TRA - Turners Automotive Group

[Basil]

https://www.tradingview.com/symbols/NZX-TRA/technicals/

Strong BUY.

[Waltzing]

TRA - a Finance and Insurance company...

"INSURANCE
■ Helping Kiwis with motor
vehicle, loan protection
and life insurance solutions,
distributed through more
than 700 licensed car
dealers, finance companies
& brokers, and life
insurance advisers as well
as online
■ 5,200+ policies sold every
month; 180,000+ active
policies
■ $39.7m in new policies sold
in FY23
■ Average 1,275 claims paid
out monthly; $21.2m in
claims paid out in FY23"

[Waltzing]

Dog insurance ? Vet bills covered in those policies?

Just wondering.......

Looks like they got you Covered ....

[Basil]

It's all the leading brand "Auto sure" but maybe pet insurance is something Turners could branch out into?  They did say recently they are looking at how else they can leverage Turners brand power that's built so strongly in recent years with their brilliant multi award winning Tina marketing campaign.

[Waltzing]

Tina will need a puppy following along behind? 

What breed do you think she would like?

"A Girl and her Dog "

https://www.youtube.com/watch?v=6zV9mJITaYQ

[Basil]

The new Timaru branch opened this week on Wednesday.  I love how they are leveraging Tina's star power with their sign.
https://www.autocar.co.nz/turners-cars-opens-new-branch-in-timaru/

[lorraina]

Looks good.I expect it will be a winner.

[Basil]

Agreed.  Love the other signage too.  Consistently voted N.Z's most trusted used vehicle dealership.
Turners, Helping Kiwi's buy and sell for over 50 years.
Thier corporate colour is also my favorite colour.  All the C Suite got their commerce degree from the same University as me, Auckland.  Its almost like its pre destined that I have a large shareholding lol

[lorraina]

Timaru has a strong motor racing following as they have a good track at Levels.
I expect they too are big Liam Lawson followers.

[winner (n)]

I hope Todd has a contingency plan if something goes wrong with Tina ...esp if Tina ended up as a persona non grata

[Red Baron]

I hope Todd has a contingency plan if something goes wrong with Tina ...esp if Tina ended up as a persona non grata

Zis eez vhere AI comes in.  If Tina, god vorbid, vere to zuffer a vrong turn, an artifical intelligence version of Tina could be created.  Just like vhat happened vith Peter Cushing, vhen he reprised his role in Ztar Vars 'Rogue One'.

Details here:
https://www.vulture.com/2016/12/rogue-one-peter-cushing-digital-likeness.html

Even death eez not ze career limiting move it vonce vas.

RB



 

[Waltzing]

Are we there yet? how many sleeps before the big news?

[Basil]

Forsyth Barr today put out their index insights research today forecasting what many are anticipating is about to happen.
GTK and TRA to be added to the NZX50 index in early December and SML and PEB to exit.

I've been thinking a bit more about the Tina personality factor and the power of personality in driving growth. 
Its all about warmth, charm and whether people relate to the presenter.  A bit of humor also goes a long way in my opinion.
Interesting article about the Chrisco lady that's food for thought and gives some insight.  https://www.stuff.co.nz/life-style/christmas/301005564/whatever-happened-to-the-chrisco-lady

My thoughts, there's a heck of a lot to the power of a really likeable personality presented in a very charming way that's quite persuasive when it comes to influencing consumer behavior.  Not all of this persuasion happens at a conscious level, it's also at a subliminal level.  I really don't think on a forward PE of only 10.6 (my estimate subject to revision on Wednesday when they report their half year result), the market is recognizing the future potential of how the brilliant Tina campaign will play out in the years ahead.

The greatest apparent risk that's not lost on me, is taking too much of the sugar fix of selling too many in the index inclusion and living to regret it in the years ahead.  There's no doubt in my mind that sooner or later Todd will get his $5.  To be frank, it's not even a question in my mind, the only question is when, not if.
~8% gross yield is pretty good for a growth company so you're being paid handsomely to wait and enjoy future years growth.

[Mos]

I agree Basil. I would not sell any below $5, as still likely to be PE of 12.2 at that price which seems good value given prospects.

[Basil]

Forsyth Barr predicting 2.2 million shares will be required by index tracking funds on index inclusion.
They calculate that's 92 days of normal trading volume.
All that buying compressed into the ten day index inclusion process that runs from 4 -15 December.  Hmmm

I think interest rates have peaked and we might start to see them coming down in the latter part of 2024.  https://tmmonline.nz/article/976522518/ocr-cuts-and-when-they-will-start?utm_source=GR&utm_medium=email&utm_campaign=When+OCR+cuts+will+start+
We should start to see funding tailwinds in Turners finance book beginning in 2H next year and building momentum from there. 
Looking forward to the first half print tomorrow.

Hi there everyone wanted to schedule in the Q&A with Aaron Saunders and myself for this Friday (24/4) at 5pm. Link below for registration.
You can ask questions on Friday either through the audio function, or the Q&A function or you can email me any questions to todd.hunter@turners.co.nz
You are invited to a Zoom webinar.
When: Nov 24, 2023 17:00 Auckland, Wellington
Topic: Turners Q&A for Sharetrader Community
Register in advance for this webinar:
https://turners.zoom.us/webinar/regi...R0SqI304ByfFRQ
After registering, you will receive a confirmation email containing information about joining the webinar.

Todd Hunter - other channel.   I am sure they won't mind investors from this community joining in.