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- TRA - Turners Automotive Group [previously TNR - Turners Limited]
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05-12-2018, 03:20 PM
#3781
Originally Posted by winner69
Maybe that’s why most don’t love Turners or want to avoid it ......the association with Dorchester
Weren’t Dorchester one of those finance companies perceived to be a bit dodgy?
And one of the only finance companies to survive the GFC of 2008, kudos to them.
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05-12-2018, 03:52 PM
#3782
Originally Posted by bull....
i think doing the share buyback is good , but reducing the debt levels would make tra a much more appealing company.
Cash flows is what the market wants to see , if sales are declining so will there cash flow. 12 mil int exp is huge and not something you want to tackle in a declining market.
I don't think you understand their business. If your business is to borrow money at low rates and loan it to others at high rates, than having lots of debts is good.
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"Prediction is very difficult, especially about the future" (Niels Bohr)
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05-12-2018, 03:58 PM
#3783
Originally Posted by BlackPeter
I don't think you understand their business. If your business is to borrow money at low rates and loan it to others at high rates, than having lots of debts is good.
if there business was so good the share price wouldnt be 2.43 and down 25% for the ytd
i have given my suggestion to help the business
one step ahead of the herd
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05-12-2018, 04:12 PM
#3784
Originally Posted by bull....
if there business was so good the share price wouldnt be 2.43 and down 25% for the ytd
i have given my suggestion to help the business
C'mon bull, only trust the market sometimes, XRO went from $12 quickly up to $45 then back to $12 and then to $50, which market was right? PS- I'm comparing the sentiment not the stocks.
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05-12-2018, 04:12 PM
#3785
Originally Posted by percy
With 120 "new dealers" added in the past 6 months, finance and insurance will most probably increase,and help to improve cash flow,while Turners moving $4mil of their own originated deals to their Oxford Finance, rather than MTF, will improve margins.
Insurance reserves are being used to fund developments,rather than outside debt.
Originally Posted by BlackPeter
I don't think you understand their business. If your business is to borrow money at low rates and loan it to others at high rates, than having lots of debts is good.
Maybe bull... might say you don’t understand ‘leverage’
Debt ‘segmentstion’ is not known (haven’t checked with Snoops) but I see Borrowings are higher than Finance Receivables ...I don’t know whether that is was or not
If borrowing is so good (your comment) why have the had to go cap in hand to shareholders a few times late,y
Last edited by winner69; 05-12-2018 at 04:22 PM.
”When investors are euphoric, they are incapable of recognising euphoria itself “
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05-12-2018, 04:13 PM
#3786
Originally Posted by bull....
if there business was so good the share price wouldnt be 2.43 and down 25% for the ytd
i have given my suggestion to help the business
The market is (per definition) always right about setting the price, however it frequently errs regarding the value and the future potential of a company. No other way to explain the frequent and erratic oscillations of the share market.
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"Prediction is very difficult, especially about the future" (Niels Bohr)
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05-12-2018, 04:45 PM
#3787
Originally Posted by winner69
Maybe bull... might say you don’t understand ‘leverage’
Debt ‘segmentstion’ is not known (haven’t checked with Snoops) but I see Borrowings are higher than Finance Receivables ...I don’t know whether that is was or not
If borrowing is so good (your comment) why have the had to go cap in hand to shareholders a few times late,y
bit like the share market leverage works well when the tides in your favour
one step ahead of the herd
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05-12-2018, 05:28 PM
#3788
At least it didn’t go below 243 today ...that’s a positive sign
”When investors are euphoric, they are incapable of recognising euphoria itself “
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05-12-2018, 05:31 PM
#3789
i see at a quick glance imports at the ports for vehicles were lower in nov continuing lower from from sept / oct this yr. doesnt necessary mean lower sales just less inventory coming in.
one step ahead of the herd
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05-12-2018, 05:32 PM
#3790
Originally Posted by bull....
i see at a quick glance imports at the ports for vehicles were lower in nov continuing lower from from sept / oct this yr. doesnt necessary mean lower sales just less inventory coming in.
Turners have stated they are sourcing more cars within NZ.
Maybe that's why there are fewer imports.?
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