- Forum
- Markets
- NZX
- TRA - Turners Automotive Group [previously TNR - Turners Limited]
-
02-08-2018, 10:25 AM
#2601
Hmmm...for holders the current trade depth on sell side looks very bearish, wonder which of the big boys selling, Milford or Salt?
-
02-08-2018, 10:57 AM
#2602
Originally Posted by sb9
Hmmm...for holders the current trade depth on sell side looks very bearish, wonder which of the big boys selling, Milford or Salt?
Just between you and me I think they have a few more than is on offer,[by a good few million].
Most probably just a few of Craigs' riff raff clients selling...lol
Last edited by percy; 02-08-2018 at 11:07 AM.
-
02-08-2018, 11:18 AM
#2603
Sorry...speaking of possible sellers I can't help myself. I can't help wondering about the reasons behind the distribution of shares previously held within the business bakery as an entity into each shareholders nominated account.
Now this hound knows business relationships often run their course for a variety of reasons but one possible reason the dog has been mulling over is a fundamental disagreement over the value of some of the companies owned within the former entity. Distribution of shares could be so that one that doesn't see such a bright future is free to sell on market in which case there could be quite a significant stock overhang.
All mindless speculation...I should probably go back inside my kennel and dream of happier times ahead. $4 in 12 months time, no worries.
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
-
02-08-2018, 11:29 AM
#2604
Agree.Geoff Ross followers will most probably be selling TRA while Grant Baker followers will be selling MOA.
I do not follow MOA so can not comment on it,however ,I can say no matter what TRA share price is doing ,the business of TRA is going from strength to strength.
Business confident may be down,however workers' confidence is up;
TRA's customers are "the workers".
-
02-08-2018, 12:12 PM
#2605
Originally Posted by percy
Business confident may be down,however workers' confidence is up;
TRA's customers are "the workers".
Whats the bet we will see Nurses and Teachers and IRD workers all turning up to work in the new year in new used cars. I've got my money on it.
-
08-08-2018, 06:17 PM
#2606
Testing this isnt the black monday thread.
-
08-08-2018, 07:18 PM
#2607
I am told the TRA presentation last night at local broker Hamilton,Hindin Greene went well.
My friend who went was most impressed.
Another friend who was at the Turners presentation I attended, said it was a shorter version of what we enjoyed.
TRA annual report arrived today.Makes for good reading.
-
09-08-2018, 03:57 AM
#2608
dont know if any of you follow ECX in aus similar company but they have had slowing sales in aus , also latest china data shows slowing car sales
https://www.bloomberg.com/news/artic...nomy-trade-war
one step ahead of the herd
-
09-08-2018, 08:37 AM
#2609
According to my friend who went to the TRA presentation on Tuesday night,Todd Hunter said Turners were trading well,so the NZ market appears to be different from China's .Note TRA do not sell new cars.
Yes I was lucky I did not buy any ECX.Their revenue growth will now be between 12-17% rather than their projected 27-30% but with the extra shares issued for the Grays acquisition, there will be no,or very little eps growth for the next two or three years.Their core business is leasing new vehicles.
Last edited by percy; 09-08-2018 at 08:42 AM.
-
09-08-2018, 08:47 AM
#2610
AHG in Australia (major new and second hand dealer with operations throughout Australia and quite a few dealerships in N.Z). tanking lately. Turners SP disappointing me. Broken down below 100 day MA. But all is well because Jascinda says she is taking on the ten year low in business confidence head on. No worries.
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
Tags for this Thread
Posting Permissions
- You may not post new threads
- You may not post replies
- You may not post attachments
- You may not edit your posts
-
Forum Rules
|
|
Bookmarks