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

[Beagle]

Stuff newspaper today: "Stats NZ said total sales volumes rose 8.6 per cent, once seasonally adjusted, in the last three months of the year, compared to a 8.2 per cent fall in September, which was the result of the Delta lockdown.

Strong rises were seen in motor vehicles and parts retailing, up 22 per cent."

An indication that all was well in Q3 at Turners.

Yeap, who would want to get on a bus, train or plane at present ? I think travel by one's own car has never looked more appealing !

In terms of the current Q4 environment I would think walking around in the open air on a car lot is probably the safest bit of shopping its possible to do and clearly confers tremendous safety compared to any other form of transport !

[sb9]

As per NBR, another car dealer could be floated on NZX...

Armstrong's testing the IPO waters again
Management reportedly on non-deal roadshow with institutional investors.
Car dealer group Armstrong’s is apparently progressing with its plan to list on the NZX and ASX share markets, after embarking on a series of meetings with institutional investors.

Re TRA, think we really a trading update to confirm earlier guidance, especially in light of new CCCFA lending rules.

[Rawz]

Doesn’t no update in a way confirm guidance? Continuous disclosure and all that

[Louloubell]

That is the conclusion I've come to Rawz.
And that is good news.

[winner69]

Todd to Grant: Grant, the guys and gals at Sharetrader are dead keen to know how well we’re doing.

Grant: We’re not due to report to May. Bit early to come clean yet

Todd: That’s a long way off for those impatient guys and gals

Grant: OK then, give them an update next week but Todd you temper your enthusiasm and only increase guidance a bit. Leave the rest for end of April

Todd: will do

[percy]

Todd to Grant: Grant, the guys and gals at Sharetrader are dead keen to know how well we’re doing.

Grant: We’re not due to report to May. Bit early to come clean yet

Todd: That’s a long way off for those impatient guys and gals

Grant: OK then, give them an update next week but Todd you temper your enthusiasm and only increase guidance a bit. Leave the rest for end of April

Todd: will do

Winner69 and Beagle to Grant and Todd.
Leave it to us.
We know what we are doing.
Just confirm our projections when you are ready....................lol.

[Louloubell]

I'm expecting an announcement about the quarterly divvies and a trading update this month

[Ggcc]

Third quarter dividend announcement coming most likely next week, like last year 9th. Looking forward to the upgrade……… I mean update.

[Beagle]

Winner69 and Beagle to Grant and Todd.
Leave it to us.
We know what we are doing.
Just confirm our projections when you are ready....................lol.

https://www.youtube.com/watch?v=B8KC0nyWCY4

[winner69]

Oxford must be making big gains and creaming it

From NZAI announcement: "The recent changes in the CCCFA lending standards have also impacted on finance and insurance product sales, due to time delays and consumers taking time to adjust to the new requirements."

Well done to Oxford for being early adopters of income verification technology.. well ahead of the curve

Hey rawz, a question

Oxford has the best processes to meet the new regs ….but does the verification etc mean they have to reject more applications than they might have done pre regs.