TRA - Turners Automotive Group

[Basil]

Nicely done. Welcome on board Dolcile. 

[Waltzing]

Moving back up a bit today... is it going to break out past 80..

[lorraina]

www.chrislee.co.nz
This week's market news covers Turners.

[Basil]

https://www.chrislee.co.nz/market-news
Thanks, lorraina.  This link will take you straight to the article.
Big ouch for Synlait shareholders, I didn't realize it had dropped that much this year

[winner (n)]

Doom spending ....like that phrase

Don't think it applies to Turner's customers though

[Dolcile]

Nicely done. Welcome on board Dolcile.

I just wish I had a bit more cash on hand, but had already ploughed this months allocation into our index funds. 

[Basil]

Doom spending ....like that phrase

Don't think it applies to Turner's customers though

My brother who is right into all thing campervans and follows these things says there's very strong demand for campervans in the US as people get into a situation where they can't afford to rent or own a house.  Suppose that's a form of doom spending.   Back in the day when climate change wasn't such a big deal, my parents did "the big lap" around Australia for 6 months in a campervan, loved it, too hot in places though.  I suppose it would take a lot longer than 6 months to do a big lap around north America.  You'd certainly want to time the Canada part for their summer, not much fun at 25 degrees below zero in northern Canada or Alaska in a campervan!

Todd recently said 90% of their stock is now <$15K.  A basic car is a necessity with our third world public transport system.  Not sure that article is on the money really because although finance rates have increased the average sized loan on a car under $15K is quite modest and payments can be spread over several years.

[Dolcile]

I'm staggered at how low the volume is, aren't the index tracking funds meant to be buying up.  Any real demand will surely make this pop

[Basil]

A game of Mexican standoff is currently being played out.  They have to buy before the end of this week in huge volume.  Patience.
Yes.

[Waltzing]

Vechiles the No 2 .....

https://www.nzherald.co.nz/business/kiwis-boost-retail-spending-in-lead-up-to-christmas/67UTVEPPHNFVBBRXXTHSE23LPQ/

not sure if this was already reported on the forum..

[LoungeLizard]

Looks as though only about 50% of the required 2.2m shares have been purchased, and a % of those will be retail.
It could be as Basil says - the big institutional spend-up will occur tomorrow, even late tomorrow. Or is something else going on in this re-indexing? Guess we'll find out soon.
 I had hoped for $5.50ish but that might be overly optimistic. $5 easily once/if the spend-up commences. Maybe there won't be a big retrenchment afterwards, as their was with HLG, and $5 may become the new base. Great for holders with a January divvy coming    

[Ricky Bobby]

There will be some sort of off market trade happen to balance it all out... bugger as I had tickets!

[seaweed]

Pretty quiet around here lately. I get a bit nervous when it is quiet. Get that funny feeling that Elvis has left the building and we little groupies are left holding the baby with a poopy nappy. But not the first time for me...HLG, which is looking like a screaming big buy to me as it was oversold the other day. When the dust settles on TRA will be heading back to HLG to support sp leading back to the next div. PS I hope Elvis hasn't left the building and left us all standing at the alter    

[Basil]

Patience my friend.  Very quiet on GTK so far today which is also going into the index. 

The fireworks display commences at 4.45 p.m.  Stand well clear or get involved, the choice is yours's.

The other thing is for whatever shares you choose to keep you are holding the baby and she's incredibly beautiful and her name is Tina 😊

[seaweed]

Patience my friend.  Very quiet on GTK so far today which is also going into the index. 

The fireworks display commences at 4.45 p.m.  Stand well clear or get involved, the choice is yours's.

The other thing is for whatever shares you choose to keep you are holding the baby and she's incredibly beautiful and her name is Tina 😊

Thanks Bas, you give me confidence. I hear a knocking on the door and Elvis has re-entered the building with Tina in tow.