TRA - Turners Automotive Group

[Sideshow Bob]

Additionally, it presently trades cum a 6 cent fully imputed dividend. 

Disc: My #1 investment position on the NZX.

Also my daughters no.1 NZX position (via Sharesies). Her eyes glaze over when I talk about S&P500 ETF's, as with most things that isn't horse related. But she gets Tina.

While not enough shares to be worthwhile to transfer out and take part in the DRP, I bought her the equivalent value of shares to the dividend amount already (transaction free as part of her monthly fee), so she gets the dividend on those.

[Ricky Bobby]

Hey fellas, it's my no.2 biggest hold... big question for me is what is it going to take to get the share price moving in the right direction with a bit of momentum? It's not like they are short of good positive announcements! Great Div and all n all a great company.

[Basil]

Hey fellas, it's my no.2 biggest hold... big question for me is what is it going to take to get the share price moving in the right direction with a bit of momentum? It's not like they are short of good positive announcements! Great Div and all n all a great company.

NZX50 index inclusion sooner or later, probably in December.

[Waltzing]

Have to wonder why its price is a bit second hand...

gross div over 9 is it?

Is it the product they are selling and that is why?  It not Junk yard stuff but its not Top end show room either...

and the price reflects that.

[Basil]

Yield - see post #298.
Award winning marketing, management and directors have a decent stake and are doing very well to weather the headwinds in the economy and very strong headwinds with funding costs.
There's a lot to like including that they clearly communicate their future strategy too.
There are not many stocks on the NZX I feel all that comfortable with in a weak economy, but this feels like a "safe harbor" to me.

[winner (n)]

Liam Lawson top 10 finish in Singapore ...pretty amazing stuff

Probably not very proper for Turners to run a campaign aimed at wannabe boy racers starring Liam .....be a boy racer like me, go to Turners

[Ricky Bobby]

Yield - see post #298.
Award winning marketing, management and directors have a decent stake and are doing very well to weather the headwinds in the economy and very strong headwinds with funding costs.
There's a lot to like including that they clearly communicate their future strategy too.
There are not many stocks on the NZX I feel all that comfortable with in a weak economy, but this feels like a "safe harbor" to me.

We have been selling vehicles through them over the last few months. Things are still selling easily and for a good price. So the used vehicle market is still really active. Great service also.

[Basil]

Thanks Ricky, I appreciate you sharing your user experience dealing with Turners and its good to hear you are happy with their service.

[winner (n)]

Does Tina marketing campaign have a return on investment ....of course it does because I keep hearing 'award winning marketing' on forums like Stocktalk (sorry Basil)

Tom always up with the play ...sorry can't post screen shot of cartoon as file too big for stocktalk so just click here

https://x.com/tomfishburne/status/1706018244279308312?s=61&t=iHjDYVMfLj1Ccl5JFHMPjA

[lorraina]

We have been selling vehicles through them over the last few months. Things are still selling easily and for a good price. So the used vehicle market is still really active. Great service also.

Any Hybrids or Electric.?
If so what %.

[Basil]

LOL Winner, I'm not biting because I know their marketing is working.  I've listened into their analyst calls in recent years and heard firsthand how happy they are with their, (and let's get this right), "MULTI" award winning marketing campaign.  I remain unsure how sponsoring someone in Formula 1 adds to their bottom line but judging from all the favorable comments on the other social media channel by you and others , there must be some logic to it.

[Waltzing]

"safe arbor"

tragic but true...

also maybe the directors really want to go to the party in Monaco one day ...

" re the Mclaren movie"

https://www.youtube.com/watch?v=WOFpVOqF960

[Waltzing]

In the end its all about the money honey ...

and they got the dough...

https://www.youtube.com/watch?v=cS06eprlj2I

[Ricky Bobby]

Any Hybrids or Electric.?
If so what %.

A real mix bag. Mostly Mitzi Tritan ute's and a couple hybrid cars.

Bit of movement upwards, funds hedging bets that it's going to be in the nzx50?..

[Basil]

Just as an aside, a PSA on the whole hybrid / PHEV and EV thing.
I think we are all cognizant that there is highly likely to be big changes in the incentives if National get in and most should be aware that road user charges will be applied from 1 April 2024 ($76 per 1,000 km's) so the combined effect of that will seriously undermine the attractiveness of these sort of cars taking into account their much higher initial capex outlay.

What's not so widely known is the disappointing fuel economy people are getting from hybrids in the real world.  What they say on the official fuel economy sticker and what you get are two very different things.
Couple of examples to illustrate might help.  In 2022 Wheels magazine did a massive test of (from  memory) over a dozen medium SUV's to determine their car of the year, (Won by The Kia Sportage), Mrs Beagle has one now.  I was fascinated to note that they observed that the fuel economy of the Kia Sportage diesel, (which we have) in the real world as tested was almost exactly the same as the much-hyped Toyota Rav4 hybrid which have sold in huge numbers at a substantial premium to what we paid for a non hybrid diesel.

Another real world example is we bought a new Honda Civic hybrid in 2007 which had an official fuel economy rating of 4.6 L/100km's and we got in the low 7's in the real world.  Ironically her 2 generations later ICE Honda Civic we replaced that vehicle with in 2016 also got in the low 7's (liters per 100 km's)

The other very nasty surprise many people are getting with used hybrids is battery replacement costs.  It's not uncommon for people to not only be very disappointed with the substantial variance in real world fuel consumption v what's claimed, but also to get hit around the head with a bill for (common for Toyota hybrids) $6,000 - $8,000 bill for a replacement battery when it dies at about the 8-10 year mark.

Our user experience with the above-mentioned Civic hybrid was the battery started performing really poorly, (almost dead), at the 9 years mark and the thousands of dollars cost to replace it made it more economic to trade the vehicle in and let it be someone else's problem.  I suspect a lot of the hybrids coming in from overseas have batteries that are towards the end of their life and buyers will find out sooner or later that the pretty minor fuel economy benefits they're getting come with a very nasty sting in their tail.

Heck even my very fancy gold Seiko Contura solar watch that cost me about $1,000 8 years ago has started not keeping time properly and I found out it too is not a true solar watch but has a lithium ion rechargeable battery that is almost dead.  I am sure we have all experienced the gradual deterioration of batteries in our laptops, phones and even electric toothbrushes.  The same thing happens with hybrid cars.  They're not all they are cracked up to be when you start factoring in battery replacement costs every 8-10 years or so.