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- TRA - Turners Automotive Group [previously TNR - Turners Limited]
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10-01-2019, 12:19 PM
#3961
Originally Posted by couta1
Not too negative overall, let the battle between Beagletron and the Percynator commence.
I think we've gone the full 12 rounds already lol
Ecclesiastes 11:2: Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
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10-01-2019, 12:26 PM
#3962
Originally Posted by Beagle
Thanks for the link.
Makes the doomsayers look ridiculous.
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10-01-2019, 12:28 PM
#3963
Not at all. Makes the supporters saying things are going great look like they have rose coloured glasses.
6% sales decline on how many more vehicle sales sites and based on what percentage increase in shares on issue ? When you look at the sales decline on an objective basis things are bad.
The only numbers that are growing strongly are directors fees lol
Ecclesiastes 11:2: Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
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10-01-2019, 12:31 PM
#3964
Originally Posted by Beagle
I think we've gone the full 12 rounds already lol
Good news really USED CAR DEMAND STRONG
When investors are euphoric, they are incapable of recognising euphoria itself
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10-01-2019, 12:42 PM
#3965
To be clear we are talking about a same stores sales decline of well over 10%. If KMD, HLG or any other retailer had of reported "strong" demand like that their SP would have been smashed. Just as well TRA have a share buy-back program going isn't it !
Bit like SUM telling us demand for units is strong eh...but because of "insert their very latest excuse" actual sales didn't happen. See a pattern here Winner ?
Last edited by Beagle; 10-01-2019 at 12:44 PM.
Ecclesiastes 11:2: Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
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10-01-2019, 12:53 PM
#3966
1.13 million used cars sold in 2018,down only 0.76% on the previous year.ie under 1%.
"The start of 2019 is looking like it will be positive for the industry."
Agreed.!
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10-01-2019, 12:57 PM
#3967
Industry down 6% .....Turners growing share could mean they are ahead.
When investors are euphoric, they are incapable of recognising euphoria itself
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10-01-2019, 01:04 PM
#3968
Originally Posted by percy
1.13 million used cars sold in 2018,down only 0.76% on the previous year.ie under 1%.
"The start of 2019 is looking like it will be positive for the industry."
Agreed.!
Yesterday you told us the ports of Auckland was log- jammed and overloaded with new stock coming in from Asia and couldn't keep up with demand lol
How can 2019 be positive for the industry if they can't get stock ?
Winner, maybe, but maybe not. Maybe TRA's sales are worse than industry average as more and more people buy through Trade Me ?
Last edited by Beagle; 10-01-2019 at 01:06 PM.
Ecclesiastes 11:2: Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
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10-01-2019, 01:11 PM
#3969
Check out POA gridlock for yourself.
I just heard about it from a ship's officer trying to get his car carrier ship into POA.
Turners have been quiet clear they are sourcing more stock within NZ.
New and better located sites will mean more market share gain,together with the 120 additional finance originators added in the past 6 months, TRA finance and insurance should be "well postioned."
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10-01-2019, 03:24 PM
#3970
This strong demand for cars helping Turners share price today
A close at 240 would be a ytd high.
When investors are euphoric, they are incapable of recognising euphoria itself
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