TRA - Turners Automotive Group

Started by Plata, Aug 10, 2022, 06:12 PM

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Ferg

#1215
Who here takes the DRP and who take the cash?

I'm split 20% cash, 80% DRP.....I figure I want some cash but I don't want to be diluted either.  So long as my DRP % is more than the overall average DRP take-up then I should be good.

At $5.26 the DRP shares are not a bad price vs market of $5.41 and once you factor in no brokerage it could be a lot worse.

Dolcile

I take all shares.   I don't have any need for the cash at the moment.   If I was retired that might be different. 

Basil

#1217
Hey Ferg. As you may have gathered from my post earlier today, I take all shares.  This DRIP price was good but the last one three months ago was only $4.44 so shareholders who took that are just over a $1 a share ahead already based on today's VWAP price of $5.45.  Quarterly compounding of dividends through the DRIP program adds a bit of extra grunt, to your long-term growth plans too, even turbocharges it when the share price is accelerating strongly upwards.  A forecast upgrade next month wouldn't surprise me in the slightest.  Plenty of interest rate cuts to come this year all being good tailwinds for Turners. $6 handle by annual meeting time in August or earlier?  What do you reckon mate?

Ferg

Thanks Basil.  Yes the last DRIP was good.  I won't make a price prediction given it can bite one on the bum......plus I'm happy with where it is now.  Daily SP movements aren't too much of a concern for me given it is a long term hold (unless something fundamentally breaks) but yeah a 6 would be nice at some point, although not so good for buying as something starting with a 4....but that said $6 should be easily achievable.

BTW I totally fluked my last buy.  I usually have the reverse Midas touch but my last buy was 15 November which was a week prior to the last SP pop.  My better half would like more.......such a hard task master!!  :P

Pierre

I'm retired, take the cash from our investments, and blow much of it on travel.
Three trips organised for this year - 3 weeks in Western Australia, 4 weeks in Bali, and 7 weeks in France, London and Spain.
Thanks mainly to TRA and HLG.

Ferg

#1220
Nice one Pierre.  Bon voyage!

Looks like TRA director Alistair Petrie is 100% DRP:
https://api.nzx.com/public/announcement/445938/attachment/436591/445938-436591.pdf

Basil

Quote from: Ferg on Jan 30, 2025, 08:28 AMBTW I totally fluked my last buy.  I usually have the reverse Midas touch but my last buy was 15 November which was a week prior to the last SP pop.
Nice one Ferg.  Great minds think alike  :)   I also bought more in the mid $4's in mid-November.  Its never enough more with hindsight though is it lol
Like you, I have just settled in for the long haul and am really enjoying the ride.  I also feel very relaxed and don't feel any need to fret about the company as I have complete confidence in the management team and their brilliant marketing!   I reckon if Tina came along to an annual meeting there would be a long queue of shareholders wanting to give her a hug lol   Apparently, she's a real celebrity at her local Church.


Basil

Quote from: Dolcile on Jan 31, 2025, 03:46 PMOuch that is ugly guidence from CMO

https://api.nzx.com/public/announcement/446056/attachment/436706/446056-436706.pdf

Thankfully its entirely irrelevant to how the used car market is going, (I posted very encouraging used car statistics for monthly and year to date sales to December 2024 a while back).

Waltzing

#1224
moving back up ....
not the fastest mover on the exchange but still heading in the right direction...
 

lorraina

#1225
Help Please.
I am thinking [looking] at a car Turners have for sale for the granddaughter.
 https://www.turners.co.nz/Cars/Used-Cars-for-Sale/lexus/ct200h/26570546
However I have read you should only get it serviced at a Lexus dealer.
This worries me as I know they charge heaps.
Well Turners have sold that car,however 2CC have one for sale here in ChCh.

https://www.2cheapcars.co.nz/used-vehicles/lexus/ct200h/108688
or perhaps;
https://www.2cheapcars.co.nz/used-vehicles/toyota/corolla/108897

Waltzing

#1226
No even remotely able to comment on cars.....

scullng boats yes... and id advise keeping away from modern ones...

maybe cars are the same.

the other day saw an escort sport 1600 in the service bay....

the figure to buy it seemed very very high...

should have kept that cool yellow 2 door lastest shape 1983...

what is the most reliable car on the NZ market second hand?

sure it isnt a lexus?

Basil

#1227
Hey Lorriana,
Lexus as I am sure you know are the upmarket division of Toyota and any Toyota dealer should be able to give you great service. The great news is Toyota's spare parts and service are amoungst the cheapest in the automotive industry.

The biggest risk with buying a used hybrid of that age is there's a very good chance the hybrid battery is very close to the end of its useful life.
Check with a Toyota dealer what the cost of a replacement hybrid battery is. Stories of $6,000 - $8,000 are not uncommon.

 I would be leaning towards a conventional petrol Toyota Corolla. A lot less parts to go wrong for a vehicle of that age. Hope that helps.

Great to see TRA and HLG making fresh all time highs today. Both exceptionally well managed companies trading on compelling metrics and in a strong confirmed uptrend. Let your portfolio winners run and run and run...

lorraina


Waltzing

there you have it , was wondering on what to check for a gift to discretionary beneficiaries in the trusts...

petrol Toyota Corolla...

put a rack on and good for the beach for any teens...

https://www.youtube.com/watch?v=VZ7RbDRuJEY