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

[Beagle]

Overseas studies have shown that if push comes to shove young people would rather do without a car than their fancy cellphone. The power of social media is immense.
These studies were probably done however in densely populated cities where people have ready access to public transport.
We are starting to see far more intense development with large multi story apartment blocks being developed in very close proximity to train stations in Auckland. This targeted intensive development will probably have some effect on vehicle demand in N.Z. in the future but it would be too hard to quantify at this stage.

[percy]

"Fake " news has no place on this forum.We saw it on HGH thread some years ago. where posters posted enough "Fake" news that one would have thought HGH were the only bank that lent to dairying.Then the Australian Royal Commission into banking was the "Fake" news that caused the weakness in HGH's share price.
The only new car market that affects NZ used cars is the Japanese market.And the flow on affect is not great for Turners, as they source a great number of their vehicles in NZ.

[percy]

Overseas studies have shown that if push comes to shove young people would rather do without a car than their fancy cellphone. The power of social media is immense.
These studies were probably done however in densely populated cities where people have ready access to public transport.
We are starting to see far more intense development with large multi story apartment blocks being developed in very close proximity to train stations in Auckland. This targeted intensive development will probably have some effect on vehicle demand in N.Z. in the future but it would be too hard to quantify at this stage.

We have a long way to go until our public transport is up to the standards of cities like London or New York.Even in cities such as Sydney and Melbourne a car is pretty handy.

[couta1]

We have a long way to go until our public transport is up to the standards of cities like London or New York.Even in cities such as Sydney and Melbourne a car is pretty handy.

Your right there if Wellington is anything to go by, very unreliable.

[percy]

Your right there if Wellington is anything to go by, very unreliable.

Yet I would have thought Wellington would have been one city you could manage without a car.

[winner69]

I thought using the term fake news was the polite way of telling those whose stuff you don’t agree with to F off

[Beagle]

Nothing forthcoming from the company regarding trading conditions since the "could be affected by 5-10% issued on 27 November 2018" but the unofficial company spokesman on here is obviously on first name terms with Todd so as an insider he would know and has been reminding us (almost daily) everything is fine so we're off to the races now and this stock must have been massively oversold at $2.14. Heck the company itself has been buying them back by the million so what could possibly go wrong from here...or is this a FAKE news post lol

[winner69]

Good to see the close today at the days high

Onwards and upwards from here I reckon

[dreamcatcher]

NOTED ...... My apologies for upsetting some locals on here with recent posts

[Baa_Baa]

Disagree as people purchasing a new car then dispose of old car through Turners NZ largest Used car dealer

But if people don't purchase a new car why would they sell their old car which in turn means Turners don't clip the ticket so new/old related imo

That's a good summation imo, even new sales yards have to unload the old cars traded-in that are no good to the new car sales yard or out of spec for their used cars 'holdings' profile, and Turners or the wreckers are the go to option for those new car sales yards -- they have to have a dumping ground or their new car sales deal (or late model used car) won't fly.

I've had a few vehicles over the years that I've driven into the ground or are terminally broken, and all of them were eagerly traded by the car yard because they flicked them over to Turners yard or auction who paid me an exit price. Some were really ****ed up, still the minimum trade offered was $3k, one was a absolute basket case, still got $10k for it. So Turners have a business model for near-to or end of life vehicles, one might assume it works for Turners otherwise they wouldn't take all those crappers

Interesting to flick through the Turners website and see some of the crap they do end up with, especially repo's and insurance claims. Makes one wonder what they do with that stuff if they can't sell it? Maybe they don't own them and are only selling on behalf? Maybe they clip the ticket on dumping the no sells into the metals merchants, the crushers.

percy will know, he knows everything about Turners and it's good to have his balancing insights when otherwise the crowd is and has been for ages baying for blood on TRA. I don't care much for his investment ideals and tolerance for capital losses, but it's good imho to have such a deep insight into the company and have a rational answer for almost everything negative said about the company. Food for thought, appreciated here, if not elsewhere.

Not far now until the 50MA resistance test at $2.33, if that is breached you'd have to think the low is in and then we might see some SP follow through action to the upside. Then again, that SP is resistance and could be a turning point reverting to (staying in) the down trend. TRA's SP definitely has taken a beating, not sure if it's warranted, but I don't argue with sentiment.