TRA - Turners Automotive Group

[Dolcile]

Yes, not quite "hitting the accounts", more hitting the DRP too!

[Basil]

This year's annual meeting could be quite a jovial event.  I expect to see lots of happy faces and good vibes as the shares attain a 6 handle.

[Ferg]

DRP price $5.26
https://www.nzx.com/announcements/445204

[Stoploss]

This year's annual meeting could be quite a jovial event.  I expect to see lots of happy faces and good vibes as the shares attain a 6 handle.

Hopefully it's live streamed and we can see you have a boogie with Tina after the meeting 

[Basil]

Looks like Turners have had a ripper third quarter.  They posted a record first half result for the six months to 30 Sept https://api.nzx.com/public/announcement/442516/attachment/432694/442516-432694.pdf despite dealer to public sales being very weak, (see dealer to public sales for the months of April to Sept 2024 compared to 2023, top right box), so decent market share gains must have been made in the first half.

Since then, sales have been much stronger, up 11.5% in October, 6% in Nov and 10.7% in December 2024.  Additionally, Turners commented in late November at their half year announcement, vehicle margins are recovering.  On top of that will be market share gains this third quarter.
Net interest margin on their finance book is set to grow strongly with OCR cuts this year. 
https://www.turners.co.nz/globalassets/terms-and-conditions/market-report-cars---December-2024.pdf

Disc: I topped up with more TRA shares this week and am subscribed to the DRIP so will get even more later this month at $5.26

[lorraina]

Daughter's car and two others were crashed into while parked by a Merc,where te driver hit the gas pedal rather than the brake.Her Nissan Tiida may be a right off.I therefore thought I better check prices for a replacement car.
2CC Christchurch.2015 Nissan Note,29,974 klms $9,489.plus on road costs.
Turners Christchurch.2013,Nissan Note,53,000 klms.$9,980.
If her car is written off I will have to check out if either company give shareholder's a discount....lol.
Although 2CC's appears the much better buy,both look to be fairly priced.Under $10,000 for a good reliable car.

[Waltzing]

talking one of these? well...

https://www.youtube.com/watch?v=Eoku2YdfxJQ

fair price since the kiwi is 50 to the dollar... not quite the rubble yet... thank goodness...

[lorraina]

Thanks for the link.
What a fantastic car.
Now I hope the daughter's Tiida is written off..lol

[Waltzing]

Sir B will buy one for going down to the shops with the dog in the back....

[Basil]

Sir B will buy one for going down to the shops with the dog in the back....

Best to find one with an interior that matches the big boy's tan fur colour so you can't see the truck loads of fur he sheds lol.  Quite rare to get a classic tan interior these days but I found one this year and Tony and I love it.  https://www.trademe.co.nz/a/motors/cars/nissan/x-trail/listing/4831023163  Mrs reckons the ride is a bit firm, but she didn't even get a say in it lol
I could have bought some fancy European car for 3-4 times the price but after talking with Todd, he told me save yourself a ton of drama's and grief as well as truckloads of depreciation and stick to Japanese, so I did what he suggested.

[Waltzing]

 expecting and hoping for big things from this well run scrap metal merchant ...

if the economy is on slow now for ever and it looks like.. steady as it goes companies are the ones to own down under due to extreme world risk rising...

many thanks to those who studied this stock and published thoughts..

[Basil]

Daughter's car and two others were crashed into while parked by a Merc,where te driver hit the gas pedal rather than the brake.Her Nissan Tiida may be a right off.I therefore thought I better check prices for a replacement car.
2CC Christchurch.2015 Nissan Note,29,974 klms $9,489.plus on road costs.
Turners Christchurch.2013,Nissan Note,53,000 klms.$9,980.
If her car is written off I will have to check out if either company give shareholder's a discount....lol.
Although 2CC's appears the much better buy,both look to be fairly priced.Under $10,000 for a good reliable car.

Off topic and FWIW, I tell me kids to stick to N.Z. new vehicles with a well-documented full-service history, preferably with not just stamps in the service book but also service work invoices.  That serves two purposes.  You know it's been well serviced and at what milage and secondly, it validates the history of the mileage to some extent in that you can track the mileage gradually going up each time its serviced and can get a pretty good idea if the mileage displayed is plausible.  With used imports, it's a lottery whether they have been serviced properly, and if the mileage is genuine.

[FatTed]

Funny how we still say milage when it records km

[entrep]

Off topic and FWIW, I tell me kids to stick to N.Z. new vehicles with a well-documented full-service history, preferably with not just stamps in the service book but also service work invoices.  That serves two purposes.  You know it's been well serviced and at what milage and secondly, it validates the history of the mileage to some extent in that you can track the mileage gradually going up each time its serviced and can get a pretty good idea if the mileage displayed is plausible.  With used imports, it's a lottery whether they have been serviced properly, and if the mileage is genuine.

I agree and have learned this lesson personally (many times). Always NZ new.

[Basil]

Funny how we still say milage when it records km

Off topic and just shooting the breeze but I can see why the English language is so difficult for immigrants to learn.  As you suggest, there's so many curious mannerisms we carry through from years gone by.  Not just that but there are so many words that sound the same but are spelt so many different ways with different meanings.  e.g pour, poor, pore, paw, or hair, here, hare or even heir.   How anyone learns the language without growing up with it I'll never know lol