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

[winner69]

Turners have stated they are looking for expressions of interest for Oxford Finance.Should the price be right they will sell it.Otherwise they will retain it.
However they are still growing the business.In the year ended 31st March 2019 Oxford Finance loan book grew 9% to $254 m.

And finance segment operating profit less than year before

[Balance]

Turners have stated they are looking for expressions of interest for Oxford Finance.Should the price be right they will sell it.Otherwise they will retain it.
However they are still growing the business.In the year ended 31st March 2019 Oxford Finance loan book grew 9% to $254 m.

Guess who was the biggest lender to Buy Right Cars?

[percy]

And finance segment operating less than year before

While the number of active dealers selling Turners' finance offer continues to grow and was up 11% yoy to 419.

[winner69]

While the number of active dealers selling Turners' finance offer continues to grow and was up 11% yoy to 419.

...while share price down 21% yoy

[Balance]

...while share price down 21% yoy

Hard to go against the tide eh, W69?

Guess driving a Ferrari in NZ is a sure recipe for getting frustrated or getting plenty of traffic fines!

[Baa_Baa]

Another A$ 250k into the CL8 black hole. CL8 bit desperate for funding.

[winner69]

Another A$ 250k into the CL8 black hole. CL8 bit desperate for funding.

Pretty pathetic response to that rights issue eh baa_baa

Maybe they’ll do a mock up of how Carly (or whatever it is) is going to operate in NZ at the AGM ...that would get punters salivating.

[Balance]

Pretty pathetic response to that rights issue eh baa_baa

Maybe they’ll do a mock up of how Carly (or whatever it is) is going to operate in NZ at the AGM ...that would get punters salivating.

Darkest before dawn and that jazz?

Or is it Buy Right when it's wrong to sell?

I am getting confused!

[winner69]

Darkest before dawn and that jazz?

Or is it Buy Right when it's wrong to sell?

I am getting confused!

Once volumes pick up on the ASX the share price will get back over 3 bucks

[Baa_Baa]

Pretty pathetic response to that rights issue eh baa_baa

Maybe they’ll do a mock up of how Carly (or whatever it is) is going to operate in NZ at the AGM ...that would get punters salivating.

For sure it was a pathetic uptake from punters and underwriters, leaning on the underwriters guarantee and still way short of target, quite concerning actually.

Don't know if a mockup is needed, just go see it here. Easy to add a new 'Select your location', namely Turners locations. Anyway, obviously TRA aren't concerned dropping another 1/4 mill$ into CL8, so soon after the buy in.