TRA - Turners Automotive Group

[lorraina]

I wonder how much the latest Ferrari cost.?,,,,,,,,,,,,.lol

[Basil]

I wonder how much the latest Ferrari cost.?,,,,,,,,,,,,.lol

LOL It must be a special order one because the dearest on Trade me is less than 1 million. https://www.trademe.co.nz/a/motors/cars/ferrari/sf90/listing/5502430323
Maybe 1,000 horsepower and 340 km/hr is not fast enough or he's buying a few of them for Tina and senior management as well lol

[Dolcile]

Nice increase in the Q1 dividend to 7cps (Q1 2024: 6cps).

https://api.nzx.com/public/announcement/460100/attachment/453720/460100-453720.pdf

[Basil]

Yes, as I expected.  They have recently invested ~ $36m capex on 3 new branches at Christchurch so I had no expectations it would be any more than 1 cent more than the previous period and its certainly impressive they raised it by a full cent in the context of that significant capex.  I expect that pattern to continue throughout the year and Turners to pay approx 4 cps more in FY26 than the 29 cents they paid last year, a 13.8% uplift.  That would continue their decade long dividend growth story with annual dividend growth being the best in market at an incredible 10 year CAGR of 14% !

I think the half year profit report late next month has a lot of potential to surprise to the upside.   They must have been extremely confident to say profit growth of at least 10% at the annual meeting.  They've never said anything like that before at any annual meeting to the best of my recollection.  The open question is, how much more than 10% profit growth ?  Keep in mind whatever growth is achieved has been against the backdrop of a very deep recession.  I wonder how strongly they will start performing when the economy starts growing again ?  I'm hoping the RBNZ can see the wood for the trees on Wednesday and cut 50 basis points and inject some desperately needed stimulus into the economy.

[Waltzing]

"very deep recession" amazing interview by several local you tubers one with a sociologist who said he cant recall when this number of skilled qualified NZ graduates were leaving the country..

It appears that the GD..p  stats however they are tabulated may in fact be deeply flawed and the LEAKS AND LAGS in the system are far greater than the PROFESSIONALS at the RBNZ want to admit being that the whole country from Health Boards to Banks aggregate there data into single dimensional excel worksheets while and army of economists cut and paste data into models...

In the light of this unknown chasm of a depression the performance of this company is award winning.... 

[Basil]

Another strong month of used car transactions in Sept with dealer to public sales up 9.5% and public to dealer sales up 12.8%
https://www.turners.co.nz/globalassets/terms-and-conditions/market-report-cars---september-2025.pdf
Looking forward to TRA's half year report late next month and what should be a very strong second half with all three new branches in Christchurch up and trading for the full period 2H FY26.

[winner (n)]

Another strong month of used car transactions in Sept with dealer to public sales up 9.5% and public to dealer sales up 12.8%
https://www.turners.co.nz/globalassets/terms-and-conditions/market-report-cars---september-2025.pdf
Looking forward to TRA's half year report late next month and what should be a very strong second half with all three new branches in Christchurch up and trading for the full period 2H FY26.

Market sales still growing strongly eh Basil

Add in market share gains ...I agree a very strong 2nd half likely

[Waltzing]

gosh do we have to back up the mini...

That OTHER thing.. cant really say GUY.. or SHELIA.. says the whole thing is down to the elephant in the room...

https://claude.ai/public/artifacts/5e0af8d8-6332-41b3-934c-8d396b18e6a9

[winner (n)]

Hey waltz, does your Claude work for Forbar ...or is it Craigs?

Does good work

[Waltzing]

Im not sure what your asking winner().Promptrequest(AI->Response('where Dat Come from'))

Its ours, i diverted a resource to run the document in one of OUR AI Accounts ...

AT Quantum D.... we are developing the software Machine which one day will house AI... This is not a class of software the public known about yet and probably never will..as its binding infrastructure, a new class of software..

 as ive stated before here simula was created in the Scandi countries in the mid 1960s.. thats why Finland has the right number toilets in its underground car park bunkers not just in it malls...

[Waltzing]

AI ramblings on Oil prices and possible impact on NZX companies and TRA..

warning nothing checked on this one...

https://claude.ai/public/artifacts/56c9361a-ef17-4af0-a9c1-9248e1006de8

[Otago K]

Im not sure what your asking winner().Promptrequest(AI->Response('where Dat Come from'))

Its ours, i diverted a resource to run the document in one of OUR AI Accounts ...

AT Quantum D.... we are developing the software Machine which one day will house AI... This is not a class of software the public known about yet and probably never will..as its binding infrastructure, a new class of software..

 as ive stated before here simula was created in the Scandi countries in the mid 1960s.. thats why Finland has the right number toilets in its underground car park bunkers not just in it malls...

My random thought to the winner post was I wonder if there is something of a NZ broker firm reports got on a cloud storage platform that is somehow being allowed to have third party access. Possible a client has it stored on an unsecured cloud platform.

Just random thoughts, sure you have a better read on the possibility of where Claude might access sufficient verifiable data, I have a head that spins a bit with AI potential to some extent.

[Waltzing]

Document storage projects contain documents... you load them up.... they can be downloaded off the NZX , the ASX, then combined the searches with web content from reserve banks , economic statistic sites and you have it....

It all come standard with your AI projects.... we put the documents through an AI PROJECT....

Dozens of them....

Then add more documents... download your AI projects and reload them... these are original documents generated from public information which derivative compilations of AI studies that are then reloaded.

We have 6 months of Documents....its the future you build your own AI project document libraries.

[winner (n)]

My random thought to the winner post was I wonder if there is something of a NZ broker firm reports got on a cloud storage platform that is somehow being allowed to have third party access. Possible a client has it stored on an unsecured cloud platform.

Just random thoughts, sure you have a better read on the possibility of where Claude might access sufficient verifiable data, I have a head that spins a bit with AI potential to some extent.

Maybe we both saying that broker analysts as we know them are destined to become redundant

Waltz's Claude seems to do a great job ..even better than analysts maybe

Could even be that many analyst reports are AI generated

[Waltzing]

Doubt AI could do a better marketing job than TINA... or run the company...understanding human nature..dont think it will replace either staff or CEO of these companies..help with the filing and collecting the stats sure...