TRA - Turners Automotive Group

[Hectorplains]

With SNAP ON at a P/E of  12 why are NZ stocks like TRA so cheap?

Sir B has highlighted the P/E on this stock before and could it be that the NZX under the last government has been hammered and the NZ market is a BUY.

Notice that for the last 2 terms nothing was done to expand the local capital markets...

Turners PE is comparable to ASX

Eagers Auto (APE) is on 13.  ASX auto sector average is 9

[Basil]

Interesting comparison, thanks.
APE has had declining earnings for the last 2 years and according to an average of 15 analysts is forecast to have declining earnings in the next 2 years https://www.marketscreener.com/quote/stock/EAGERS-AUTOMOTIVE-LIMITED-6492637/finances/

By comparison TRA have had a CAGR in eps of 7% for the last decade and are forecasting further growth.    I think its fair to say one of these business's has proved more reslient in challanging economic conditions 😉

[winner (n)]

A few years when talking about the "Roadmap to $5" Todd noted that a PE of 14 was "undemanding"

Jeez ...that would give a share price of about $5.70

Add the index inclusion factor and its 6 bucks ...bring it on

[lorraina]

I guess Turners and others are going "gangbusters"selling "clean Cars" before the rebates stop,.

[winner (n)]

Hope Turners have taken out some insurance in case something unforeseen happens to Tina and she can't do any more stuff for them.

[Waltzing]

Last time a ANAT LAND GOVT took over under JK they turned the KIWI  in to a Tiger...

Can they do it again ...

[winner (n)]

I don't think it's likely that the multi-talented Sieni Leo'o Olo's ambitions are to be pigeon-holed into a advertisement character

..........

So Tina doesn't even work in a Turners car yard .....that's funny .......not as authentic as the Bunnings people in the ads

https://www.stuff.co.nz/life-style/300990165/do-the-people-in-the-bunnings-ads-really-work-at-bunnings

[Jay]

So Tina doesn't even work in a Turners car yard .....that's funny .......not as authentic as the Bunnings people in the ads

https://www.stuff.co.nz/life-style/300990165/do-the-people-in-the-bunnings-ads-really-work-at-bunnings

Just like Tammy the Briscoes lady, she does not work for them either! (Briscoes that is not Turners, before anyone tries to get smart )

[Raven]

So Tina doesn't even work in a Turners car yard .....that's funny .......not as authentic as the Bunnings people in the ads

https://www.stuff.co.nz/life-style/300990165/do-the-people-in-the-bunnings-ads-really-work-at-bunnings

I think it might be a bit of a Wesfarmers thing. I work for another WES division and we only use staff (and sometimes customers staff for RL action shots) in all our catalogues, promo videos, etc.

[Waltzing]

Best weather ever for travelling this long past long weekend and wonder how many took their brand new bangers out for a tour of tours...

You cant beat that for a fabulous long holiday weekend...

[lorraina]

https://sendy.tarawera.co.nz/l/J6oLVth2f3f6IXNYvUBQEg/Wih892J5BbWyZZ6xsaIqDONw/Ese892pFASumdcRGoF8RYvTg

[winner (n)]

https://sendy.tarawera.co.nz/l/J6oLVth2f3f6IXNYvUBQEg/Wih892J5BbWyZZ6xsaIqDONw/Ese892pFASumdcRGoF8RYvTg

The CL8 chart looks pretty sad .....really sad

[lorraina]

Agree.
Extremely sad..
They may need Tina to promote the business.?

[Basil]

Was thinking the same lol but they need something tailor made for Australia and our Tina is busy.
Maybe something along these lines  https://www.youtube.com/watch?v=rn0lwGk4u9o
The punchline could be "I'm Carly, come ride with me"....who could resist lol

[winner (n)]

Tina (Turner) and Carly (Simon) would make a good pair