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- TRA - Turners Automotive Group [previously TNR - Turners Limited]
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21-01-2019, 10:37 AM
#4041
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21-01-2019, 10:42 AM
#4042
Originally Posted by couta1
FNZC better put a bid on on behalf of TRA as there are currently no bidders.Lol
Originally Posted by iceman
And no buyers at all !
When a stock goes ex dividend all bids are cancelled ... standard process.
Bidders are asked to review their bids and will probably come back over the day ...
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"Prediction is very difficult, especially about the future" (Niels Bohr)
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21-01-2019, 10:44 AM
#4043
Originally Posted by couta1
FNZC better put a bid on on behalf of TRA as there are currently no bidders.Lol
Spoke too soon, Beagle has just put a bid on for 10k shares at $2.30, will the $2.36 seller give them up 6c cheaper.
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21-01-2019, 10:51 AM
#4044
Originally Posted by BlackPeter
When a stock goes ex dividend all bids are cancelled ... standard process.
Bidders are asked to review their bids and will probably come back over the day ...
Actually there was one buyer at $2.35 at open for half an hour, we do understand standard processes BP.
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21-01-2019, 10:52 AM
#4045
Originally Posted by couta1
Spoke too soon, Beagle has just put a bid on for 10k shares at $2.30, will the $2.36 seller give them up 6c cheaper.
LOL Beagle went sniffing at the PE's of Ford, GM, Fiat Chrysler, Honda, Toyota and BMW, all trading in single digit PE's, and is pondering what smell's so badly "off" about future vehicle demand and why ? Its very hard to figure as some of these companies are flat out working on electric vehicles so why the super low price multiples and what are the implications for the PE's of Colonial Motors and Turners ?
Last edited by Beagle; 21-01-2019 at 10:55 AM.
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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21-01-2019, 11:13 AM
#4046
Originally Posted by Beagle
LOL Beagle went sniffing at the PE's of Ford, GM, Fiat Chrysler, Honda, Toyota and BMW, all trading in single digit PE's, and is pondering what smell's so badly "off" about future vehicle demand and why ? Its very hard to figure as some of these companies are flat out working on electric vehicles so why the super low price multiples and what are the implications for the PE's of Colonial Motors and Turners ?
It is true - car manufacturers command at the moment quite undemanding PE's. I follow more some European car manufacturers and the SP of e.g. Volkswagen, BMW, Daimler are roughly at 60% of a 2015 peak - despite all of them still increasing their EPS.
Not sure however whether the share price slump (most of the damage was done in 2016 and some recovery since than) has much to do with markets being afraid of technological changes - it was more due to the outfall of the diesel emmission scandals.
Markets are afraid that there are still hidden / unknown costs which the manufacturers have to pay for - this is the reason the PE's are that low. I don't see though how this would be a problem for a used car dealer and insurer / finance company like TRA (vs car manufacturers)?
It is like saying because FBU might have still a lot of hidden skeletons in their closets (they probably do) we expect that real estate agencies will underperform. People will need to buy houses no matter whether FBU has home made - and they will need to buy cars, even if the car industry still suffers from the outflow of the largest emission cheating scandal of all times
Last edited by BlackPeter; 21-01-2019 at 11:19 AM.
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"Prediction is very difficult, especially about the future" (Niels Bohr)
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21-01-2019, 11:16 AM
#4047
Originally Posted by couta1
Actually there was one buyer at $2.35 at open for half an hour, we do understand standard processes BP.
That is true. It was mine and I had to cancel it manually. Not sure why yet !!
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21-01-2019, 11:39 AM
#4048
Originally Posted by BlackPeter
It is true - car manufacturers command at the moment quite undemanding PE's. I follow more some European car manufacturers and the SP of e.g. Volkswagen, BMW, Daimler are roughly at 60% of a 2015 peak - despite all of them still increasing their EPS.
Not sure however whether the share price slump (most of the damage was done in 2016 and some recovery since than) has much to do with markets being afraid of technological changes - it was more due to the outfall of the diesel emmission scandals.
Markets are afraid that there are still hidden / unknown costs which the manufacturers have to pay for - this is the reason the PE's are that low. I don't see though how this would be a problem for a used car dealer and insurer / finance company like TRA (vs car manufacturers)?
It is like saying because FBU might have still a lot of hidden skeletons in their closets (they probably do) we expect that real estate agencies will underperform. People will need to buy houses no matter whether FBU has home made - and they will need to buy cars, even if the car industry still suffers from the outflow of the largest emission cheating scandal of all times
I have never brought a car manufacture stock.Never will.Too many variables.
However, that has never stopped me owning a car.
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21-01-2019, 11:45 AM
#4049
Originally Posted by BlackPeter
It is true - car manufacturers command at the moment quite undemanding PE's. I follow more some European car manufacturers and the SP of e.g. Volkswagen, BMW, Daimler are roughly at 60% of a 2015 peak - despite all of them still increasing their EPS.
Not sure however whether the share price slump (most of the damage was done in 2016 and some recovery since than) has much to do with markets being afraid of technological changes - it was more due to the outfall of the diesel emmission scandals.
Markets are afraid that there are still hidden / unknown costs which the manufacturers have to pay for - this is the reason the PE's are that low. I don't see though how this would be a problem for a used car dealer and insurer / finance company like TRA (vs car manufacturers)?
It is like saying because FBU might have still a lot of hidden skeletons in their closets (they probably do) we expect that real estate agencies will underperform. People will need to buy houses no matter whether FBU has home made - and they will need to buy cars, even if the car industry still suffers from the outflow of the largest emission cheating scandal of all times
Haven't most of the manufactures already settled most of the dieselgate claims ?
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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21-01-2019, 11:49 AM
#4050
Always something for an Auto manufacturer to settle,or recall..
It's the nature of the beast.
Last edited by percy; 21-01-2019 at 12:01 PM.
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