TRA - Turners Automotive Group [previously TNR - Turners Limited]

[Beagle]

Retailers such as Briscoes and HLG have adapted to online.{including overses competition].
Big part of their business.
So is the case with Turners.
HGH,and other finaniers also offer car/appliances etc loans online.
The big difference is TRA offer the "whole" package including a 7 day money back gurantee.They are the leaders in their field,and I think I read they were growing market share..
.

If you're buying a $30 widget are you going to take the trouble to compare prices through channels other than your local HLG or Briscoes store ? Probably not.
If you're going to buy a $30,000 motor vehicle are you going to cross shop every possible option through every possible channel, quite probably.
For this reason I think HLG and Briscoes are far less vulnerable to dsintermediation.

[percy]

If you're buying a $30 widget are you going to take the trouble to compare prices through channels other than your local HLG or Briscoes store ? Probably not.
If you're going to buy a $30,000 motor vehicle are you going to cross shop every possible option through every possible channel, quite probably.
For this reason I think HLG and Briscoes are far less vulnerable to dsintermediation.

Not so.
The leavers ball at Riccarton High last year.Every or nearly every girl brought their ball gown from USA.
Turners sell cars mainly under under $20,000.
I expect there would be few people buying a car who did not inspect it first.
Turners have the most trusted brand,and their online sales offers a 7 day money back gurantee.
It appears to me Turners are well ahead of the field, when it comes to footprint,both physical and online.
This is why they are the largest sellers of second hand vehicles in NZ,and their growth strategy means their market share will grow.

[Beagle]

At the risk of overstating the obvious a ball gown is not a $30 widget. Time will tell with this one.

[winner69]

She's going lower.

Jeez it it hits BlackPeter’s stop loss there will be carnage

[couta1]

Jeez it it hits BlackPeter’s stop loss there will be carnage

Or our friend mm's one.

[winner69]

Or our friend mm's one.

Both Mm and BP selling ......REAL CARNAGE

And the company can only buy a relatively small %age of them ....its up to you and Percy in the absence of insiders buying to save the day

[Snoopy]

Possibly because Milford Asset Management do not own the shares but the following entities:

Milford Active Growth Wholesale Fund (3.606%), (Custodian - NNL Custodians),
Milford NZ Equities Wholesale Fund (2.520%), (Custodian - NNL Custodians),
Milford
Income Wholesale Fund (1.339%), (Custodian - NNL Custodians), Milford
Australian
Absolute Growth Wholesale Fund (0.194%), (Custodian - NNL Custodians),
Milford
Australian Absolute Growth Fund (0.336%), (Custodian - NNL Custodians)

Thanks for the above break down. Confirms Peat was right.

They may be listed in a variety of nominees. Although Milford the Fund manager do know that they need to aggregate these for reporting purposes.

I do not have a problem with this at all. I as a shareholder can see by announcements to the NZX that Milford is a SSH!. The Annual Report is 2 months out of date anyway so has little relevance to me the investor.

If all other substantial shareholders have to be 'named' come annual report time, I don't see why Milford should be left out, I don't think that shareholders should have to look back over a year or more of press releases just to find out who the substantial shareholders are, I don't think shareholders reading the list of substantial shareholders in the annual report would expect it to be incomplete.

Last years annual report was released on 28th June. The table in the annual report listed shareholders on record as at 15th June. So the shareholder table was only twelve days old, not two months out of date as you suggested.

SNOOPY

[Beagle]

chart.tra.jpg
Picture says a 1000 words. That's just plain UGLY.

[percy]

Complain to NZX.
Years ago SCY company secretary upset NZCSD by sending them one annual report.
They asked for more.
He said sorry you only have one entry.
Name the others and I will send the correct number of reports.
We can't do that.
His reply was classic; "tough".

[winner69]

A year ago loyal dealers got 30,914 Turners shares as a reward for referring punters to Turners finance and insurance business. That was thevreward for the last half of 2017.

Wonder if this scheme still in operation .....and wonder if getting Turners shares achieves ‘a strong sense of ownership from the dealer channel and aligns our objectives.’

Hope these dealers don’t sell their hard earned shares.

PS - wonder where the shares came from ....Turners don’t appear to have issued any for this purpose ...must have had a few spare ones lying in the bottom drawer