TRA - Turners Automotive Group

[Basil]

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..

Headlights on full beam and looking further out, I think it's quite plausible they could do ~ $60m NPBT in 2-3 years' time, giving about 50cps.  Put a fair PE of 14 on it as the proven growth stock it is and yeah, that's $7.  As I see it the risk is selling it too cheaply on index inclusion at about $5 - $5.50, taking the sugar hit of a quick gain but missing out on future years growth.  I'll be sure to be on guard against that.  Sugar hits are no good for me, or so my doctor says lol

[Waltzing]

 HLG still holding 6 and not giving a buy back in chance ... maybe this one wont either..

As rates come down the market will power up again selling now at peek rates might be something one comes to regret...

ARG and GMT may be stocks that can traded but this does not appear to be cyclical.

[seaweed]

Agreed.  HLG's index inclusion was good for 28% juice to the upside.  I think my good mate Seaweed is going to be licking his wounds if he misses out on $5 this summer.  Going to have a $5 Turners celebration party on my boat this summer so my mates can toast their success in style.   You're very welcome to come along and join in the fun mate. 👍

Ok you twisted my arm and had my order in last Monday. But still got a lot of HLG in the green and can't resist the 24c div coming up.

[lorraina]

Todd Hunter will be speaking at 11 am today on
NZX Virtual Investor Event | 11 October 2023

[winner (n)]

Todd Hunter will be speaking at 11 am today on
NZX Virtual Investor Event | 11 October 2023

Don't miss out

https://register.gotowebinar.com/register/9078714122146731865

[Cod]

Short term take on TRA.

You cannot view this attachment.

[winner (n)]

Nice chart Cod

I reckon TRA will reach 5 bucks before 2cheap reaches a buck

[lorraina]

TRA's interim was announced on 22nd November last year, while 2CC's was on the 29th November.
Both strong runners.
Neck and neck,stide for stride,for their target prices.
A photo finish.?

[Basil]

Ok you twisted my arm and had my order in last Monday. But still got a lot of HLG in the green and can't resist the 24c div coming up.

Welcome aboard mate.

Excellent presentation.  Really good to refresh my memory on all the new branches they have in the pipeline.
Great to see loan arrears tracking well below pre Covid 19 level's and the quality of their loan book really improving.
A very well managed business with an exciting future ahead of it. 

[lorraina]

As always Todd Hunter presents well.
Auto retail growing both number of branches and market share.
Timaru new branch looks the goods, and will open shortly.More branches in Christchurch too.
All divisions operating well.Lower interest rates will benefit their Oxford finance.Dividend growth continues.
NZX 50 inclusion looks close.

[winner (n)]

Good he kept pushing the nZX50 inclusion

Possibly has some 'inside info'

[Basil]

Yes...Doubling their market share in the last 5 years has been very impressive.
Rod Duke built an empire off the back of excellent marketing with "Tammy"
Turners following suit with "Tina"

P.S. Winner I have seen the Forbar free float list...and unless barring a new float on the market of such a size that confers automatic index inclusion, it seems certain PEB and Synlait will exit the NZX50 in December to be replaced with GTX and TRA.  I am sure Todd has seen that research as well.

[lorraina]

And to think I thought it was the Liam Lawson affect...lol

[BlackPeter]

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...

True - but don't forget, you are at the same time betting on NZ economy staying third world. I would not be able to name one first world country where a second hand car dealer is able to become the star of the share market.

In first world countries it might be as well the car industry shining, but if it is, its for selling new cars ;

Discl: holding as well and enjoying the ride, but not sure, what it says about the country we live in ;

[LoungeLizard]

True - but don't forget, you are at the same time betting on NZ economy staying third world. I would not be able to name one first world country where a second hand car dealer is able to become the star of the share market.

In first world countries it might be as well the car industry shining, but if it is, its for selling new cars ;

Discl: holding as well and enjoying the ride, but not sure, what it says about the country we live in ;

It says we are a housing market with an economy tacked on the side.