Have any of your clients ever brought or sold their businesses using TA.?
I wonder whether any TA "experts" have ever owned their own businesses, or run a business.?
Have any of your clients ever brought or sold their businesses using TA.?
I wonder whether any TA "experts" have ever owned their own businesses, or run a business.?
Some interesting comments from MTF's first half result ;
MTF said "$49.3 mil of the reduced lending was due to less business going through Turners.A non-recourse loan offered with Turners' Oxford Finance was
discontinued after tighter lending criteria sapped demand for the product.""Turners also brought more business in-house.diverting lending that had previously been done by MTF".
Well as a Turners shareholder I am pleased the MTF non-recourse lending has stopped.Just wonder what the cost of this mistake will be.A one off.?
Positive is the fact Turners have taken the lending they were doing via MTF in-house.This will give Turners a lot better margin.
Of concern was the following statement from MTF who warned "that unprecendented growth is now in decline,citing the slowing global economy,weaker domestic spending,and dwindling business confidence.
So on Wednesday we will find out how robust Turners business model really is,and how bright they see their future.
One more sleep to the big day ....and it’s not even a full moon
Reckon npbt $32.5m will be the number ...but will the market concentrate on the dismal $29m number
Be interested to see if Snoops gets his 20% growth normalised earnings ...that would be staggering.
Stupid question
We’ve been told there will be a $4.5m one-off, non-cash write-off for the Buy Right Cars brand and signage value.
Question - what’s happening with the $35m Goodwill allocated to the CGU (cash generating unit) Buy Right Cars that shows up in the last Annual Report. Does it just get lost somewhere or something.
Asking for a friend
They only mentioned the $4m brand value innintangibles ...no mention of the $35m goodwill.
I’ll suggest he dials in
It’s only Goodwill and as the ‘business’ per se still exists they’ll just relabel it Turners. Some pretty robudtbgrowth numbers used to justify the carrying value but that’s another story.
Hope Mrs Snoopy cooks her Beagle a good breakfast...he's going to need some serious brain food to adjust for so many irregular, unusual and extraordinary items from one year to the next its probably going to take him hours of number crunching to work out what the real normalised eps growth or decline is. I'll wait for his analysis...when you've got another good dog doing the work, why bother barking ?
As for the headline number and how they write that up...I am sure Percy will find the good in it and I am confident the announcement won't be written in Pink.
I read Percy's post #5515 as true to form, if it's good news and the story is intact he'll be back here telling us all about it, but if it's bad news and the story is broken he'll be first in the sell queue long before Snoopy, bless him, gets the underlying numbers published.
Can't say TRA is boring can we!