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  1. #4711
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    Undercover snoop number 2

    Dropped into Turners in Hamilton last friday early arvo.
    Great location very visual, from the busy road, like tauranga, modern looking, simple lines and tidy as.Zillions of vehicles.

    Went in through the side entrance this time straight to the free standing workstation in the big open shed full of cars. Unlike tauranga no one at it and the staff strolled around ignoring us, nothing brisk here. I finally went back to office in main entrance and had to ask where the catalogues were, hard to find, they were on both counters in tauranga. My mate came back from the toilet and someone had turned up at work station. He asked about EV's and Hybrids. She couldn't help him!!!?.Couldnt find if they had any!

    We spent about 20 mins there, it was bigger and more stock then tauranga. We didn't see even ONE punter looking the whole time!!!.

    Maybe they would sell more cars if they offered with each purchase a free massage with a happy ending?

  2. #4712
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    I think most punters are looking online now and physically only turn up on the weekends to test drive and haggle the deal.
    I've previously been to the massive yard Andrew Simms has at Botany Downs on a Tuesday and was the only one their evaluating a car and that dealership represents quite a number of marques and is VAST.

  3. #4713
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    Yes im planning a weekend visit and it would be interesting to know what % goes to dealers.

  4. #4714
    always learning ... BlackPeter's Avatar
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    Default comparing potatoes with potatoes ...

    Still trying to use the TRA story to learn - and find the current "uplifting mood" on this thread quite interesting.

    So - where are we?

    SP lifted from a low of $2.14 to previous highs of $2.33 (but not higher). No higher highs;
    Volume was throughout the bounce neglegible, low even for such an illiquid stock. No big buyer, no market support.
    SP just scratched the MA50 and is ways below MA100 and MA200;

    Looking at the trendline - the indicators for the current bounce look quite similar to the bounce around October last year (compare the blue potatoes with the red potatoes ;

    InkedTRA190319.jpg

    Similar SP bounce (obviously different start and end points), similar low volume and similar RSI shape and level.

    While I wish holders all the best - I think there is a good chance the bouncing cat is dead ... not seeing any signs of market confidence.

    But of course - they could come out tomorrow and telling us about this amazing upswing in the second hand car market - and up she would go ;
    ----
    "Prediction is very difficult, especially about the future" (Niels Bohr)

  5. #4715
    percy
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    I was in AutoDream the other day looking at a 2005 Nissan Bluedird done 16,303 klms.Idea was to replace the daughter's which has done 130,000klms.
    Asked the salesman whether trade was a bit slow?.No "about nornmal."
    Perhaps posters may have realised used car sales are "about normal."
    Then again, if you read the link W69 gave post # 4670 page 312 on this thread,we know Turners developments produce great results,"The whole nine yards."
    Even better to know this site is owned by Turners,and it will produce great results for years to come."Turners Corner".
    Last edited by percy; 19-03-2019 at 01:03 PM.

  6. #4716
    An Awesome Cool Cat winner69's Avatar
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    Quote Originally Posted by BlackPeter View Post
    Still trying to use the TRA story to learn - and find the current "uplifting mood" on this thread quite interesting.

    So - where are we?

    SP lifted from a low of $2.14 to previous highs of $2.33 (but not higher). No higher highs;
    Volume was throughout the bounce neglegible, low even for such an illiquid stock. No big buyer, no market support.
    SP just scratched the MA50 and is ways below MA100 and MA200;

    Looking at the trendline - the indicators for the current bounce look quite similar to the bounce around October last year (compare the blue potatoes with the red potatoes ;

    InkedTRA190319.jpg

    Similar SP bounce (obviously different start and end points), similar low volume and similar RSI shape and level.

    While I wish holders all the best - I think there is a good chance the bouncing cat is dead ... not seeing any signs of market confidence.

    But of course - they could come out tomorrow and telling us about this amazing upswing in the second hand car market - and up she would go ;
    Similar patterns bid 2017 ...before it kicked on to $3.80 ...need to consider the green potatoes

    But the most important pattern in play at the moment is the perfect inverse bell curve one......looking good for $3.80 next year.
    Last edited by winner69; 19-03-2019 at 01:15 PM.
    “In a roaring bull market, knowledge is superfluous and experience is a handicap.”

    –Benjamin Graham”

  7. #4717
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    Quote Originally Posted by percy View Post
    I was in AutoDream the other day looking at a 2005 Nissan Bluedird done 16,303 klms.Idea was to replace the daughter's which has done 130,000klms.
    Asked the salesman whether trade was a bit slow?.No "about nornmal."
    Perhaps posters may have realised used car sales are "about normal."
    Then again, if you read the link W69 gave post # 4670 page 312 on this thread,we know Turners developments produce great results,"The whole nine yards."
    Even better to know this site is owned by Turners,and it will produce great results for years to come."Turners Corner".
    Percy you sure that one hasn't been around the clock ?

  8. #4718
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    Quote Originally Posted by stoploss View Post
    Percy you sure that one hasn't been around the clock ?
    LOL I was thinking exactly that myself. 16,000 km's for a 14 year old car, what could possibly go wrong lol
    But it will come with a "certified" odometer so it must be correct lol

  9. #4719
    percy
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    Quote Originally Posted by stoploss View Post
    Percy you sure that one hasn't been around the clock ?
    Yes,you cheeky blighters..
    I brought mine new one with 19,500 klms and this one is in the same condition.Perfect.
    Daughter's [my old one] still goes really well.

    ps Neither you,or Beagle had any complaints when you rode in the old one...lol.
    Last edited by percy; 20-03-2019 at 03:35 PM.

  10. #4720
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    I note we have had no share buy back announcements since 8th March.

  11. #4721
    always learning ... BlackPeter's Avatar
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    Quote Originally Posted by percy View Post
    I note we have had no share buy back announcements since 8th March.
    Funny coincident - 8th of March was the day the SP started to rise (though note my previous posts - on very weak volume).

    Maybe buy backs not so good for the SP?
    ----
    "Prediction is very difficult, especially about the future" (Niels Bohr)

  12. #4722
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    Quote Originally Posted by percy View Post
    I note we have had no share buy back announcements since 8th March.
    Could be because the company is now in possession of sensitive information (eg. trading update) which must be disclosed before any more trading by insiders is allowed - company being an insider.

  13. #4723
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    Quote Originally Posted by Balance View Post
    Could be because the company is now in possession of sensitive information (eg. trading update) which must be disclosed before any more trading by insiders is allowed - company being an insider.
    Does the trading update not need to be announced as soon as the company is in possession of said information? Ie they cannot sit on it can they? Or have I got my rules mixed up. I thought if it was material immediate disclosure was required.

  14. #4724
    always learning ... BlackPeter's Avatar
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    Quote Originally Posted by blackcap View Post
    Does the trading update not need to be announced as soon as the company is in possession of said information? Ie they cannot sit on it can they? Or have I got my rules mixed up. I thought if it was material immediate disclosure was required.
    I think you are right.
    ----
    "Prediction is very difficult, especially about the future" (Niels Bohr)

  15. #4725
    percy
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    Quote Originally Posted by BlackPeter View Post
    Funny coincident - 8th of March was the day the SP started to rise (though note my previous posts - on very weak volume).

    Maybe buy backs not so good for the SP?
    I think FNZC may have been buying more than the 30% traded.Some days it appeared to me they were buying close to 49% of the shares traded.

    Perhaps they are now waiting for the number of shares traded to match the number they have already brought.?

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