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  1. #3946
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    Quote Originally Posted by percy View Post
    Shareholders equity has improved in the past year from 32.25% to 33.02%.
    Total assets have increased to $658,193 from $622,372.while shareholders' equity has increased from $200,736 to $217,347.
    All the time assets such as the "new" Wiri site has most probably doubled in value since TRA brought the site.
    The Turners and BuyRight sites have expanded,while the insurance business has bulked up.The finance business has added 120 or more originators.
    The business is in great shape,and the directors wisdom of bulking up all parts of the business is proving to be sound.Vertically intregrated business,with strong brands.
    Share holders equity has increased but this is because share holders are capitalising the company faster than it is spending. What is important that equity per share increases and what I see is a company that had 80 mil shares at the end of financial year 2018 and close to 89mil at present. By my calculations in the 1H19 equity per share has reduced from app $2.68 to $2.55.

    As I said before maybe it needs more time but ..............

  2. #3947
    percy
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    I hear there are three car carriers trying to get into Port of Auckland.
    Can't get in because there is no room to unload the cars.
    BuyRight Car's slow down must mean POA is grid locked.!!.....lol.

  3. #3948
    percy
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    Quote Originally Posted by forest View Post
    Share holders equity has increased but this is because share holders are capitalising the company faster than it is spending. What is important that equity per share increases and what I see is a company that had 80 mil shares at the end of financial year 2018 and close to 89mil at present. By my calculations in the 1H19 equity per share has reduced from app $2.68 to $2.55.

    As I said before maybe it needs more time but ..............
    What is really important is the long term structure and value that is being added to each division.
    Bit like a vineyard buying more really productive land.It will produce the results in years to come, and will continue to do so.
    The right decissions or plantings some times do not produce the goods for a year or two,or in a vineyard 3 to 5 years time.
    Last edited by percy; 09-01-2019 at 08:42 PM.

  4. #3949
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    Quote Originally Posted by winner69 View Post
    "........and pay exorbitant dividends?
    I'm quite happy with them, no need to wait 6 months either. PS-Only downside is that it will take 3 odd yrs worth of them at current SP to get my paperloss back.Lol
    Last edited by couta1; 09-01-2019 at 08:50 PM.

  5. #3950
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    What changed in Note 7 that required them to re-submit the Interim Report?

    Was it something to do with the vineyard not producing as much wine as they expected

    Should have elaborated a bit more than just say corrected
    Last edited by winner69; 09-01-2019 at 08:50 PM.
    “In a roaring bull market, knowledge is superfluous and experience is a handicap.”

    –Benjamin Graham”

  6. #3951
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    Quote Originally Posted by percy View Post
    What is really important is the long term structure and value that is being added to each division.
    Bit like a vineyard buying more really productive land.It will produce the results in years to come, and will continue to do so.
    The right decissions or plantings some times do not produce the goods for a year or two,or in a vineyard 3 to 5 years time.
    , Yeah, I fully agree with you there.
    The bit what makes me feel uneasy is that while the vineyard is closer to full production, the value of the vineyard rises slower than capital added to the vineyard.

  7. #3952
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    Quote Originally Posted by couta1 View Post
    I'm quite happy with them, no need to wait 6 months either.
    I get one soon don’t I?

    Help offset my smallish loss (as long as the share price doesn’t go down by the same amount)
    “In a roaring bull market, knowledge is superfluous and experience is a handicap.”

    –Benjamin Graham”

  8. #3953
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    Quote Originally Posted by percy View Post
    I hear there are three car carriers trying to get into Port of Auckland.
    Can't get in because there is no room to unload the cars.
    BuyRight Car's slow down must mean POA is grid locked.!!.....lol.
    What a "surprise" you would put a positive slant on this. Stink bugs are back with a vengeance. Unreported, but I have it on good authority a number of ships have been sent back overseas without being unloaded because stink bugs have been found aboard. I was lucky my new car came with a shipment of other new cars from Europe, (too cold for stink bugs up there at this time of year) but nonetheless the ship was delayed for a week as other ships with second hand cars from Asia ahead of it were searched thoroughly by MPI. I got my car late, in the nick of time for Christmas.

    Expect the stink bug issue might be raised as another excuse for the next downgrade....downgrades usually come in three's.
    Last edited by Beagle; 09-01-2019 at 08:53 PM.
    No butts, hold no mutts, (unless they're the furry variety).

  9. #3954
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    Just as well Turners are sourcing more cars from within NZ.!!!

  10. #3955
    percy
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    Quote Originally Posted by forest View Post
    , Yeah, I fully agree with you there.
    The bit what makes me feel uneasy is that while the vineyard is closer to full production, the value of the vineyard rises slower than capital added to the vineyard.
    Bit safer than vineyards.
    No weather or bug problems [other than stink bug].
    No worry being played off by three major UK supermarket chains.
    No worry about frosts.
    No currency concerns as NZ customers realise lower NZ $ means higher car prices.
    No worry having to store cars three or four years before you sell them.
    No worries about people's tastes changing.ie Will kids drink the same wine as their parents did.

    Who would ever invest in a vineyard/ ..LOL.

    Golly I am not getting far with "The Break" by Ronnie O'Sullivan.Only up to page 5.!!.
    Last edited by percy; 09-01-2019 at 09:00 PM.

  11. #3956
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    Quote Originally Posted by percy View Post
    Bit safer than vineyards.
    No weather or bug problems [other than stink bug].
    No worry being played off by three major UK supermarket chains.
    No worry about frosts.
    No currency concerns as NZ customers realise lower NZ $ means higher car prices.
    No worry having to store cars three or four years before you sell them.
    No worries about people's tastes changing.ie Will kids drink the same wine as their parents did.

    Who would ever invest in a vineyard/ ..LOL.

    Golly I am not getting far with "The Break" by Ronnie O'Sullivan.Only up to page 5.!!.
    Ok, last thought from me tonight on this subject.
    Maybe, just maybe if the company produced a good wine it could entice the directors to show up and attend the board meetings.

  12. #3957
    ShareTrader Legend Beagle's Avatar
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    Quote Originally Posted by forest View Post
    Ok, last thought from me tonight on this subject.
    Maybe, just maybe if the company produced a good wine it could entice the directors to show up and attend the board meetings.
    No butts, hold no mutts, (unless they're the furry variety).

  13. #3958
    percy
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    Quote Originally Posted by forest View Post
    Ok, last thought from me tonight on this subject.
    Maybe, just maybe if the company produced a good wine it could entice the directors to show up and attend the board meetings.
    Back to that again.
    I accepted the chairman of the meeting's explanation.
    Made good sense to me.
    Seemed I was the only one who did...lol

    PS.The Oyster Bay agm I attended The Chairman only half filled the glasses.Very tight I thought,[as did all other shareholders.!].
    pps.Not good,only up to page 15 of my book, and I have not had time to watch Cleetus McFarland on youtube tonight.lol.
    Last edited by percy; 09-01-2019 at 09:29 PM.

  14. #3959
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    http://www.sharechat.co.nz/article/c...r-downturnhtml

    Company spokesman will put a positive spin on this somehow.
    No butts, hold no mutts, (unless they're the furry variety).

  15. #3960
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    Quote Originally Posted by Beagle View Post
    http://www.sharechat.co.nz/article/c...r-downturnhtml

    Company spokesman will put a positive spin on this somehow.
    Not too negative overall, let the battle between Beagletron and the Percynator commence.

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