TRA - Turners Automotive Group

[Basil]

Good stuff.  Jenny has finally woken up to what I have been talking about for quite some time now. 

[lorraina]

I think she must be a deep sleeper.lol.

[Waltzing]

oh oil just got even cheaper... late summer ... driving season.. 

this stock is DUMPLITUS resistant...

[Waltzing]

Investors arnt you excited...go on ..

https://www.youtube.com/watch?v=Yz6hTuK9yBo

[Basil]

Very strong dealer to public car sales in March, up 12.9% year on year.  Additional to that for Turners is market share gains by Tina.  https://www.turners.co.nz/globalassets/terms-and-conditions/market-report-cars---March-2025.pdf

[winner (n)]

Very strong dealer to public car sales in March, up 12.9% year on year.  Additional to that for Turners is market share gains by Tina.  https://www.turners.co.nz/globalassets/terms-and-conditions/market-report-cars---March-2025.pdf

Probably need to do another profit upgrade ...like now over own up to how much npbt exceeds $50m

[Basil]

Probably need to do another profit upgrade ...like now over own up to how much npbt exceeds $50m

They're pretty conservative mate and do what they say they will.  Nothing much wrong with leaving guidance at over $53m+ and then having a positive surprise next month.

[Dolcile]

Very strong dealer to public car sales in March, up 12.9% year on year.  Additional to that for Turners is market share gains by Tina.  https://www.turners.co.nz/globalassets/terms-and-conditions/market-report-cars---March-2025.pdf

Wow that looks overwhelming positive for Turners. 

[Red Baron]

They're pretty conservative mate and do what they say they will.  Nothing much wrong with leaving guidance at over $53m+ and then having a positive surprise next month.

I vlew over ze brand zpanking new Turners zite on Moorehouse Avenue een Christchurch today Basil.   Right in ze heart of carland!    Looks rather zmaller zhan ze old site on ze bottom corner of Hagley Park though.   Paint and zignage eez on ze building and ze ram raid bollards are een.  Must be due to open zoon.  Have you been invited to ze opening?

RB

[Waltzing]

Durch Ben Sturm....Nicht das Geschäft Aktienkurs Ebene...

storms coming...

https://www.youtube.com/watch?v=cnZvPQ6Swgs

[Basil]

I vlew over ze brand zpanking new Turners zite on Moorehouse Avenue een Christchurch today Basil.  Right in ze heart of carland!    Looks rather zmaller zhan ze old site on ze bottom corner of Hagley Park though.  Paint and zignage eez on ze building and ze ram raid bollards are een.  Must be due to open zoon.  Have you been invited to ze opening?
RB

I'm expecting Tina to hand deliver my invite any day now. 

[BlackPeter]

I vlew over ze brand zpanking new Turners zite on Moorehouse Avenue een Christchurch today Basil.   Right in ze heart of carland!    Looks rather zmaller zhan ze old site on ze bottom corner of Hagley Park though.   Paint and zignage eez on ze building and ze ram raid bollards are een.  Must be due to open zoon.  Have you been invited to ze opening?

RB

It is. I assume however you realise that they plan to open three new sites in Christchurch? I suppose the sum of them will be lager then their old site which is difficult to access and had a landlord hard to deal with.

https://www.turners.co.nz/Company/Branches/hornby-cars/

Win-win.

[lorraina]

We know Turners' new site in Moorhouse Ave in ChCh is well placed.Right in the centre of things.A good size site with the usual excellent Turners signage.About the size of two car yards. Due to open soon.
Hornby ChCh site is open.Another stand out site.A very large site,all set up for auctions as well as having a great number of cars for sale.Plenty of customer parking.Usual stand out Turners signage.I would call it a "super site."
Wairakei Road.According to Michael at Hornby this will be about the same size as Hornby.
All three sites are really well sited.I know Turners do well out of their old site,however these three sites should supercharge Turners presence in ChCh.

As an aside..CDI [CDL Investments] bought their Cashmere development from Turner's Oxford Finance,and I think Turners will be renting Wairakei Road site from CDI.
Update.Turners own this fantastic site.

[Waltzing]

this post is off topic but related to cars.... and investors with AUS portfolios...

It appears that china needs resources and it will do anything to get them for EV's

https://www.youtube.com/watch?v=SNag4j0nmKU

[Basil]

Divvy day for Turners today, yeah.  Very pleased to be receiving more shares in lieu of divvy and enjoying compounding quarterly growth with my investment in this extremely well managed company.   I prefer to invest in proven growth companies on extremely attractive metrics.  This is a classic GARP, (growth at a reasonable price) stock, arguably the best example of a GARP stock on the NZX. Looking forward to next month's annual result and the growth in earnings and dividends in the years to come.  Forward FY26 PE based on my estimate of eps of 50 cps is only 11.6 !