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- TRA - Turners Automotive Group [previously TNR - Turners Limited]
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03-09-2019, 05:59 PM
#5671
Originally Posted by percy
Never had anything to do with Fonterra.
Another one of your's.?
Nope - but logic is the same.
https://www.stuff.co.nz/business/ind...wing-complaint
10m Fonterra shares but they have not lost 1 cent.
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03-09-2019, 06:02 PM
#5672
Will leave Fonterra to you.
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04-09-2019, 08:15 AM
#5673
New car dealers lamenting continued slowing down of new vehicle purchases — could be 8% or more down for the year
Good news for the likes of Turners though
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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04-09-2019, 08:24 AM
#5674
Originally Posted by winner69
New car dealers lamenting continued slowing down of new vehicle purchases — could be 8% or more down for the year
Good news for the likes of Turners though
But of course.
Those who cannot afford to buy new cars will buy a used car instead?
A second hand Ferrari is cheaper than a new BMW SUV.
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04-09-2019, 08:40 AM
#5675
Originally Posted by RTM
What investment is risk-free BP ? I guess the question is where does it fit on the curve ? 7.39% feels to high. Not sure we will get to 5.0% ($3.40) tho.
Govt Bonds currently less than 1% .....risk free
Turners Bonds quoted at 4% .....an indication of ‘company risk’. Quite high as a lot of corporate bonds around the 2% mark (+/-0.5%)
Equity Risk Premiums are more subjective but currently many have the ERP in NZ at 3%-4% — which implies a reasonable yield for TRA shares is say 7%-8% ....hmmm
So maybe market is about right (won’t say efficient) at the moment ....but this is all theoretical stuff and doesn’t take into account blue skies and generally the sun shines bright when the sky is blue ......and even the full moon plays its part.
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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05-09-2019, 03:38 PM
#5676
Originally Posted by winner69
Govt Bonds currently less than 1% .....risk free
Turners Bonds quoted at 4% .....an indication of ‘company risk’. Quite high as a lot of corporate bonds around the 2% mark (+/-0.5%)
Equity Risk Premiums are more subjective but currently many have the ERP in NZ at 3%-4% — which implies a reasonable yield for TRA shares is say 7%-8% ....hmmm
So maybe market is about right (won’t say efficient) at the moment ....but this is all theoretical stuff and doesn’t take into account blue skies and generally the sun shines bright when the sky is blue ......and even the full moon plays its part.
Thanks....good way of considering it.
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10-09-2019, 10:17 PM
#5677
Int comment on car sales rate in Aus.
"Whilst the market for new cars has been challenging, the
used car market has continued to grow. During the year we recorded growth in used car lead volumes, a decline in average time to sell and excellent growth in traffic to the carsales site."
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11-09-2019, 11:27 AM
#5678
Originally Posted by Joshuatree
Int comment on car sales rate in Aus.
"Whilst the market for new cars has been challenging, the
used car market has continued to grow. During the year we recorded growth in used car lead volumes, a decline in average time to sell and excellent growth in traffic to the carsales site."
That's nice. Hopefully there's a nice surprise waiting for us next week at ASM.
Trading depth is looking very encouraging this week.
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11-09-2019, 11:43 AM
#5679
The current share price is $2.38.
It has moved ahead of the 100 day moving average $2.36, and the 200 day moving average $2.35.[yahoo finance chart]
There are 419,142 shares yet to be brought in the current share buy back.
Currently buyers want 11,293 shares at $2.36, while the seller of 5,999 wants $2.38.
The agm is one week away.
Last edited by percy; 11-09-2019 at 01:59 PM.
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12-09-2019, 03:34 PM
#5680
Originally Posted by percy
The current share price is $2.38.
It has moved ahead of the 100 day moving average $2.36, and the 200 day moving average $2.35.[yahoo finance chart]
There are 419,142 shares yet to be brought in the current share buy back.
Currently buyers want 11,293 shares at $2.36, while the seller of 5,999 wants $2.38.
The agm is one week away.
Into the 2.40s now...
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