sharetrader
Page 395 of 840 FirstFirst ... 295345385391392393394395396397398399405445495 ... LastLast
Results 3,941 to 3,950 of 8391
  1. #3941
    percy
    Join Date
    Oct 2009
    Location
    christchurch
    Posts
    17,222

    Default

    Quote Originally Posted by Beagle View Post
    https://www.marketscreener.com/TURNE...14/financials/
    EPS Actual earnings for the FY2018 28.9 cps
    EPS Forecast Analyst average FY19 26.7
    EPS Forecast Analyst average FY20 24.8
    EPS Forecast Analyst average FY21 27.9

    Average analyst forecasts do not suggest the business is in great shape in terms of eps growth...anything but.

    Share price has gone nowhere, (actually backwards in the last 4 years) and there's nothing in those broker forecasts that would indicate a dramatic turnaround anytime soon.

    I am sure someone will try and put a positive "spin" on those forecasted numbers but investors might like to consider how long said investor has been talking this up and what's actually happened to the share price in recent years and make up their own minds.

    Nobody talks about the rise and rise of Trade Me stealing market share off physical stores...
    I look at Turners like starting a winery.Takes a few years for the grapes to produce,and then time to sell.
    Turners have built up the foundations for a great business.
    Trade Me is used by Turners and most vehicle sellers,yet Turners find car buyers still like to visit car yards,and that is why Turners are expanding their footprint.

  2. #3942
    percy
    Join Date
    Oct 2009
    Location
    christchurch
    Posts
    17,222

    Default

    Quote Originally Posted by winner69 View Post
    ...and forest might point out that net debt has increased from $238m to $306m in same period that Percy used for assets and equity
    And what has the debt been used for.?
    It has been used to expand sites,buy sites,finance and insurance receivables.ie building the business.
    All the time gaining Turners market share.
    Last edited by percy; 09-01-2019 at 07:07 PM.

  3. #3943
    Speedy Az winner69's Avatar
    Join Date
    Jun 2001
    Location
    , , .
    Posts
    37,738

    Default

    Quote Originally Posted by percy View Post
    And what has the debt been used for.?
    It has been used to expand sites,finance and insurance receivables.ie building the business.
    "........and pay exorbitant dividends?
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

  4. #3944
    percy
    Join Date
    Oct 2009
    Location
    christchurch
    Posts
    17,222

    Default

    Quote Originally Posted by winner69 View Post
    "........and pay exorbitant dividends?
    Now that statement depends whether you hold TRA or not.!

  5. #3945
    percy
    Join Date
    Oct 2009
    Location
    christchurch
    Posts
    17,222

    Default

    Quote Originally Posted by winner69 View Post
    ...and forest might point out that net debt has increased from $238m to $306m in same period that Percy used for assets and equity
    You know W69 in 1990 you could have brought EBO for under $3mil......
    Today debt has blown out to over $2 billion.
    Rather a stupid arguement?

  6. #3946
    Senior Member
    Join Date
    Aug 2002
    Location
    auckland, , New Zealand.
    Posts
    769

    Default

    Quote Originally Posted by percy View Post
    Shareholders equity has improved in the past year from 32.25% to 33.02%.
    Total assets have increased to $658,193 from $622,372.while shareholders' equity has increased from $200,736 to $217,347.
    All the time assets such as the "new" Wiri site has most probably doubled in value since TRA brought the site.
    The Turners and BuyRight sites have expanded,while the insurance business has bulked up.The finance business has added 120 or more originators.
    The business is in great shape,and the directors wisdom of bulking up all parts of the business is proving to be sound.Vertically intregrated business,with strong brands.
    Share holders equity has increased but this is because share holders are capitalising the company faster than it is spending. What is important that equity per share increases and what I see is a company that had 80 mil shares at the end of financial year 2018 and close to 89mil at present. By my calculations in the 1H19 equity per share has reduced from app $2.68 to $2.55.

    As I said before maybe it needs more time but ..............

  7. #3947
    percy
    Join Date
    Oct 2009
    Location
    christchurch
    Posts
    17,222

    Default

    I hear there are three car carriers trying to get into Port of Auckland.
    Can't get in because there is no room to unload the cars.
    BuyRight Car's slow down must mean POA is grid locked.!!.....lol.

  8. #3948
    percy
    Join Date
    Oct 2009
    Location
    christchurch
    Posts
    17,222

    Default

    Quote Originally Posted by forest View Post
    Share holders equity has increased but this is because share holders are capitalising the company faster than it is spending. What is important that equity per share increases and what I see is a company that had 80 mil shares at the end of financial year 2018 and close to 89mil at present. By my calculations in the 1H19 equity per share has reduced from app $2.68 to $2.55.

    As I said before maybe it needs more time but ..............
    What is really important is the long term structure and value that is being added to each division.
    Bit like a vineyard buying more really productive land.It will produce the results in years to come, and will continue to do so.
    The right decissions or plantings some times do not produce the goods for a year or two,or in a vineyard 3 to 5 years time.
    Last edited by percy; 09-01-2019 at 07:42 PM.

  9. #3949
    Banned
    Join Date
    Nov 2013
    Posts
    8,516

    Default

    Quote Originally Posted by winner69 View Post
    "........and pay exorbitant dividends?
    I'm quite happy with them, no need to wait 6 months either. PS-Only downside is that it will take 3 odd yrs worth of them at current SP to get my paperloss back.Lol
    Last edited by couta1; 09-01-2019 at 07:50 PM.

  10. #3950
    Speedy Az winner69's Avatar
    Join Date
    Jun 2001
    Location
    , , .
    Posts
    37,738

    Default

    What changed in Note 7 that required them to re-submit the Interim Report?

    Was it something to do with the vineyard not producing as much wine as they expected

    Should have elaborated a bit more than just say corrected
    Last edited by winner69; 09-01-2019 at 07:50 PM.
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

Tags for this Thread

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •