buy cars..??

Why still stuck in a down trend. ?? . Did not say that.

[BlackPeter]

With fuel increases and the huge indebtedness of the general public. What is going to encourage them to buy cars..??

I could think about a number of reasons for people to buy newer but pre-loved cars now (or soon-ish) ...

- old car breaking down? Remember the overall age of the NZ car fleet ...
- looking for a more reliable ride ... (again ref to age of our car fleet)
- looking for a safer ride ... some people do appreciate the higher safety rating of newer cars.
- looking for a more economic (but still affordable car) with petrol prices going up?
- the urge to invest the gummit's winter subsidy not just in smokes and booze?
- feeling rich after all these expected outrageous pay rises this year?

So many good reasons to look for a better used car.

This must be glorious times for a well organised one stop shop serving second hand car buyers with cars, finance, insurance and maintenance ...