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.
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.
Will leave Fonterra to you.
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
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.
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."
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.
www.carly.co.nz is now active, though currently it redirects to www.carly.co in Ozzieland. Looks like Turners won't have an 'own brand' online car subscription service and are positioned solely as a supplier and administrator of cars for the Carly service like the current business model in Australia. Makes one wonder how Turners will market this. Still saying launch this year. Should be some financial results due soon from CL8 on how the very new Carly subscription service is performing.
https://www.asx.com.au/asxpdf/201909...lb3sq9xb8g.pdf
I note there hasn't been any daily buying of shares under the buyback since Monday... potentially intriguing reasons why this is the case I reckon.
And despite lack of buyback, the share price still managed to rise from $2.36 [Tuesday open] to $2.40 (well, up to $2.40 - hopefully the share price will stay there this time!... still, at $2.37, it is up a notch and outperformed NZX 50)
When my friend bought their car from Turners recently they also took out $600 mechanical insurance, great ticket clipping there! They have definitely outgrown the yard in Tauranga but told me they havn't yet found premises in a suitable location,big enough to expand to .A nice problem to have.