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

[Balance]

Never had anything to do with Fonterra.
Another one of your's.?

Nope - but logic is the same.

https://www.stuff.co.nz/business/ind...wing-complaint

10m Fonterra shares but they have not lost 1 cent.

[percy]

Will leave Fonterra to you.

[winner69]

New car dealers lamenting continued slowing down of new vehicle purchases — could be 8% or more down for the year

Good news for the likes of Turners though

[Balance]

New car dealers lamenting continued slowing down of new vehicle purchases — could be 8% or more down for the year

Good news for the likes of Turners though

But of course.

Those who cannot afford to buy new cars will buy a used car instead?

A second hand Ferrari is cheaper than a new BMW SUV.

[winner69]

What investment is risk-free BP ? I guess the question is where does it fit on the curve ? 7.39% feels to high. Not sure we will get to 5.0% ($3.40) tho.

Govt Bonds currently less than 1% .....risk free

Turners Bonds quoted at 4% .....an indication of ‘company risk’. Quite high as a lot of corporate bonds around the 2% mark (+/-0.5%)

Equity Risk Premiums are more subjective but currently many have the ERP in NZ at 3%-4% — which implies a reasonable yield for TRA shares is say 7%-8% ....hmmm

So maybe market is about right (won’t say efficient) at the moment ....but this is all theoretical stuff and doesn’t take into account blue skies and generally the sun shines bright when the sky is blue ......and even the full moon plays its part.

[RTM]

Govt Bonds currently less than 1% .....risk free

Turners Bonds quoted at 4% .....an indication of ‘company risk’. Quite high as a lot of corporate bonds around the 2% mark (+/-0.5%)

Equity Risk Premiums are more subjective but currently many have the ERP in NZ at 3%-4% — which implies a reasonable yield for TRA shares is say 7%-8% ....hmmm

So maybe market is about right (won’t say efficient) at the moment ....but this is all theoretical stuff and doesn’t take into account blue skies and generally the sun shines bright when the sky is blue ......and even the full moon plays its part.

Thanks....good way of considering it.

[Joshuatree]

Int comment on car sales rate in Aus.
"Whilst the market for new cars has been challenging, the
used car market has continued to grow. During the year we recorded growth in used car lead volumes, a decline in average time to sell and excellent growth in traffic to the carsales site."

[sb9]

Int comment on car sales rate in Aus.
"Whilst the market for new cars has been challenging, the
used car market has continued to grow. During the year we recorded growth in used car lead volumes, a decline in average time to sell and excellent growth in traffic to the carsales site."

That's nice. Hopefully there's a nice surprise waiting for us next week at ASM.

Trading depth is looking very encouraging this week.

[percy]

The current share price is $2.38.
It has moved ahead of the 100 day moving average $2.36, and the 200 day moving average $2.35.[yahoo finance chart]
There are 419,142 shares yet to be brought in the current share buy back.
Currently buyers want 11,293 shares at $2.36, while the seller of 5,999 wants $2.38.
The agm is one week away.

[sb9]

The current share price is $2.38.
It has moved ahead of the 100 day moving average $2.36, and the 200 day moving average $2.35.[yahoo finance chart]
There are 419,142 shares yet to be brought in the current share buy back.
Currently buyers want 11,293 shares at $2.36, while the seller of 5,999 wants $2.38.
The agm is one week away.

Into the 2.40s now...