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- TRA - Turners Automotive Group [previously TNR - Turners Limited]
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07-05-2021, 05:08 PM
#6661
Company Announcement
7 May 2021
Turners FY21 Annual Results to be announced on 25 May 2021
Turners Automotive Group Limited (NZX: TRA) advises that it intends to
announce its full year results for the twelve months ended 31 March 2021 on
Tuesday 25 May 2021, prior to 9am NZST.
Let the speculation begin
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07-05-2021, 07:37 PM
#6662
Gentlemen, start your engines!
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07-05-2021, 08:27 PM
#6663
Originally Posted by Getty
Gentlemen, start your engines!
Will it get to $4..... we may see some more upside
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07-05-2021, 09:56 PM
#6664
Hoping to see $36M NPBT. Anything above that would be easy $4.20 SP
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14-05-2021, 08:03 PM
#6665
Happy to be picking up 5% Div with what seems to be a low PE company . The SP seems to keep trucking along and reaching June 17 prices . It would be great to see the SP improve with all the changes they have made since then,
This has been a nice steady climber recently. It made this sort of climb in 2012 only to fall back 40% or so. Hoping this won't happen this time ..............
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15-05-2021, 02:27 PM
#6666
Love the new tv ad featuring Tina from Turners.
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15-05-2021, 04:05 PM
#6667
Originally Posted by IAK
Love the new tv ad featuring Tina from Turners.
Agreed...that is first class marketing, really, really good stuff !
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
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15-05-2021, 04:49 PM
#6668
Member
Yes comes across very well like Turners results will do on the 25th.
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17-05-2021, 11:01 AM
#6669
Interesting that Turners decided not to participate in the CL8 (Carly) rights issue and cap raising. CL8 was again looking dismal after the consolidation $0.375, SP collapsed on a string on poor results to $0.08 (about 80% decline). I was thinking they might struggle to raise, but surprise, they issue rights ~$2m, shortfall placed ~$1.35m and follow-on placement ~$1.45m!! Total 60.5m shares and 20.2m options! Cornerstone investors took up their rights. Turners didn't though and are now diluted 48%, their 5m shares they bought for seven figure sums, from 8.84% to 4.59% = holding now only worth $400,000.
Not sure how the Turners Subscription business is going, seems a very slow start with only 45 cars available in Auckland, none in Wellington. Wonder if they're still taking this Carly subscription service seriously? Way more money in selling used cars I would think.
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17-05-2021, 11:09 AM
#6670
Originally Posted by Baa_Baa
Interesting that Turners decided not to participate in the CL8 (Carly) rights issue and cap raising. CL8 was again looking dismal after the consolidation $0.375, SP collapsed on a string on poor results to $0.08 (about 80% decline). I was thinking they might struggle to raise, but surprise, they issue rights ~$2m, shortfall placed ~$1.35m and follow-on placement ~$1.45m!! Total 60.5m shares and 20.2m options! Cornerstone investors took up their rights. Turners didn't though and are now diluted 48%, their 5m shares they bought for seven figure sums, from 8.84% to 4.59% = holding now only worth $400,000.
Not sure how the Turners Subscription business is going, seems a very slow start with only 45 cars available in Auckland, none in Wellington. Wonder if they're still taking this Carly subscription service seriously? Way more money in selling used cars I would think.
Seems awfully expensive - between $112-$260 a week subscription cost for quite old cars. Doesn't makes sense for anyone intending to use a car for longer than a few months.
Last edited by LaserEyeKiwi; 17-05-2021 at 11:10 AM.
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