TRA - Turners Automotive Group

[Basil]

Todd Hunter, Aaron Saunders and Greg Hedgepath...are almost a dream team.  All Bachelor of Commerce graduates from the best University, Auckland, (no bias here on my part that's well known in academic circles), all with vast industry experience mixed in with brilliant marketing from Tina which they created in tandem with Grant Baker...gosh there's a lot to like.

Up 28 cps now including the 6-cps dividend it shed and fully deserves to be on that strong trading update.  Like Winner said, it's on its way to $5+

Really pleased I am fully subscribed to the dividend reinvestment plan so I can get some more at a 2% discount to the average price over the next 5 trading days.  Its been my #1 NZX position for some time now but I still feel the metrics are truly compelling and I don't have enough shares.

[BlackPeter]

Cant be right... an OP Shop company business selling old bangers is the market leader and now get all the attention here when on the forums a few years ago it was all retirement property development....

it is truly amazing ...

but technology is the future and energy is the new frontier to power economies... wind powered cars? will the new nuclear powered rocket in the land of the EVIL empire mean nuclear powered cars anytime soon?

but of course nuclear power is banned in NZ...

can we turn this thead is a complete mess...

ok we will need a comprehensive data set for this stock as it become the new market darling ...

but wait there is more... its got a loan book... AAA plus over old bangers!!!

really its is truly AMAZING!!

You are right - a second hand car dealership being the star of the NZX says a lot about the NZ industry.

And your point re retirement villages should provide some food for thoughts.

But still - Turners currently looks really good - and I guess same as with the retirement villages you mentioned - the trick might be to time entry and exit appropriately.

[Waltzing]

train is leaving the station ..  ahhh UTE... leaving the car yaaard...

its a finance company... ok what percentage is cash and what percentage is ...

gosh.... only a beagle would have been out in the fields hunting down a baaaarrrrr GA while the world went wild on AI...

[winner (n)]

Wasn't anything new in that announcement today ...but it's done the trick ..pretty amazing

[winner (n)]

What'll happen when early next year they say F24 npbt is about $50m ......a year earlier than what they said

[Waltzing]

what new its marked price sensitive and  any news will require a farther update and brokers will upgrade forecast and recommendations...

dat what new ... brokers will be updating models if day got them..

and someone is selling ... who DAT BUYING !!!

[Waltzing]

Anyone listing at 500 yet?

being talked up on the other channel..

whos selling ? looks like there a quite a few for sale here ....

[Basil]

Very good buying in the low $4's for anyone not already well positioned in my opinion.

[Waltzing]

the 10000 buyer has just moved down to 3.90 ..  from 400

[Waltzing]

Ok all you RAMPERS!!!!

the lesson is "DONT BUY ON GOOD NEWS!!!"

now 390 looks good buying..

[Basil]

Probably some dog who has plenty already so is content to try and nick some more at $3.90
Out to be had up for stealing if he gets them there.

Turners presenting at tomorrow's virtual investor day event, register here, kicks off at 11.00 a.m.  (Doggy likes those sort of Gentleman's hours as he's usually wider awake and sniffing for food by then).   https://register.gotowebinar.com/register/9078714122146731865

[Waltzing]

someone sold 25 at 405... insanity ... must have bought in the BIG sell off in 2020...

insto's will be starting to sharpen the pencils..

its better than watching the paint dry...

the LOWS in 3 years time could be 5...look at the chart ...

[Basil]

What'll happen when early next year they say F24 npbt is about $50m ......a year earlier than what they said

2 years earlier than the market is currently expecting....(brokers are currently picking ~ $50m before tax for FY26).  Thing is, if they can perform like this with strong economic and cost of finance headwinds how well will they perform in better times with finance book tailwinds?...that's something to ponder...
I think the key here is net profit before tax of at least $25m for this half and that's with an overall very weak vehicle market in the first quarter, (you have the stat's).  Gosh they must be "killing it" with market share gains...

[winner (n)]

Big day December 2nd ......not that many sleeps to go

[Waltzing]

Good VOL today ...  high of 6.50 to 7 in next 2 years?

when those rates start to drop ...

and Farmer JIM , the great Helmsman says there is nothing to worry about .. it will all be good..