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- TRA - Turners Automotive Group [previously TNR - Turners Limited]
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14-06-2019, 01:36 PM
#5341
Originally Posted by Baa_Baa
The Basin site is awful, a tiny, partly gravel forecourt, shipping containers for offices, and of course the cars look even older and crappier because of all the high roller flash Harry’s car yards on both sides of Kent and Cambridge Tce’s. I think the whole thing looks cheap and nasty, doing the brand a disservice IMO.
Hope you got the thread mentally on ignore in time Percy.
Off to chop down a conifer to fill in the afternoon.
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14-06-2019, 01:39 PM
#5342
Originally Posted by percy
However on the darkside I just ignore the thread.
About to do the same here.!!!.
👍
Originally Posted by percy
All the same old tired arguements.
Just different posters posting them.
And the same old tired rebuttals from a single monotonous promoter, just the SP that is almost halved.
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14-06-2019, 01:39 PM
#5343
Originally Posted by percy
Thanks for your comments.
Turners state it is performing above budget.
And they also stated the sp is undervalued.
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14-06-2019, 01:40 PM
#5344
Oh Gosh! if I block you Percy I may only see about 30% of posts and mostly negative, horrible thought as we need balance ..............
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14-06-2019, 01:42 PM
#5345
Originally Posted by Baa_Baa
The Basin site is awful, a tiny, partly gravel forecourt, shipping containers for offices, and of course the cars look even older and crappier because of all the high roller flash Harry’s car yards on both sides of Kent and Cambridge Tce’s. I think the whole thing looks cheap and nasty, doing the brand a disservice IMO.
Worse house in the best street strategy?
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14-06-2019, 01:42 PM
#5346
Originally Posted by minimoke
Yes that’s it, have a googly walk down the road, for comparison
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14-06-2019, 01:45 PM
#5347
Originally Posted by Balance
Worse house in the best street strategy?
They’re not selling houses though are they. Do they own or lease the land?
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14-06-2019, 01:47 PM
#5348
Originally Posted by Baa_Baa
Yes that’s it, have a googly walk down the road, for comparison
Definitely the poor relative. Presumably price point on vehicles matches
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14-06-2019, 01:47 PM
#5349
Originally Posted by Baa_Baa
They’re not selling houses though are they. Do they own or lease the land?
Leased - short term probably and might have got it at cheap rates
It’s land taken by the NZTA for the flyover or whatever they end of doing around the Basin
Hence the shipping containers and gravel ...no future there
Last edited by winner69; 14-06-2019 at 02:00 PM.
”When investors are euphoric, they are incapable of recognising euphoria itself “
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14-06-2019, 02:08 PM
#5350
No wonder Turners need to do something to fix their business
ROIC for F19 slumped below 6% which is way below their cost of capital - another year of decline.
Probably that’s why the market values Turners at about its Book Value
”When investors are euphoric, they are incapable of recognising euphoria itself “
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