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

[iceman]

And no buyers at all !

[BlackPeter]

FNZC better put a bid on on behalf of TRA as there are currently no bidders.Lol

And no buyers at all !

When a stock goes ex dividend all bids are cancelled ... standard process.

Bidders are asked to review their bids and will probably come back over the day ...

[couta1]

FNZC better put a bid on on behalf of TRA as there are currently no bidders.Lol

Spoke too soon, Beagle has just put a bid on for 10k shares at $2.30, will the $2.36 seller give them up 6c cheaper.

[couta1]

When a stock goes ex dividend all bids are cancelled ... standard process.

Bidders are asked to review their bids and will probably come back over the day ...

Actually there was one buyer at $2.35 at open for half an hour, we do understand standard processes BP.

[Beagle]

Spoke too soon, Beagle has just put a bid on for 10k shares at $2.30, will the $2.36 seller give them up 6c cheaper.

LOL Beagle went sniffing at the PE's of Ford, GM, Fiat Chrysler, Honda, Toyota and BMW, all trading in single digit PE's, and is pondering what smell's so badly "off" about future vehicle demand and why ? Its very hard to figure as some of these companies are flat out working on electric vehicles so why the super low price multiples and what are the implications for the PE's of Colonial Motors and Turners ?

[BlackPeter]

LOL Beagle went sniffing at the PE's of Ford, GM, Fiat Chrysler, Honda, Toyota and BMW, all trading in single digit PE's, and is pondering what smell's so badly "off" about future vehicle demand and why ? Its very hard to figure as some of these companies are flat out working on electric vehicles so why the super low price multiples and what are the implications for the PE's of Colonial Motors and Turners ?

It is true - car manufacturers command at the moment quite undemanding PE's. I follow more some European car manufacturers and the SP of e.g. Volkswagen, BMW, Daimler are roughly at 60% of a 2015 peak - despite all of them still increasing their EPS.

Not sure however whether the share price slump (most of the damage was done in 2016 and some recovery since than) has much to do with markets being afraid of technological changes - it was more due to the outfall of the diesel emmission scandals.

Markets are afraid that there are still hidden / unknown costs which the manufacturers have to pay for - this is the reason the PE's are that low. I don't see though how this would be a problem for a used car dealer and insurer / finance company like TRA (vs car manufacturers)?

It is like saying because FBU might have still a lot of hidden skeletons in their closets (they probably do) we expect that real estate agencies will underperform. People will need to buy houses no matter whether FBU has home made - and they will need to buy cars, even if the car industry still suffers from the outflow of the largest emission cheating scandal of all times

[iceman]

Actually there was one buyer at $2.35 at open for half an hour, we do understand standard processes BP.

That is true. It was mine and I had to cancel it manually. Not sure why yet !!

[percy]

It is true - car manufacturers command at the moment quite undemanding PE's. I follow more some European car manufacturers and the SP of e.g. Volkswagen, BMW, Daimler are roughly at 60% of a 2015 peak - despite all of them still increasing their EPS.

Not sure however whether the share price slump (most of the damage was done in 2016 and some recovery since than) has much to do with markets being afraid of technological changes - it was more due to the outfall of the diesel emmission scandals.

Markets are afraid that there are still hidden / unknown costs which the manufacturers have to pay for - this is the reason the PE's are that low. I don't see though how this would be a problem for a used car dealer and insurer / finance company like TRA (vs car manufacturers)?

It is like saying because FBU might have still a lot of hidden skeletons in their closets (they probably do) we expect that real estate agencies will underperform. People will need to buy houses no matter whether FBU has home made - and they will need to buy cars, even if the car industry still suffers from the outflow of the largest emission cheating scandal of all times

I have never brought a car manufacture stock.Never will.Too many variables.
However, that has never stopped me owning a car.

[Beagle]

It is true - car manufacturers command at the moment quite undemanding PE's. I follow more some European car manufacturers and the SP of e.g. Volkswagen, BMW, Daimler are roughly at 60% of a 2015 peak - despite all of them still increasing their EPS.

Not sure however whether the share price slump (most of the damage was done in 2016 and some recovery since than) has much to do with markets being afraid of technological changes - it was more due to the outfall of the diesel emmission scandals.

Markets are afraid that there are still hidden / unknown costs which the manufacturers have to pay for - this is the reason the PE's are that low. I don't see though how this would be a problem for a used car dealer and insurer / finance company like TRA (vs car manufacturers)?

It is like saying because FBU might have still a lot of hidden skeletons in their closets (they probably do) we expect that real estate agencies will underperform. People will need to buy houses no matter whether FBU has home made - and they will need to buy cars, even if the car industry still suffers from the outflow of the largest emission cheating scandal of all times

Haven't most of the manufactures already settled most of the dieselgate claims ?

[percy]

Always something for an Auto manufacturer to settle,or recall..
It's the nature of the beast.