TRA - Turners Automotive Group

[seaweed]

Just a quick note. Don't believe the depth. I get the feeling it is not the true depth. I did a depth test and there was about 380 at 6.79 sitting there for an hour or more. My plan was to quickly buy that 380 and then immediately drop my buy price back to 6.77, but the whole 3000 went through at 6.77. It is not just on the TRA depth but has happened on many other company depths. To depth or not to depth.   

[Stoploss]

Just a quick note. Don't believe the depth. I get the feeling it is not the true depth. I did a depth test and there was about 380 at 6.79 sitting there for an hour or more. My plan was to quickly buy that 380 and then immediately drop my buy price back to 6.77, but the whole 3000 went through at 6.77. It is not just on the TRA depth but has happened on many other company depths. To depth or not to depth.   

Hi Seaweed, it's called an Iceberg order. When loading it you will put in volume to sell say 150,000, then amount to show 7500 say and you can get it to vary that amount by various percentages say plus,minus 15 % . So as soon as you
try and purchase more than is on offer the machine reloads the next sell  portion and fills your order ....
Always a bit of fun when someone loads an Iceberg buy against an iceberg sell ........

[seaweed]

Hi Seaweed, it's called an Iceberg order. When loading it you will put in volume to sell say 150,000, then amount to show 7500 say and you can get it to vary that amount by various percentages say plus,minus 15 % . So as soon as you
try and purchase more than is on offer the machine reloads the next sell  portion and fills your order ....
Always a bit of fun when someone loads an Iceberg buy against an iceberg sell ........

Wow, I have heard of Fatbergs. Will be more patient in the future and not be in too much of a hurry to full order and let it sit there all day. Had two other orders in different companies and just wanted get back to them smartly. 

[Basil]

Great buying at this level for long term growth in earnings and dividends in my opinion..

[Dolcile]

I have a bonus being paid in the next few weeks - if nothing else takes my fancy it might have to be a few more TRA - hopefully for some positive news at the AGM. 

[lorraina]

Maybe a bit early to know how they are trading in Christchurch,but moving from one big third rate retail site to three first rate retail sites [and talking of a fourth] certainly augers well for their foreseeable future.

[mike2023]

That old site wasn't 3rd rate. It was great and held a lot of vehicles.
2CC have lousy little sites dotted all over.
I like to browse

[Basil]

My 2 cents on the subject is I know Turners have done a lot of work around determining the optimum sized sites in terms of customer appeal as well as work on optimizing the locations.  Some of their former sites like the one at Penrose they ran their auctions from are simply too big.  From memory, they've ascertained the optimum size is around about 10,000 sq meters.

[lorraina]

That old site wasn't 3rd rate. It was great and held a lot of vehicles.
2CC have lousy little sites dotted all over.
I like to browse

I take it you never visited Turner's old Christchurch site.Basically set up for auctions and wholesale.
New sites are in prime locations.
Think you will like 2CC's Sylvia Park site when it opens next month.
Today most car buyers like to browse on line.

[seaweed]

My 2 cents on the subject is I know Turners have done a lot of work around determining the optimum sized sites in terms of customer appeal as well as work on optimizing the locations.  Some of their former sites like the one at Penrose they ran their auctions from are simply too big.  From memory, they've ascertained the optimum size is around about 10,000 sq meters.

I remember going to the Mc Nab st site years ago and very hard to find parking. Then they moved to Gavin st a lot bigger and more parking and two auctions going at the same time very well run and bought a few cars from there over the years. Yet to visit the Gt South rd site and will pop in for a look next time going past.

[lorraina]

Part of Turners' retail location strategy is to be close to people selling their cars.
Signage with "Want to sell your car?..Cash now " means Turners are in a stronger position to source cars.
Although they import a few they prefer to buy locally.

[Basil]

Maybe a bit early to know how they are trading in Christchurch,but moving from one big third rate retail site to three first rate retail sites [and talking of a fourth] certainly augers well for their foreseeable future.

Great timing to be expanding their branch network in the south island.  https://www.stuff.co.nz/business/360771216/south-surges-while-north-stalls-kiwibank-warns-growing-economic-divide

[Minimoke]

Turners new Christchurch Airport site now has a lot full of cars. Cant be far off from opening.

[Basil]

Early next month mate.  I think I recall Todd mentioned on the other channel the official opening is on the 6th.  In FY27 they'll get the full 12 months benefit of the new sites opened this year. 

[mike2023]

I take it you never visited Turner's old Christchurch site.Basically set up for auctions and wholesale.
New sites are in prime locations.
Think you will like 2CC's Sylvia Park site when it opens next month.
Today most car buyers like to browse on line.

I bought a couple of cars there. Watched their auctions often. No longer in Christchurch. I will have a look next time I'm there.