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  1. #4726
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    Quote Originally Posted by percy View Post
    FNZC are doing the buyback for Turners.

    On 7th March 81,579 TRA shares were traded on market.
    On 8th March Tra announced they had brought back 35,042 shares...or 42.95% of the shares traded,not 30%

    On 5th March 48,722 TRA shares were traded on market.
    On 6th March TRA announced they had brought back 23,000 shares or 47.20% of the shares traded,not 30%.

    On 6th March 329,744 TRA shares were traded on market.
    On 7th March TRA announced they had brought back 163,000 shares,or 49.43% of the shares traded.not 30%
    Percy check out the percentage of shares bought back between 30 Jan and 8 of Feb, its by far the majority and some days there was a high number of shares traded.

  2. #4727
    percy
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    Quote Originally Posted by forest View Post
    Percy check out the percentage of shares bought back between 30 Jan and 8 of Feb, its by far the majority and some days there was a high number of shares traded.
    Very rough figures.
    On a number of days approx 85% of the shares traded were brought back by TRA.
    Confirms my thoughts that FNZC need to wait for the market to catch up, before they re enter the market.
    Last edited by percy; 20-03-2019 at 05:28 PM.

  3. #4728
    always learning ... BlackPeter's Avatar
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    I see CMO published their half yearlies already 4 weeks ago:

    https://www.nzx.com/announcements/330839

    Revenue up 4%, but earnings down 9.3%.

    The immediate outlook is for revenue to remain high but lower margins and higher costs will constrain trading profitability.
    I guess this fits well into the cyclical picture of the car market TRA published recently (https://www.sharetrader.co.nz/showth...l=1#post751258) - doesn't it?

    Maybe we should be prepared for the downturn in the industry to continue for the next couple of years ... A return to $3.80 might take a bit longer ;
    ----
    "Prediction is very difficult, especially about the future" (Niels Bohr)

  4. #4729
    percy
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    Maybe.?
    However I see TRA's
    Sales from new yards helping to keep sales up,and offering the opportunity for finance and insurance.
    finance ie Oxford Finance enjoying growth from incresed number of originators.Now approx 500 sites.
    Autosure enjoying growth.
    Service enjoying growth.
    Excellent property development [revaluations],and a possible good profit from a North Shore site sale.

    Whangarei.Interesting to note the new site is in a much better location and holds 25% more vehicles.Will yearly turnover be
    up 25% to 50% or more.?

    Possibly very large developments in both ChCh and Auckland.
    Last edited by percy; 21-03-2019 at 12:08 PM.

  5. #4730
    An Awesome Cool Cat winner69's Avatar
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    At this be of those friendly investor roadshow that’s NGOs last year I heard they were talking about doubling market share

    Wonder how that’s progressing
    “In a roaring bull market, knowledge is superfluous and experience is a handicap.”

    –Benjamin Graham”

  6. #4731
    percy
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    Progressing well.driven by both more sites and better located sites.
    Whangarei,New Plymouth,Hamilton {BuyRight Cars], and Wellington would be helping that strategy.
    New site on North Shore [Archers Road]should be open in August, and also a new development announced for Westgate.
    Last edited by percy; 21-03-2019 at 12:16 PM.

  7. #4732
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    Quote Originally Posted by percy View Post
    Whangarei,New Plymouth,and Wellington would be helping that strategy.
    Have they ever said what there market share is?

    Vaguely recollect somebody talking about 5%
    “In a roaring bull market, knowledge is superfluous and experience is a handicap.”

    –Benjamin Graham”

  8. #4733
    percy
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    I also "vaguely" remember 5%.

  9. #4734
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    Quote Originally Posted by percy View Post
    I also "vaguely" remember 5%.
    Does this answer the question ?

    TNRSsnip.png

    To me this says they have 10%
    Last edited by peat; 21-03-2019 at 03:05 PM.
    For clarity, nothing I say is advice....

  10. #4735
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    Maybe it was 5% and now about (but less than) 10%

    Doubled msrket share ...job well done
    “In a roaring bull market, knowledge is superfluous and experience is a handicap.”

    –Benjamin Graham”

  11. #4736
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    A marketeers nightmare.....

    .....41% say Turners most trusted used car dealer and 88% say they will use again .......but market share between 5% and 19%
    “In a roaring bull market, knowledge is superfluous and experience is a handicap.”

    –Benjamin Graham”

  12. #4737
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    Quote Originally Posted by winner69 View Post
    Maybe it was 5% and now about (but less than) 10%

    Doubled msrket share ...job well done
    The way they put that number of 10% out there at the investor road show was more an aspirational target. I doubt they are anywhere near that yet but who knows...
    No butts, hold no mutts, (unless they're the furry variety).

  13. #4738
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    Quote Originally Posted by Beagle View Post
    The way they put that number of 10% out there at the investor road show was more an aspirational target. I doubt they are anywhere near that yet but who knows...
    Doubling NZ used vehicle market share in less than one year would be impossible.
    I know it is a full moon ,but really.!!!
    I think they are on track,the new yards look great, and are offcourse "well positioned,"................lol.
    Last edited by percy; 21-03-2019 at 04:06 PM.

  14. #4739
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    Quote Originally Posted by percy View Post
    Doubling NZ used vehicle market share in less than one year would be impossible.
    I know it is a full moon ,but really.!!!
    I think they are on track,the new yards look great, and are offcourse "well positioned,"................lol.
    Our insider admits Turners are 'off course' and setting impossible sales targets? Time for all shareholders to worry?

    SNOOPY
    To be free or not to be free. That is the cash-flow question....

  15. #4740
    percy
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    Your comments should be directed at the other Beagle.

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