Forsyth Barr Roadshow Musings
Quote:
Originally Posted by
winner69
Good to see them getting out and promoting themselves to prospective investors
Need all the help we can get in these dire times
Hopefully enough enthusiasm shown to get punters to buy big ...should be in everybody’s portfolio ,,,$2,50 next week
http://nzx-prod-s7fsd7f98s.s3-websit...936/296734.pdf
Before this roadshow gets totally lost in the mists of time, a few musings:
1/ I see Turners are importing 6,000 cars from Japan each year (p3). Total used imports over a year are 164,000 (p6). So Turners imports make up 3.7% of the total import market.
2/ Total change of ownerships registered over the year were 1,130,000 (p7). No doubt this figure includes private sales and transfers. But 5% of this market represents 56,500 sales
3/ Average days of age of days in Inventory for Buy Right Cars down to 152. Yet target is much lower, 60-90days (from 2018 roadshow).
SNOOPY