TRA - Turners Automotive Group

[lorraina]

Do they?

Just checked their Christchurch branch (on
TradeMe). 58 cars currently listed, of them zero Kia's.

Which sort of makes sense. They buy their used cars in Japan. Kia is made in South Korea.

I was referring to Turners stock of Kias.Their site says 44 nation wide.

ps.2Cheap Cars have 70 cars on their Blenheim Road Branch.
Well they did last Sunday..lol
pps.No Kias.

[Basil]

"WE'RE GETTING STRONGER"  LOL the front cover of the annual report sums it all up very well.
http://nzx-prod-s7fsd7f98s.s3-website-ap-southeast-2.amazonaws.com/attachments/TRA/413843/397411.pdf

[winner (n)]

2 Cheap Cars seem to be on a roll and pretty gung-ho about the future

Hope they don't make too much of a dent in Turners business ...got to be room for both of them growing doesn't there?

[lorraina]

I do not see 2CC making a dent in Turners market.
I see both growing as small dealers leave the market.

[KW]

Tina from Turners has helped Turners Automotive Group buy and sell more used "cars, cars, cars" - so many that it paid off the company's $300,000 ad campaign within one month.

However, listed company Turners was witnessing a slowdown in the used car market, with buyers seeking more vehicles below $15,000.

The company's costs had increased 110 per cent in its car lending division, as it couldn't reprice interest rates quick enough to keep up with the pace of the official cash rate.

https://www.nzherald.co.nz/business/how-the-tina-from-turners-ad-paid-off-in-a-month/LAJ7NQFB4ZAKFJ3I6OEVSLL2J4/

[Basil]

People should watch the whole Markets with Madison video which might help them form their own opinion of TRA's prospects.

[lorraina]

However, listed company Turners was witnessing a slowdown in the used car market, with buyers seeking more vehicles below $15,000.

Exactly 2CC's market..

[Onemootpoint]

People should watch the whole Markets with Madison video which might help them form their own opinion of TRA's prospects.

True.

I liked the message from the TRA CEO (linked by KW, or link below). Around the 4 minute mark he again reiterates the potential expansion with more branches, but importantly still very far from peak network. Bodes well for future growth.

https://www.youtube.com/watch?v=JWyQii-xF88

[winner (n)]

Guy on other channel reported that Todd told a preso this morning TRA was 47th biggest co on NZX .....obviously inferring he's hoping for inclusion in NZX50

That'll take share price to 5 bucks

[winner (n)]

Another lot of Directors jumping on the gravy train craze and wanting big pay increase

That Strategic Pay outfit must be creaming it these days .......changing a few numbers in a standard template at regular intervals and no doubt charging an arm and a leg for 'coming up' with a good number

Another NO vote from me ..but they won't care

http://nzx-prod-s7fsd7f98s.s3-website-ap-southeast-2.amazonaws.com/attachments/TRA/415114/398950.pdf

[Waltzing]

You would be surprised at the number of young man who drive old american big junk heaps and thinks they are cool...

Not car that will end up at Turners but just shows the numbers of Red necks still out there driving petrol big car junk....

Plenty of old cars but are there going to be buyers and for how long until there is an tipping point and it all crushed junk...\

take a look around the car yards full of old junk...

[winner (n)]

Directors asking for about 40% pay rise

Prob say they haven't had one since 2019 year ....but heck npbt and dividends haven't increased by 40% over that time.

[Habitz]

People should watch the whole Markets with Madison video which might help them form their own opinion of TRA's prospects.

Did I miss something about Mr Bs absence, this the  last post I can see from a week and a half ago. We all know and love his usual yappy style, he must be enjoying it, whatever he's up to right now.

[Buzz]

Directors asking for about 40% pay rise

Prob say they haven't had one since 2019 year ....but heck npbt and dividends haven't increased by 40% over that time.

Outrageous ask, imo. You can see that they set the stage a while ago for the recompense by declaring the share price as undervalued, and as soon as the SP makes a move they have their hands out for a pay rise.

Sure, a modest recognition but 40%! Gotta be joking, or pulling our legs.

[Onemootpoint]

40% seems a bit over the top.
Dilemma is, if we believe they look after the company we may own a share of, and the company performs well, or better than other companies when times are tough (so not necessarily the highest rate of return), we want to incentivise them to stay and not go on to other ventures.

But 40%...a bit much I think.