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  1. #3916
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    Some months ago, when they announced the next 3 quarterly divs, what they were really saying is don't expect anything exciting or dynamic in financials over the next 12 months I invariably seem to get my timing wrong. However, in 60 years of playing with the Stockmarket, I have managed to keep my head above water. Have or had friends {some have died) who lost everything 1987

  2. #3917
    An Awesome Cool Cat winner69's Avatar
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    Turners market cap $30.8m less than what it was before buyback announcement

    That’s 12.6% less ....quite a lot of shareholder wealth gone in last month
    “In a roaring bull market, knowledge is superfluous and experience is a handicap.”

    –Benjamin Graham”

  3. #3918
    percy
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    Positive the share buy back is buying shares 12.6% cheaper.................lol.

  4. #3919
    Dilettante
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    Haha. Love the last 2 posts. Great example of glass half empty or glass half full :-)

  5. #3920
    An Awesome Cool Cat winner69's Avatar
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    Quote Originally Posted by iceman View Post
    Haha. Love the last 2 posts. Great example of glass half empty or glass half full :-)
    ha ha

    one statement is fact

    one statement is subjective ....said in context of hoping like hell its 'factual'
    “In a roaring bull market, knowledge is superfluous and experience is a handicap.”

    –Benjamin Graham”

  6. #3921
    percy
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    Quote Originally Posted by winner69 View Post
    ha ha

    one statement is fact

    one statement is subjective ....said in context of hoping like hell its 'factual'
    As always I choose to see both as factual.
    No surprises there.!...lol.

  7. #3922
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    Is the glass half full, or half empty...or perish the thought, simply half a glass no matter how you look at it ! (i.e. just an average company with average prospects)
    Cheap, or cheap for a reason ?
    Last edited by Beagle; 30-12-2018 at 11:51 AM.

  8. #3923
    percy
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    Bit like EBO,RYM,MFT,FRE,SCL,RBD,and POT.
    I expect you would have said the same about them,as they too were cheap once.

    PS.They did/do what they said they would/will do.
    Last edited by percy; 30-12-2018 at 07:29 PM.

  9. #3924
    An Awesome Cool Cat winner69's Avatar
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    At least TRA share price didn’t go down today like a lot of stocks
    “In a roaring bull market, knowledge is superfluous and experience is a handicap.”

    –Benjamin Graham”

  10. #3925
    percy
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    Quote Originally Posted by winner69 View Post
    At least TRA share price didn’t go down today like a lot of stocks
    Correct.Including EBO,RYM,MFT,FRE,SCL,RBD,and POT.All down.?

  11. #3926
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    Headline from todays interim report
    "Turners delivered a 28% increase in profit in the first half of the 2019 financial year, despite some challenges in the automotive retail sector. The result was driven by a consistent performance across all sectors, and the benefit of a $3.4m gain on a property sale.”

    Now to delve into the detail.

  12. #3927
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    Outlook (look for the clue that shows Percy must be on a retainer for helping them write their reports)

    “The investments we are making into training and development, fintech, product innovation and the customer experience will deliver further benefits in the second half.

    We are expecting to see a continued positive performance from insurance and an improving performance from finance as we reposition our lending profile.

    However, we are cognisant of the current challenges in the automotive retail market which have carried through into the second half of the financial year. If these continue, they could impact our NPBT guidance of $34m to $36m by up to 10%.

    We remain confident in our strategy and long term prospects. New Zealand’s aging fleet will see hundreds of thousands of cars needing replacement over the next decade and we are well positioned to meet this need.

    In addition, the challenging conditions will inevitably lead to consolidation in the dealer market which will provide Turners with further opportunity in the medium term, as we focus on building market share.

    There will always be a need for a trusted business like Turners which can provide multiple channels for customers to buy and sell vehicles. We are able to offer all the add-ons that customers are looking for – finance, insurance and auto care services.”

  13. #3928
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    i mentioned i believed sales would fall 10 - 20% end of the year last looked weak
    bull

  14. #3929
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    Hmm - did anybody notice anything new in this report (but the more detailled financials)? It just seems to reiterate the exact statements made at the time of the HY results in November 2018.

    A bit sad that they don't even seem to make a comment on the performance of Q3 (at least I didn't find any). Come on guys, we are now in Q4 and even if they haven't yet completed the numbers for Q3 they for sure would know which direction the sales and margins went ...
    ----
    "Prediction is very difficult, especially about the future" (Niels Bohr)

  15. #3930
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    Quote Originally Posted by BlackPeter View Post

    A bit sad that they don't even seem to make a comment on the performance of Q3 (at least I didn't find any). Come on guys, we are now in Q4 and even if they haven't yet completed the numbers for Q3 they for sure would know which direction the sales and margins went ...
    They kind of did when they said the current automotive challenges have carried through to the second half of the year. So that addresses Q3 and we await Q4

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