TRA - Turners Automotive Group

[seaweed]

What happening here. TRA coming off the boil after such a good run. On the bright side will give others a chance to jump in at a lower price and for holders to top up if they want more.

[LoungeLizard]

What happening here. TRA coming off the boil after such a good run. On the bright side will give others a chance to jump in at a lower price and for holders to top up if they want more.

Yeah, strange time to sell, but such low volume- it's literally only a handful of people. A good opportunity to buy a few more if you can get them, as you say.

[Waltzing]

Hopefully hit's 4... but wait someone is waiting there already ...

ANZ Truck o meter ... economy steady as ...

https://www.nzherald.co.nz/business/not-capitulating-anz-truckometer-shows-economy-remains-resilient/MVSH3F5H75CNLIRHOADDAGS4HY/

[Waltzing]

Look out for a bargain ... could come up for sale soon... anyone seen one of these at a TRA car yard..

https://www.stuff.co.nz/business/133175728/190000-car-had-more-than-a-dozen-defects-so-why-wasnt-the-buyer-compensated

or one of these..

https://www.youtube.com/watch?v=Hpy5RftME0Y

https://www.youtube.com/watch?v=M9I7GWllPFY

[Basil]

Hmmmm...I had been toying with the idea of getting an F Pace Jaguar.
Haven't had a single problem with my current vehicle.  Why sell something that's working perfectly eh.

One month and one week until NZX50 inclusion is highly likely to be announced. 

[lorraina]

I agree with you.
Must admit the Nissan is running like a dream.
If you have a good or great car hang onto it.

[Basil]

Just imagine the first year depreciation on a new $190,000 Jaguar.
I'll take a guess at 30%, that's $57,000 depreciation in year 1 !
Pretty much the same with all new high end European cars of a similar value.  Effectively you lose $50,000 on the day you take delivery.

[lorraina]

I do not have those  issues.
I paid $5,500 for the Nissan about 6 years ago.
Guess I would get more for it today.

ps.$190,000 would buy you 240,000 2CC shares.
Dividend would return you $24,000 pa.
Enough to buy a very nice low mileage Nissan. every year.

pps.Money saved on insurance could be recycled into a few more 2cc each year too.
 

[Basil]

You need 5 years of dividend history as a minimum before making a decent assessment as to the dependability and reliability of same.  Turners have a fabulous history of growing dividends over the years.


 

[lorraina]

They did not when I started to invest in them..
I well remember your warnings..

[Basil]

Turners directors and management are very proud indeed of their dividend growth in recent years, mentioned 40% dividend growth in their most recent presentation.  Not sure if there are many / any? other companies that have achieved that in recent years.

Bringing forward their half year announcement date to 22 November (can't remember the last time I ever saw a company bringing forward an announcement date),...maybe an indicator of more good news.  http://nzx-prod-s7fsd7f98s.s3-website-ap-southeast-2.amazonaws.com/attachments/TRA/420650/405975.pdf

[lorraina]

I expect they are run off their feet selling "clean Cars" before the rebate ends at the end of December.
Activity breeds activity.

[Basil]

I think 2CC are going to benefit more from that with their product mix more tilted that way and most stock coming in from overseas and quite a bit of it eligible for the rebate.

Most of Turners stock is bought locally in no small way assisted by the brilliant "Tina" campaign and the rebate doesn't come into the equation for cars previously, already registered here.

[Waltzing]

Sounds like LOR should be running a blog on car buying and has not only made money in this share but also on car purchases...

[winner (n)]

Sounds like LOR should be running a blog on car buying and has not only made money in this share but also on car purchases...

A great talent that LOR