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

[percy]

Lots of cheap cars soon through forced sales. I wonder if they will go back to auctions where they make a cut much quicker and do not care what the price is so much as long as they get it sold. I guess they will slow their Japanese import business.

They have only stopped auctions because of the lock down.
I would guess they will have no need to import Japanese cars for some time.
Consignment stock will keep them flat out,when they come out of lock down..

[Baa_Baa]

They have only stopped auctions because of the lock down.
I would guess they will have no need to import Japanese cars for some time.
Consignment stock will keep them flat out,when they come out of lock down..

Assuming there are buyers. Punters will be looking carefully at discretionary purchases, especially largish capital expenses. Relative to their spending/budgets.

Carly put on the never never as well, that's only a couple of mill $AU invested, but who'd rent a car right now when you're not even allowed out to drive it, except for the groceries.

Troublesome times but you wouldn't know it from the company updates, all good, nothing to see here, she'll be right. Yeah Nah, imho.

[Beagle]

We haven't even been in lockdown for one whole week yet and their balance date is today. Less than one week and the effect is that they were at the top end of guidance but are now just meeting guidance. Reads between the lines. Just 6 days of lockdown has made a meaningful difference. How do they go in FY21 if the lockdown ends up being for another 6 weeks ?

[percy]

We haven't even been in lockdown for one whole week yet and their balance date is today. Less than one week and the effect is that they were at the top end of guidance but are now just meeting guidance. Reads between the lines. Just 6 days of lockdown has made a meaningful difference. How do they go in FY21 if the lockdown ends up being for another 6 weeks ?

Best described as "well positioned."............................lol.
Well certainly the best positioned in their sector.
Wonder whether AIR may get them to auction a few planes.?

[Beagle]

I'm sure I recall you saying they were well positioned a few years ago at $3.90 Still... I suppose that's better than saying THL were well positioned at over $6, so its all relative isn't it and to be fair I thought AIR were well positioned at around $3 last year They could see a big influx of campervans !

[percy]

I'm sure I recall you saying they were well positioned a few years ago at $3.90 Still... I suppose that's better than saying THL were well positioned at over $6, so its all relative isn't it and to be fair I thought AIR were well positioned at around $3 last year They could see a big influx of campervans !

And camper vans too.
Gee Whiz they are going to be going gang busters.
Incredible opportunities for them.

[winner69]

So guidance for H121 at this stage is Turners expects adverse impacts on 1H21.

Not quantifiable

Let’s see how this pans out

[macduffy]

So guidance for H121 at this stage is Turners expects adverse impacts on 1H21.

Not quantifiable

Let’s see how this pans out

Yes, all the above applies to all companies. Any "guidance" should be taken with a large lump of the saline stuff.

[winner69]

Yes, all the above applies to all companies. Any "guidance" should be taken with a large lump of the saline stuff.

As they say historical data may be recent, but it is already dated

Turners profits been declining for a while ...even in good times ....I hope current events don’t make them toast

[percy]

Should the current lock down continue for a year or two, I would expect Turners will be the last car dealer left standing before being "toasted."
Think most Mall retailers will be lucky to survive just a few months.
A lock down of under 2 or 3 months will see Turners coming out and going gangbusters.