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- TRA - Turners Automotive Group [previously TNR - Turners Limited]
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13-09-2021, 10:34 AM
#6991
Okay fair enough I will endeavor to answer your question mate. So the 6.4% thing v 9.5%. Hard to say...maybe they were going off the profit for FY21 excluding Covid support ?
The important thing to note from last weeks annual meeting was profit was growing at 15% before the lockdown and they feel they are on track to exceed the $45m target in FY24.
For what its worth my thinking is the demand for personal transportation (as compared to public) will remain incredibly strong for the foreseeable future and the reality is that most families can't afford to buy a new car. I think they will beat $50m for FY24.
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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13-09-2021, 10:49 AM
#6992
Originally Posted by Beagle
For what its worth my thinking is the demand for personal transportation (as compared to public) will remain incredibly strong for the foreseeable future and the reality is that most families can't afford to buy a new car. I think they will beat $50m for FY24.
Interesting article with a few insights / charts about global car buying trends …even the comments on mobility are interesting
https://www.mckinsey.com/business-fu...vid-19?cid=app
Link should work but if not Google - Car buying is on again, and mobility is picking up
Last edited by winner69; 13-09-2021 at 10:52 AM.
At the top of every bubble, everyone is convinced it's not yet a bubble.
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13-09-2021, 11:41 AM
#6993
Interesting article, thanks for sharing.
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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15-09-2021, 08:39 AM
#6994
NZ Automotive say lockdown hurting a bit
Dont make much money do they
http://nzx-prod-s7fsd7f98s.s3-websit...115/354691.pdf
At the top of every bubble, everyone is convinced it's not yet a bubble.
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15-09-2021, 10:24 AM
#6995
----
"Prediction is very difficult, especially about the future" (Niels Bohr)
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15-09-2021, 10:29 AM
#6996
Their finance arm (NZ Motor Finance) probably going to have the same pains Oxford Finance had prior to their pivot to financing customers with a higher credit score. Not sure NZ motor Finance will be able to pivot thou- because of the target market 2 cheap cars have.
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15-09-2021, 12:35 PM
#6997
Originally Posted by Biscuit
Sure, would worry me too, but worry is the spice of life. Its a global economy, if you don't start thinking globally what's the point of getting out of bed in the morning? Prove your model here then start the exponential global expansion. Look at MFT, and they are just a trucking company, any penniless cowboy can do it, but a well thought out, determined, strategy of a well-run kiwi company could take on international competition in overseas markets. What makes you think TRA are not as good as MFT?
" Group 1 is an international, publicly traded Fortune 500 company that currently owns and operates 188 automotive dealerships, 242 franchises, and 48 collision centers in the United States, the United Kingdom and Brazil, and which offers 32 brands of automobiles. "
Biscuit, your suggestion still worrying me.....Above just came across my desk...yep....I'd be real nervous about Turners jumping out into the international 2nd Hand Car Sales business and trying to compete against the likes of this. And then on top of that...are they competing as a finance company or a used car retailer ?
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17-09-2021, 03:54 PM
#6998
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22-09-2021, 11:57 AM
#6999
First quarter divvy should be announced anytime now me thinks.
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22-09-2021, 12:10 PM
#7000
they got rid of the case against them even if their counterclaims werent successful.
For clarity, nothing I say is advice....
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