TRA - Turners Automotive Group

[winner (n)]

seeweed - re ST login. Id the email you used when originally signing up still a valid one? That seems to cause problems

[Basil]

Spill the beans on what was discussed at the sharetrader get-together please, anyone who was there.
Turners holders must have been in a good mood to celebrate !

[Red Baron]

Spill the beans on what was discussed at the sharetrader get-together please, anyone who was there.
Turners holders must have been in a good mood to celebrate !

I vas not zhere either.  I zuspect zhose who vent are either zleeping een on zome vell chomped Chops OR
Eef after a vew deep beers, perhaps zhey decided ze vorld vas not zhier Oyster?  Vhereupon zhere vas an organized 'mass valk out' to ze top of ze Harbour Bridge, vhere ze whole crew, one by one, took a 'deep dive'.....

Vhen you return to port may I zuggesst a zhort combing of ze below bridge area to zearch vor any zurvivors Basil.

RB

[Shareguy]

Turners has been my "archillies heel of shares." Have tried several times to buy over the years and each time I miss out by a few cents and then become stubborn to buy into it again. Since then I've watched the share price increase after one good result after another.

Craig's have been pretty accurate with their forecasting on this one in my opinion and the latest note highlights another fantastic result in a difficult year.

Insert from Latest note

FY26 guidance bang in-line with CIPe
TRA issued FY26 NPBT guidance of "around $60m", implying c.11% YoY growth in 2H26. The Group has also signalled that dividends will be "at least" 32cps in FY26 (CIPe 32cps / FY25 29cps). Given guidance is in-line with our forecasts, we leave our uNPAT largely unchanged for FY26/27/28 at $43.2m/$48.2m/$51.7m

On saying that Craig's think FY28 NPBT target is too conservative.

A well run company with impressive EPS share growth over many years. At the current share price I don't see it as cheap, but sometimes quality is indeed worth paying for.

Finally my curse has been broken. I'm now a holder and on the Turners train.

[Basil]

Welcome on board mate.  Trading at a PE of about 15 on forecast FY27 earnings for a company that's been growing EPS at double digits for years, its arguably still a great time to buy.   Imagine how this puppy will run when the economy finally gets out of the dogbox !

[Dolcile]

Yes as B says, welcome!
I've been buying all the way up from about $4.60 and the story keeps getting better. Wish I'd got more, earlier.

[Basil]

Tina charging $10 a hug by Christmas 2026 would not surprise me.

[seaweed]

Spill the beans on what was discussed at the sharetrader get-together please, anyone who was there.
Turners holders must have been in a good mood to celebrate !

A good venue for eating cheap oysters which were delicious, but not very good for ST meeting unless you could get a table with chairs. There were plenty of tables and chairs for the younger generations but not for us. We had to settle for high stalls on a fairly wide bar in the center of the garden bar. There were two groups of us, one group on each side of one end of the bar and I could not hear what the other group were talking about. The queue, to get in, wasn't too long. Went straight to the bar and was told to go back to your table and wait to be served. Forty minutes later finally served. Not too much said about TRA but steady as she goes. A bit about DGL,FSF,SEK and a few others. A bit of talk on a different venue next time for a change.     

[Shareguy]

A good venue for eating cheap oysters which were delicious, but not very good for ST meeting unless you could get a table with chairs. There were plenty of tables and chairs for the younger generations but not for us. We had to settle for high stalls on a fairly wide bar in the center of the garden bar. There were two groups of us, one group on each side of one end of the bar and I could not hear what the other group were talking about. The queue, to get in, wasn't too long. Went straight to the bar and was told to go back to your table and wait to be served. Forty minutes later finally served. Not too much said about TRA but steady as she goes. A bit about DGL,FSF,SEK and a few others. A bit of talk on a different venue next time for a change.     

40 minutes for a drink in a Bar. The Oysters and the chat must of been good Seaweed.

[winner (n)]

Yeah I'd say Autoshop probably made a loss in this 6 months.  Or break even at best. 

Seems Turner's share of Autoshop losses for half year were $99,000  (total loss $198,000)

Not as bad as the $192,000 they booked for Sept/March (total loss $384,000)

[Mos]

Seems Turner's share of Autoshop losses for half year were $99,000  (total loss $198,000)

Not as bad as the $192,000 they booked for Sept/March (total loss $384,000)

Autoshop has the feel of another Carly - wouldn't be surprised if it quietly disappears in a year or two. Not material to the TRA investment proposition.

[mike2023]

Two directors selling. Aaron 150k and Todd 200k

[Basil]

Aaron is not a director, he's the CFO. Can't blame them for wanting to diversify their investments a bit. Todd still has over a million shares.

[777]

Probably wanted a few HLG.

[Waltzing]

that auto shop thing does not seem like core business... can it be dumped???