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

[winner69]

We’ve been lucky the NZX has been on fire lately ....else Turners share price would still be down around 220.....recent increase nothing to do with Turners actual performance ......the old rising tide lifts all ships trick

Not complaining though ...hoping share price gets into the 270s soon than winner won’t have to admit to being a loser

[percy]

Reader's Digest trusted brands.
Congratulations to Toyota Signature Class who took the top spot in the second hand/used car sales category followed by Turners.

[minimoke]

Reader's Digest trusted brands.
Congratulations to Toyota Signature Class who took the top spot in the second hand/used car sales category followed by Turners.

Jeez - is Readers Digest still a thing?

[Joshuatree]

Before this roadshow gets totally lost in the mists of time, a few musings:

1/ I see Turners are importing 6,000 cars from Japan each year (p3). Total used imports over a year are 164,000 (p6). So Turners imports make up 3.7% of the total import market.

2/ Total change of ownerships registered over the year were 1,130,000 (p7). No doubt this figure includes private sales and transfers. But 5% of this market represents 56,500 sales

3/ Average days of age of days in Inventory for Buy Right Cars down to 152. Yet target is much lower, 60-90days (from 2018 roadshow).

SNOOPY

Yes thanks Snoopy. Int that my local Turners branch said the majority of cars they buy come from dealers trade ins and that they have a very good symbiotic relationship.They also said they sell 200-250 cars a month and that they were needing to find bigger premises soon.

[percy]

Yes thanks Snoopy. Int that my local Turners branch said the majority of cars they buy come from dealers trade ins and that they have a very good symbiotic relationship.They also said they sell 200-250 cars a month and that they were needing to find bigger premises soon.

Made my day.
That is a huge amount of cars from one branch.....Gangbusters.!
And needing bigger premises.
I take it your "Floating Anchor" is still located in Tauranga?
I wonder whether they are selling more than Whangarei.?

[sb9]

Made my day.
That is a huge amount of cars from one branch.....Gangbusters.!
And needing bigger premises.
I take it your "Floating Anchor" is still located in Tauranga?
I wonder whether they are selling more than Whangarei.?

Once you check your bank a/c, you'll be even more happier. Divvy just got paid.

[percy]

Once you check your bank a/c, you'll be even more happier. Divvy just got paid.

Yes mine is there.
Nice surprise as I forgot I brought a few more.

[minimoke]

Mines arrived to. Which is good since my divies now exceed the total capital loss.

[Leftfield]

There was an interesting discussion on RNZ this afternoon on 'Microbility.' Here's the link.

In effect they are saying the next 'disrupter' for the car industry (and petroleum industry) is not cars or Ecars, but rather small EV's such as Ebikes and EScooters. If this is right, then there are implications for Z Energy and the likes of TNR. Have a listen and DYOR.

[percy]

Thank you to one of my Auckland friends, who sent me photos of the construction of Turners new Northshore branch, that is due to open in August.
He drives past the Archers Road site each day.
Looks as though it will be a decent sized operation.