TRA - Turners Automotive Group

[lorraina]

Today.
Upgrade from Turners.
Downgrade from Heartland.
Interestingly both driven by their vehicle financing.
One wonders how a second hand car dealer can succeed in this sector while a bank can not.?
I guess the difference is directors/management.

[Gerald]

Probably been covered previously - but any reason behind all the NPBT reporting? Doesn't seem anything wrong with it but it's the only company I can think of who does it.

[Dolcile]

Probably been covered previously - but any reason behind all the NPBT reporting? Doesn't seem anything wrong with it but it's the only company I can think of who does it.

I'd say it is because that is what they can control.  In recent years there has been some tax law changes (depreciation on buildings for example) that have swung tax expense up and down.

[BlackPeter]

Today.
Upgrade from Turners.
Downgrade from Heartland.
Interestingly both driven by their vehicle financing.
One wonders how a second hand car dealer can succeed in this sector while a bank can not.?
I guess the difference is directors/management.

Well, yes - it looks like both TRA and HGH expect another earnings extreme this year. With TRA it will be another All Time High, and with HGH it looks like another All Time Low. Complementing each other?

I guess most managers shine from time to time, but only some managers shine most of the time ... though, TRA (and its predecessors) used to have in the past its fair share of bad times as well, didn't they?

[lorraina]

Yes I well remember the haters attacking me when I was keen on TRA on Sharetrader a number of years ago.
Funny how the biggest hater has turned into the biggest lover of TRA here...lol.

[Dolcile]

pretty happy to pick up another parcel (only partially filled) at the opening bell. Hard to believe there were some available at $5.65 early doors

[Basil]

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

Yeap, we both predicted this quite recently and I agree they are still being very conservative. I think $65m by FY27, a year early, is highly likely.

To be fair Lorriana, the Tina campaign has been completly transformative for Turners and I picked the brilliance of that very early after it started. You are allowed to change your mind mate when a company transforms itself.

Dolcile, I was out of cellphone coverage range south of National Park at market open so you got lucky.

[Waltzing]

6 soon.. going on 7...

[Dolcile]

It needs a bit more liquidity to get the fund managers interested IMO

[BlackPeter]

Yes I well remember the haters attacking me when I was keen on TRA on Sharetrader a number of years ago.
Funny how the biggest hater has turned into the biggest lover of TRA here...lol.

Wasn't this the time where the TRA share price dropped from something slightly below $3 to something slightly above $1?

So - clearly TRA was unloved not just by some posters, but by Mr. Market, and holding the share during this time was not necessarily a profitable decision.

Do you call it "hate" if people convey this message?

But hey - market clearly changed its views since then ... and all up from here (until the trend change in the end, but I think there is still some time to go).

No worries, we are all good in identifying undervalued stocks, its just that our timing is not always perfect. And hey, I know how painful it can be if people disagree with ones views - and the market supports them. Been there, done that. But are these really "haters", or just people with a different view? These things happen.

Sorry - I know we live in extreme times, so - maybe we should try to soften our language ...

[Basil]

Thanks BP, many, many years ago I was calling the company what it was back then.  The most brilliant multi award winning marketing campaign that is Tina, really has been completly transformative for Turners.  Turners has been my biggest position for quite some time. HLG position is right up there with it now and I expect a verp positive half year update from them very soon.

[lorraina]

Tina is the icing on the cake.
First the right ingredients went into making the cake.

[Waltzing]

the market had a zeitenwende....

[Basil]

Great to see Turners on a new all-time high.  I continue to believe the upgraded guidance of more than $53m is very conservative.  I think Winner is on to it, somewhere between $55m and $60m.  They might even make their FY28 goal of $65m in FY26, two years early.

[Waltzing]

wow... its unbelievable...

https://www.youtube.com/watch?v=sfCLt0kTd5E