Turners auctions very popular in chch,
although have to admit car i bought there
was a real lemon, so bad i put it back in
the next weeks auction, got lucky and
actually
made a profit lol.
There cant be many
people in chch who havnt
been to a turners auction at some point.
The
turnover is prob just the value of all
the cars that go through the auctions. The
profit
should be pretty steady all the need is a
big
shed and an auctioneer
nick
6m earnings (EBIT) on 315m turnover makes
for a mighty precarious profit margin, are these figures right, if so it may
be a good indicator as to why they're trying to unload.
Hold GPG
See IRG research reports
