Search your heart, you know it's true and resistance is futile.
I did tell you you're 25% quick buck was the stuff of some fantasy fiction novel ! That said, a certain hound did get quite grumpy in early October when fuel prices went berserk and now they're back to a somewhat less painful zone I am more optimistic about consumer spending in the Christmas holiday season. Maybe Turners October sales were the result of shell shocked motorists simply going into their shell and things will normalize a bit going forward ?
I see “Net cash inflow/(outflow) from operating activities before changes in operating assets” was negative
Don’t know what really means but payments to suppliers and employees was a lot higher than receipts from customers
Just wondering where they will get the cash for the share buy back from. 2018 they had $25m on hand ($69m in 2017). Of this $4.9m belongs to Marque Warehouse trust 1 leaving $20.1m. Then they have to have enough cash on hand to meet solvency standards for the insurance business.
4.4m shares at $2.72 = $12m in cash
Winner and minimoke, sadly I do not think Grant Baker want you to unwrap these result or the next.
I note a thing called “impairment provision expense” is up 72% on last year
Suppose that’s code for bad debts
Sold out today. I think one of the main drivers on lower second hand vehicle outlook this is often overlooked is a decrease in net migration. To me it makes sense that most migrants would purchase a second hand car (especially the "low quality" migrants the newspapers tell us we are getting), less migrants equals less demand. I don't see this migration trend reversing for a little bit.
I did not expect such a violent share price reaction downward... given TRA had already been trending downward post FY results... The HF results were not good, nor bad
Should have converted my bonds back to cash and invested in ARV
I'm not a migrant but we've been car shopping lately. Unfortunately Turners did not stock any Subaru so one buy went to another yard and one went to a private sale. Talking to another guy the other who is proud as punch having bought his first car (a new found independence!). Didn't buy from Turners - felt too much just like a number. So went to a yard down the road.
Neighbour came over to have a coffee but really wanting to know what a share buy back was
I just said that’s when a company buys shares from the likes of you and your mates because they think they are too cheap and should be worth more. If you wait long enough they might even buy yours back at $3.20 (what he and his mates paid for them)
That’s good they keen to buy them he said because nobody else wants to buy them ....and he/they might hang in there a bit longer. I didn’t bother answer his question ‘Do they use our money to buy these shares back? ...that was all too hard. They still worried they still under water with Oceania and feel that’s a dud as well.