TRA - Turners Automotive Group

[Basil]

http://nzx-prod-s7fsd7f98s.s3-website-ap-southeast-2.amazonaws.com/attachments/TRA/419803/404934.pdf

[Waltzing]

so much for sub 400

....... 

[Waltzing]

Come people party in the streets that was a pretty good day...

The Market listening to MR B , surprised Mr P hasnt been on doing a victory lap as this was one of his picks a while back..

Some people really know there local market... and that is not US... but well done to the locals..

[Basil]

You're far too kind mate, I think the market was actually listening to Todd Hunter
What's not in the market fully yet by any means is this is a growth company that should command a commensurate PE in the early-mid teens.  That will come with time.  While we all know on here and the other channel this is a highly likely for NZX50 inclusion in December, it's not official until it's announced on 2 December so that's something else the market as a whole will only wake up to properly after the confirmation and index tracking funds are compelled to buy.
A lot of happy days ahead for shareholders and it's still dirt cheap for a growth company on a forward PE of only 10.5.  I'm really looking forward to the $5 party.

[Waltzing]

2 year above the 10...

by  end of summer 2024 inflation in the US could be down and NZX might be starting to show signs of life...

its in A&E at the moment...

[Waltzing]

High of 4.24... for this year... similar spike to april/may 2021

but rampers and others before this goes silly the DIV will have to increase by a fair bit to get a 6 dollar stock...

and that is not certain ... over priced and over hyped?

is fair value 3.90... with the risk free rate where it is...

[Waltzing]

orders moving up 10 cents...  390 no longer supported...

[winner (n)]

I see that that Barramundi fund has carsales.com has one of it biggest holdings ........now know why Basil is quite keen on BRM

Carsales seem to be performing quite well ....share price chart looks healthy ....price at all time high year

Trades at a PE of 16 ....jeez same multiple for  TRA would be about $6.50

[Basil]

Don't think there's much chance of getting any more under $4. I'd be rapt to get more at $4.10

[LoungeLizard]

Don't think there's much chance of getting any more under $4. I'd be rapt to get more at $4.10

Yep, I think that ship has sailed Basil. Seems like a lot more people are aware of the possible/likely NZX50 inclusion this time around. The HLG experience has motivated buyers to get in even earlier - 70c in the last month.
Seems a cert to get to $5 once the institutions rebalance post NZX50 inclusion. I can't see that not happening now that the SP has rocketed unless, as noted, something comes out of left field, and fast. 

[Basil]

Some good insights shared by Todd on the other channel below.
Disc: I bought a few more shares today.

That is great to hear Norwest...I hope your visit was successful for you and for Turners!

Our Christchurch branch expansion is very much around our vehicle sourcing strategy.
The closer our branches are to customers the more vehicles we are able to buy.
The more vehicles we buy the more we are able to sell.

Our branch network is strategically way more important on the vehicle sourcing side of our business than the selling side in many respects. When people are looking to sell a car they are effectively buying a service off us...and consequently it needs to be convenient. When people are buying a car they will actually travel a long way to get the right car at the right price.

Our Hagley Park location is the last of our old auction configured locations. 28,000m2 site with a big warehouse. We now prefer ~10,000m2 sites, easier to manage, not as overwhelming for customers, we can have more of these located closer to our customers, and 10,000m2 sites are much easier to find and less expensive than the big sites with big warehouses.

The two years will come around quick Black Peter!

Hopefully that makes sense.

I also wanted to offer the sharetrader Turners forum a Q&A with Aaron Saunders and myself. Not sure if that would be of interest? Please let me know if it is and I will schedule something in. We would run it online at around 530pm one evening.  Todd Hunter

[Waltzing]

skyward sarcastic stochastic still going up...

 

[winner (n)]

From the gossip column in BusinessDesk. Seems worth while pumping miei cash into supporting our Liam.



Turners Automotive Group chief executive Todd Hunter points out that "humble" NZ racing driver Liam Lawson doesn't have a daddy to buy him a Formula 1 team.

Instead, he has been lending his star power to Turners when he's in the country, appearing with its own TV star, Tina, on social media.

Lawson, who has been filling in for Aussie driver Daniel Ricciardo, has some loyal NZ backers, including Turners and Giltrap Group.

Hunter says Lawson is an understated winner, and the car company's association with the driver is a "dream come true". If Lawson does get a full-time seat in Formula 1, keeping the sponsorship going could be tricky,

Hunter says. However, he says Lawson and his team (yep, the 21-year-old has a team) are very conscious of repaying that support. "He's had some supporters, and he wants to be able to repay that royalty, which is great.

So hopefully, hopefully, we can keep sponsoring." Hunter says Lawson has fought his way to the top on his own merits, and Turners will be there for the long haul, backing the NZ driver with cold hard cash. "He's incredibly driven, and he's never taken for granted the kind of opportunity that he's got. He's a great person."

[winner (n)]

DRP at $4.09

Who would have believed that a few weeks ago

[Basil]

While I'm on the whole what marketing works and what marketing sponsorship maybe doesn't thematic this morning...Great question to ask Todd at the forthcoming online Q&A 5.30p.m. 27 November, (see other channel for Todd's announcement of this). is this.  With the multi award winning well proven and truly brilliant "Tina" marketing campaign generating such incredible market share gains, what value does Liam bring to the Turners brand ?  How is promotion of what many see as an elitest sport (Formula 1) consistent with Turners value brand ?  Wouldn't this sponsorship money be better directed at what is arguably a massively successful campaign with Tina and getting her out there even more given that customers obviously find her eminently relatable ?

In the meantime, more shares at $4.09, (very nice indeed), for those with the foresight to be subscribed to the dividend reinvestment plan.  http://nzx-prod-s7fsd7f98s.s3-website-ap-southeast-2.amazonaws.com/attachments/TRA/420107/405281.pdf