Think peat’s charts are upside down
Austen the new Whangarei site is an old Placemakers premises...no container offices here. As you will see there is an old warehouse at the rear of the site (which we have refurbished) with a large outside display car park on the road frontage. This will be a great move from a back block industrial location to a high profile inner city corner site which will help improve the number of end customers we can attract into the business. The site is 8000m2 which increases the footprint we have to retail cars from by approximately 25%. We will be open from Monday.
Attachment 10359
https://www.google.com/maps/place/Wa...!4d174.3165086
Turners talk about “the intrinsic value of the business” with the share trading below this intrinsic value.
An overused term this intrinsic value ..generally used by punters who think the share they are interested in is undervalued. Gives them a sense of well bearing.
One guy who loved using the term was Ron Brierley ....again and again he reminded us that Brierley and then Guinness Peat was so cheap because the share price was below intrinsic value.
Intrinsic value sounds posh. There’s now way to calculate intrinsic value - I reckon the intrinsic value of Turners is at least $3.50 ..but that’s just my guess/estimate/calculation and many would say I’m just as delusional as Baker.
Nice charts Peat
The column on the npat chart for FY19;is likely be about the same as FY18 (hoping)
So npat not much more than FY15 ....in a period when revenues have more than tripled
Something wrong - all this clipping the ticket and not much more profit
Maybe charts not as good looking as you obviously intend to demonstrate
Be a small win/relief for all of us if this is bottom, but with used car sales slowing since Nov as Trade Me noted, im not convinced.