Thanks mate. Maybe the real reason he didn't turn up was the wolf scared him off :)
I was one of the bond holders that took the cash rather than shares or new bonds.
Two reasons. Not keen on the board and the shares are too 'consumer discretionary' for me at this stage of the market.
The winds of change are about to blow through the NZ car market. The storm driving these winds are off below the horizon but we will feel their force.
Presidents Trump/Xi now stand on the edge of the wharf demanding a steep tariff payment to land cars. Part of their plans to make America/China great again.
Car companies are now urgently trying to steer their way through this "greatness" while avoiding loosing their shirts.
Can you think of a country whose leader is preoccupied showing off the baby, trying to anticipate Winston Firsts next zig or zag and tutoring her cabinet ministers how to behave so doesn't have time to slap car imports with tariffs.
I'm sure the the same thoughts are rattling around inside the heads of car manufacturers executives. They will be making frantic calls to their assembly plants to put the steering wheel on the other side and ship em to NZ.
This wall of cars will transform the second hand car market from a cascading market to a clearance market. Is now the right time to be setting up used car sales yards?
Boop boop de do
Marilyn
PS. How likely is it that NZ is so glutted with used cars we will have to ship them offshore to other right hand drive counties such as Bangladesh?
Given the number of drivers that get their licence out of a wheatbix packet I am pretty sure we can rightoff the wall of cars required to keep global car manufacturing afloat.
Thanks Stoploss and W69.
I was hopeful it would be up and trading gang busters by now...lol.
Look forward to your comments when it is up and running, as I rather like the concept.
I am noticing Turners online advertisinfg."100 more cars have arrived since you last visited our site."
Confirmation of guidance and cessation of 90 day VWAP trading period for the bond conversion should be the catalysts for the SP to stabilize. Might see a modest rebound in October.
Tomorrows fuel increases are going to do wonders for used car sales..
Probably going to add more to the already very noticeably increasing road side cheaper bargains.
As the punters take up " No Deposit " offers for new much more fuel efficient vehicles.
Disc. Minor Hold.
From AGM one thing they seemed awfully proud of was their active management of the insurance reserves they hold.
One of the highest investment returns in the world the Insurance guy said
Good while it works ......but some might say it’s not all the ‘prudent’ gambling with reserves
Wonder how they invest these reserves to get world class returns?
Maybe something for Snoopy to dig into