StockTalk

There is a Lexus RX400H 2007 with about 200K on the clock sitting outside our place. Just gathering cobwebs
May be able to take it for free, been there for the last 6 months, think we know who the owner is - if so, lives locally, but not in our street, and they have a new Lexus and RAV4.
Wish someone would take it away, has a current WOF and Rego

Turners used car market stat's for January just out. Market rebounding strongly for used cars with dealer to public sales up a strong 12% compared to Jan 2024.

On top of that for Turners will be ongoing strength in market share gains driving the flywheel of increased motor vehicle finance lending and insurance sales

Expecting numerous cuts by the RBNZ this year starting with 50 bps next week driving a substaintial gain in net interest margin in FY26 and beyound.

Factor in branch expansion and their new iniative with motor vehicle servicing and Turners shareholders are set to enjoy exciting times in the years ahead.  Looking forward to another big juicy quarterly dividend in April.

That's a big increase in sales eh ...and boosted by share gains

Auto Retail dvision out of doldrums

Going to be a great H2 feeding into a better than expected full year

Profit upgrade this week methinks ..maybe tomorrow

That'll get share price moving

Todd rather modestly said at half year 'The company is on track for a record result for FY25, expected to exceed its $50m NPBT target.'


Jeez, only exceeding $50m ....... Disclosure protocols now in play ....... Might need to come out confess it's really $55m to $60m

Margins recovering nicely too according to Todd in November.

Noticed in Dec inflation stat's announced late last month, used car prices up a very strong 4.7% that quarter.

Yeap, all those extra sales, at much better margins and better NIM on lending, exceeding $50m looks to be extremely conservative guidance.

Exceeding $55m would not surprise me in the slightest as upgraded guidance at some stage quite soon.

This was published in Autofile on 11 February.

"The number of dealers on the Motor Vehicle Traders Register (MVTR) fell by 21 last month, with the total at the end of January standing at 2,789.

It marks four consecutive months of decline since the tally reached 2,880 in September last year.

The figure is the lowest since April 2013 when there were 2,773 registered traders nationwide.

Last month's total is also 121 below the 2,910 recorded at the end of January 2024.

Dealer numbers have largely been in decline since hitting a high of 3,535 in November 2017."

TRA must be decimating the numbers... you cant best TINA....

Quote from: Basil on Feb 12, 2025, 03:51 PMTurners used car market stat's for January just out.
...

Hi beagle, must be my recent lack of sleep - but I can't find anything on the NZX nor on Turners website.

Do you have a link?

Quote from: BlackPeter on Feb 13, 2025, 08:50 AMHi beagle, must be my recent lack of sleep - but I can't find anything on the NZX nor on Turners website.

Do you have a link

Sorry mate, on holiday and all I have is my phone.and I don't know how to cut and paste links using my phone. Back in the office late next week. Flick me a reminder then and I will post a link.

If you're looking for a home for the capital released from your HLG shares sold, for what its worth, I can't think of a better one. (Not suggesting this is better, they are both exceptionally well managed growth companies, trading on compelling metrics in my opinion and I remain very happy indeed to have a large, approx 17%, portfolio allocation to each one).

Quote from: BlackPeter on Feb 13, 2025, 08:50 AMHi beagle, must be my recent lack of sleep - but I can't find anything on the NZX nor on Turners website.

Do you have a link?

They said it by email ,,,here's how to get it

If you have any queries about the information in this presentation or wish to add someone to the distribution list, please contact Asgar Kachwalla, Key Accounts   Asgar.Kachwalla@turners.co.nz
 


Lots of other data in report.mSend him an email right now ....they very prompt

Quote from: Basil on Feb 13, 2025, 09:07 AMSorry mate, on holiday and all I have is my phone.and I don't know how to cut and paste links using my phone. Back in the office late next week. Flick me a reminder then and I will post a link.

...

Hi basil, cheers - just following winners hint, i.e. I suppose I will be fine.

Quote from: Basil on Feb 13, 2025, 09:07 AMIf you're looking for a home for the capital released from your HLG shares sold, for what its worth, I can't think of a better one. (Not suggesting this is better, they are both exceptionally well managed growth companies, trading on compelling metrics in my opinion and I remain very happy indeed to have a large, approx 17%, portfolio allocation to each one).

Absolutely - TRA is part of the "essentials" portfolio I am currently growing. Come rain, sun shine, Putin, Xi or Dump - people always will need transport ... and unless we go back in time like the Russians do (who apparently  employ now asses and mules at the front due to lack of operational vehicles (info courtesy to Waltzing's posts), we always will need cars, and no doubt - TRA is clearly the current star in this market.

Having said that - there are as well some other stocks in this portfolio ... like e.g. SKL and some agricultural companies ;

Risk is going through the roof...

there is nothing but gold and land that will  hedge whats coming...

although this company might buy a real scrap metal merchant... not a lot of scrap in this country..

this company is the next best thing...

retail stats out for jan.. down 1.6%

Quote from: Waltzing on Feb 12, 2025, 07:08 PMTRA must be decimating the numbers... you cant best TINA.

Best marketing program in 50 years.
Makes it really tough for their competitors. Second hand dealer to public sales up 12% in January, (after several strong months before that), but Turners probably up 20%+

50 bps interest rate cut on Wednesday a certainty with more to come.

This year will certainly mark the fifth record result in a row, despite all the covid and economic challenges. No reason I can foresee why they won't continue making further record results in the years ahead with commensurate record dividends.

Quote from: winner (n) on Feb 12, 2025, 04:35 PMTodd rather modestly said at half year 'The company is on track for a record result for FY25, expected to exceed its $50m NPBT target.'


Jeez, only exceeding $50m ....... Disclosure protocols now in play ....... Might need to come out confess it's really $55m to $60m

And here it is

With modesty says greater than $53m

But we know it's going to be $55m to $60m don't we

https://announcements.nzx.com/attachment/437671.pdf

Target $65m npbt by F28

C'mon Todd that's only 6%/7% pa growth .....Basil would say below average