TRA - Turners Automotive Group

[Onemootpoint]

"China's October vehicles sales rose at a faster pace of 13.8% year-on-year to 2.85 mln units, a record high for an October. But still, that level was fractionally lower than for September, despite the rising levels of discounting in the drive to meet every higher sales targets. Production is rising faster than sales now, so the crunch is on. Electric and hybrid sales were up +33.5% year-on-year to 956,000 units, now representing a third of total sales."

https://www.interest.co.nz/economy/125183/us-eyes-cpi-and-inflation-expectations-apec-meeting-between-biden-and-xi-confirmed

[winner (n)]

This is cool from https://www.tradingview.com/symbols/NZX-TRA/technicals/

You cannot view this attachment.

[Basil]

Timeline of material matters coming up.

1. Half year announcement 22 November.
2. Dow Jones S&P indices NZX50 announcement expected (N.Z. Time) 2 December

I also understand Todd and team are doing an online Q&A session @ 5.30 p.m. on 27 November.  (Awaiting more detail on how to participate)
 

[Waltzing]

OH dear no changce at 4 dollars then? silly question ?

Never have enough?

 

[Basil]

OH dear no changce at 4 dollars then? silly question ?

Never have enough?

It must be Monday.  Two silly questions in one post 

[Waltzing]

TOP DOG this one... TOP Dog...

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

[Basil]

LOL that's kind of catchy in a quirky way.

[Waltzing]

yes who knows what the younger generations will record next ...

[winner (n)]

Jeez if Turners are going as well as that 2 Cheap outfit next weeks results are going to be a real cracker

Maybe Todd might have to mention $55m npt

[Waltzing]

Beside the speedo above whats the performance specs on this car again...

like horse power, Acceleration, drag ..

 ... running costs, driver costs, insurance , road user ect...

cost per mile... R & M ...

what that Miles per gallon again...

and resale value is 55 ducks? ahh bucks...is that US dollars or Kiwis..

[Basil]

Jeez if Turners are going as well as that 2 Cheap outfit next weeks results are going to be a real cracker

Maybe Todd might have to mention $55m npt

Boat's all cleaned, fixed up and prepped up for the Turners $5 boat party.  Looking super good.  Might invite special guests Todd and Tina 👍

[Waltzing]

"Market share growth on track to exceed 10% in the near-term
The highlight of the period has been the sustained market share growth in Auto Retail, which now exceeds 9%, a more than doubling of Turners retail market share over 5 years. Recent gains have come from growing brand awareness, data tools, enhanced sourcing of vehicles, new site openings and damaged and end of life vehicle volume."

What is this end of life stuff... have they added crushers to the back of the sites and how much do they make on the flattened ones?

Now in the AGE of new AI CHIPS one has to consider that there are a lot of Holdens out there and where are they all... do they make for a great model for crushing and what are the margins?
 
Which investment to go over board on is the question....   

[Basil]

Turners do damaged and end of life auctions.  Wreckers often buy them for spare parts and / or recycling.

[Waltzing]

Right.... this is the new market darling NOT RAKON...

Sorry about all the questions we are just trying to get a HANDLE to open this one up and get a look inside the business model... ahh the cars for sale...

Hows that SP handle doing by the way? Looks like a possible break back up ....

https://www.youtube.com/watch?v=J2hI3-KvYZY

Trying to get a HANDLE on the ROCK STAR ECONOMY !!!!

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

Turn up the Volume !!!!

Down Town is the place to be.... Jump in that car and go DOWN TOWN!!!

https://www.youtube.com/watch?v=Wv5nd-3BRr4

its the Silly season!!!

on a not so silly note:

"PROFIT
Net profit before tax of $45.5m, up 6% on
FY22, was a record for the company.
Profit grew 28% in Automotive Retail to
$25.0m, and 9% in Insurance to $12.6m.
Finance Division's profit was down 17% to
$15m due to rapid OCR increases that saw
credit quality, regulatory compliance and
margin management become the priority
during the year. In H2, we added an additional
$0.5m to our provision buffer. Profit for Credit
Management was largely unchanged at $2.9m.
Net profit after tax (NPAT) of $32.6m was up
4% on the same period last year. "

[Waltzing]

Funding for the TRA model of business...

"FUNDING MIX
Turners has a mix of bank loans and
securitisation to fund its business. More than
80% of funding relates to finance receivables
in Oxford Finance, with capacity to support
lending over the next 12 to 24 months.
Inventory Funding has been broadened to
provide flexibility for local purchasing as well
as imports. In our Securitisation warehouse,
the BNZ now hold Class 1 notes only as
Turners refinanced the Class 2 and 3 notes
during the year. We remain very comfortable
with the debt levels and debt capacity in the
business. Corporate funding capacity is more
than sufficient to support current committed
branch expansion plans in Auto."