Low interest rates and low unemployment,together with an expanding foot print should mean Turners are trading OK.
I expect their finance division is still growing,as is their insurance division,and end of vehicle life logistics business.
The surprise may be their property division.
Low interest rates and low unemployment,together with an expanding foot print should mean Turners are trading OK.
I expect their finance division is still growing,as is their insurance division,and end of vehicle life logistics business.
The surprise may be their property division.
Worth pointing out Minimum Wage increases significantly in a few days with it rising to $20 in a couple of years. This will have the effect of applying a General Wage order - the one tide will lift many ships. Plenty of head room for people to take on additional debt to purchase car
Turners might still be paying a divie that attracts and holds the long term investors, but technically it's a dog and as we know management and directors have little sway over SP market sentiment. It has smashed a whole lot of investors capital, including that of some who love this company and bought up big a while ago just for the income. Assuming they don't have to sell, I guess it's all fine.
In July 2017 the SP topped at $3.97 after a two year recovery from a prior reversal. Since then it's been all downhill even recently faltering at the common resistance of the 50MA. Currently at $2.25 it's a 50%+ loss of capital. You'd have to be pretty committed to that income and safe from having to sell your shares to be dedicated to this decline in SP sentiment with no sign of a recovery anytime soon. Or have faith in the company and be patiently waiting for a low SP to buy into the income,
That's what sorts the income focused from the capital focused investors, one is immune to SP fluctuations for purposes of income, whereas the other is very sensitive to retaining and growing their capital.
Turners might still be paying a divie that attracts and holds the long term investors, but technically it's a dog and as we know management and directors have little sway over SP market sentiment. It has smashed a whole lot of investors capital, including that of some who love this company and bought up big a while ago just for the income. Assuming they don't have to sell, I guess it's all fine.
In July 2017 the SP topped at $3.97 after a two year recovery from a prior reversal. Since then it's been all downhill even recently faltering at the common resistance of the 50MA. Currently at $2.25 it's a 50%+ loss of capital. You'd have to be pretty committed to that income and safe from having to sell your shares to be dedicated to this decline in SP sentiment with no sign of a recovery anytime soon. Or have faith in the company and be patiently waiting for a low SP to buy into the income,
That's what sorts the income focused from the capital focused investors, one is immune to SP fluctuations for purposes of income, whereas the other is very sensitive to retaining and growing their capital.
How do you get to a 50%+ loss of capital from $3.97 down to $2.25? We're not quite below $2 yet...
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Originally Posted by percy
Maybe called "Dreamcatchers Cafe" with slogan "Catch a Dream Lunch Then Browse The Stock" 
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