TRA - Turners Automotive Group

[Left Field]

https://www.youtube.com/watch?v=p4WG_y7owmM&pp=ygUfdG9uaWdodCB0aW5hIHR1cm5lciBkYXZpZCBib3dpZQ%3D%3D

I saw Tina with the same backing band at Mt Smart in 1985. Best concert ever.

[Left Field]

While I was all eyes for Tina.... my wife was watching the hulk on the Sax! lol.

[Basil]

https://www.youtube.com/watch?v=GC5E8ie2pdM

[Waltzing]

they are looking for ocr rates to be moving down late next year with 3 percent inflation....

thats the last rate kick ..

Boomroo budget NOT according to Eeyore AND HE SAYS IMMIGRATION today on CNBC is going to be a big factor in NZ economy going forward....

heck surely a DIV increase coming for this stock next time round?

they will need cars, cars, CARS!

As an aside a new immigrant from Mogadishu back out from a hotel in wellington last year into rush hour traffic.... Loud noises of car horns and the little head popped out the window yelling and waving of arms in some strange language....

No car pile up thank goodness but expect more of this...

[BlackPeter]

they are looking for ocr rates to be moving down late next year with 3 percent inflation....

thats the last rate kick ..

Boomroo budget NOT according to Eeyore AND HE SAYS IMMIGRATION today on CNBC is going to be a big factor in NZ economy going forward....

heck surely a DIV increase coming for this stock next time round?

they will need cars, cars, CARS!

As an aside a new immigrant from Mogadishu back out from a hotel in wellington last year into rush hour traffic.... Loud noises of car horns and the little head popped out the window yelling and waving of arms in some strange language....

No car pile up thank goodness but expect more of this...

Lets face it - any dilution of Kiwi drivers is welcome! Our human road kill rate was maxing out during the time of the hermit kingdom ... it is clearly dangerous to allow Kiwis onto the road without the positive influence of overseas visitors!

[Waltzing]

wait till your backed into on a busy wellington main street and 50 cars all pile up behind you... waving of arms and loud shouting from the Mogadishu  driver....

Car, cars, CARS!!!!

[Basil]

https://www.forsythbarr.co.nz/assets/publications/turners-automotive-group-ltd-2023-05-24-brand-momentum-drives-market-share-growth.pdf
Disc: Happy holder of this very well managed, highly resilient business.
Forbar's estimate of 27 cps divvies fully imputed for FY25 = 10.2% gross yield at today's closing price of $3.63

[Fiordland Moose]

scary days when the Basil & I are in full agreement but that is the case here.

Have enjoyed the recent Forbar reports written re TRA. They went from the most bearish to the most bullish - their FY25 DPS forecast is 1.5c more than both CIP & Jarden. Jarden for what it's worth have the best track record in forecasting TRA financial performance - were only 0.3% off for their FY23 npat, forbar 2.1%, and CIP off 4.6%.

watching the SP with interest.

[Basil]

Have to agree that 27 dps for FY25 seems a bit ambitious and 26 cps more likely.
Can't believe we're on the same page.   This is scary indeed...I need a very stiff drink.

[Fiordland Moose]

You cannot view this attachment.

BFFs
That's me on the right (I'm the one jumping higher)
lol

[Basil]

Got bored and decided to read last years annual report now I have quite a few of these puppies on board.
Speaking of besties, interesting Bio on the top three.
Todd Hunter, Aaron Saunders and Greg Hedgepeth all have Bachelor of Commerce degrees from Auckland University.  Thought I recognized Todd when I first saw him, must check out when he was there.
Hope they worked a lot harder than I did back then lol...probably did as Todd worked for Earnst and Young for a while and they only took the cream of the crop...

Greg Hedgepeth an interesting character with his major in marketing.  Worked in senior roles with BMW N.Z., Armstrong group and for a number of years, for Saatchi & Saatchi.  Its no accident these guys have come up with such a great marketing plan that's really building the brand and are executing a well thought out plan to expand their business.  If you can't trust your fellow alumni, who can you trust!  Might as well get some more I reckon.

[Fiordland Moose]

Yes was interesting to learn how Tina was internally developed. No fat fees paid to external consultants.

I went to Otago.

That probably explains a lot.

[Basil]

Otago Uni is awesome!

[Whome]

TRA Release

Turners Dividend Reinvestment Plan
 
The Board of Directors of Turners Automotive Group Limited has approved the adoption of a dividend reinvestment plan (DRP). The DRP offers the opportunity to reinvest dividends payable on existing shares by the issue of additional new shares. This provides an easy and convenient way for you to increase your investment in Turners without paying any brokerage fees.
 
The Board has decided that the new shares will be issued at a 2% discount to the market price at the time entitlements are determined. The Board may review the extent of discount (if any) at any time.
 
Participation in the Plan is optional, and you can decide whether to reinvest all, part or none of your cash dividends in additional shares.
 
If you decide not to participate, you do not need to do anything, and you will continue to receive all future dividends as cash. If you change your mind regarding participation, you can elect to join the Plan at any time.
 
You can read a copy of the full DRP offer at www.turnersautogroup.co.nz/investor-centre/. If you wish to participate in the Plan please visit www.investorcentre.com/nz to update your reinvestment options in the "My Profile" page. Alternatively complete the attached Participation Election Notice and email to drp@computershare.co.nz.
 
If you have any queries on the Dividend Reinvestment Plan please contact Computershare by emailing drp@computershare.co.nz or by calling 09 488 8777.

Basil, the gods have spoken.

[Basil]

I'm keen for more shares.  Pretty cool that the number of shares issued is quarterly so the number of extra shares you get will grow with quarterly compounding....sounds like a darn reasonable proposition (DRP) to me.