No word from Todd Turner since late November about financial performance
Everything must be going tickety boo
Shame share price down about 50% from recent highs
Makes a bit of a mockery of the continuous disclosure rules one would think. Or maybe Turners really are not straying outside their guidance. Now that would be a boost.
i am struggling to see how they will pay there debts back if car auctions decline. who wants to buy a car for starters in this environment ( you have to assume there biggest market is lower paid people and they are the ones to be affected the most at the moment) and who wants to be in a crowd of people sweating and yelling and possibly spraying corona spray every where why they bidding for there car
i am struggling to see how they will pay there debts back if car auctions decline. who wants to buy a car for starters in this environment ( you have to assume there biggest market is lower paid people and they are the ones to be affected the most at the moment) and who wants to be in a crowd of people sweating and yelling and possibly spraying corona spray every where why they bidding for there car
People generally always buy cars and forget paying their other debts.
i am struggling to see how they will pay there debts back if car auctions decline. who wants to buy a car for starters in this environment ( you have to assume there biggest market is lower paid people and they are the ones to be affected the most at the moment) and who wants to be in a crowd of people sweating and yelling and possibly spraying corona spray every where why they bidding for there car
The model has changed from 100% auctions to being c60-70% retail though, and the remaining auctions can be attended online. So a much different proposition than what it was a few years ago
The model has changed from 100% auctions to being c60-70% retail though, and the remaining auctions can be attended online. So a much different proposition than what it was a few years ago
fair point , still the market served is probably more based at the lower end of the income spectrum hence the most affected in this environment.
I think in hindsight not doing the share buyback for the benefit of the largest s/h's would have been better. repaying high levels of debt would have been the best option in hindsight
I think in hindsight not doing the share buyback … would have been better.
It quite clear that directors are not necessarily good investors/speculators.
but its not just Turners is it? Share buybacks have been massif. bro.
I was always a bit uneasy about them as a financial engineering tool that seemed to create money from nothing (no one mention Dire Straits) , but they became such a common thing that one got inured to them.
That's what 11 year bull markets do they gradually desensitise you to risk. Of course a company shouldn't buy its own shares until at least it has no debt at all.
It quite clear that directors are not necessarily good investors/speculators.
but its not just Turners is it? Share buybacks have been massif. bro.
I was always a bit uneasy about them as a financial engineering tool that seemed to create money from nothing (no one mention Dire Straits) , but they became such a common thing that one got inured to them.
That's what 11 year bull markets do they gradually desensitise you to risk. Of course a company shouldn't buy its own shares until at least it has no debt at all.
There is a thread on Share Buy Backs.[Thought there was?]
It is in The Newbie's Corner .
I think that is a better place to discuss them,rather than in this thread.
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Originally Posted by winner69
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