TRA - Turners Automotive Group

[Waltzing]

Mr B is not allowed to retire from investing and prehaps there will be a need to hire a hall and bring him in for speaking engagements and presentation along with W...

the B & W show ....

[Auto Rower]

Mr B is not allowed to retire from investing and prehaps there will be a need to hire a hall and bring him in for speaking engagements and presentation along with W...

the B & W show ....

Minstrels

[winner (n)]

TRA share price heading back to where it was 2 years ago

Hope it doesn't go sub 3 bucks

Maybe they need to get Tina out and about screaming BUY TRA SHARES ....but that might put prospective punters off

[BlackPeter]

TRA share price heading back to where it was 2 years ago

Hope it doesn't go sub 3 bucks

Maybe they need to get Tina out and about screaming BUY TRA SHARES ....but that might put prospective punters off

Why? I find them more tempting when they are cheaper ;

[Basil]

Forecasting profit at or slightly above last year and 23 cps fully imputed dividends.  (23/0.72) = 31.94 cps gross.
If it goes down to $3.19 that would be a gross yield of 10% paid quarterly.
Presently trades cum the Q2 dividend of 5 cps fully imputed, so netting that off your purchase price as its paid soon, at $3.24 that's 10% gross yield. 
Like her or not Tina represents multi award winning marketing.  I am sure KW will give me a telling off for holding in a downtrend, but quarterly income of that magnitude is very helpful when it comes to enjoying one's very expensive nautical indulgence. 

[Perky]

It's a good long term business Basil but it's clearly in downtrend.

Not sure where the bottom is but with interest rates going up and 5 to 5.5% for cash in the bank it depends where you sit. I've mitigated inflation as much as I can and it's really only food inflation mainly for me so I'm sitting on my hands watching all these high div stocks getting re rated as interest rates go up and will deploy cash once we see some certainty on peak interest rates.

plenty of time to buy in on this one in my opinion.

Last few years TINA..there is no alternatives
This year LISA ..Looking interesting some alternatives....

[BlackPeter]

Forecasting profit at or slightly above last year and 23 cps fully imputed dividends.  (23/0.72) = 31.94 cps gross.
If it goes down to $3.19 that would be a gross yield of 10% paid quarterly.
Presently trades cum the Q2 dividend of 5 cps fully imputed, so netting that off your purchase price as its paid soon, at $3.24 that's 10% gross yield. 
Like her or not Tina represents multi award winning marketing.  I am sure KW will give me a telling off for holding in a downtrend, but quarterly income of that magnitude is very helpful when it comes to enjoying one's very expensive nautical indulgence. 

Interesting - how do you see the used car market developing in 2023? I would have thought that Mr. Orrs recession might reduce both revenue (less buyers looking for cheaper cars) and margins (tougher competition) ... and these pesky interest rates might well increase the number of debts turning bad.

Not everybody (particularly the typical TRA customer) can save money by just going a bit easier on buying diesel for these fishing trips ...

You optimistic for TRA? Is it really just the Warehouse and OCA who are going to suffer in the coming  recession?

[Basil]

It's a good long term business Basil but it's clearly in downtrend.

Not sure where the bottom is but with interest rates going up and 5 to 5.5% for cash in the bank it depends where you sit. I've mitigated inflation as much as I can and it's really only food inflation mainly for me so I'm sitting on my hands watching all these high div stocks getting re rated as interest rates go up and will deploy cash once we see some certainty on peak interest rates.

plenty of time to buy in on this one in my opinion.

Last few years TINA..there is no alternatives
This year LISA ..Looking interesting some alternatives....

Can't argue with that mate but I am focused on that highlighted part.
Already have ~ 30% portfolio allocation to cash and short-term deposits going into 2023, that's enough.
I'm investing for retirement income on what's sustainable going forward on a "look through" the 2023 recession basis.  No argument it's in a downtrend and could get cheaper and I have plenty of dry power to take advantage of such outstanding opportunities to increase income further in 2023 as they present themselves.

BP, management have a forecast in the market for FY23 and are open, honest and transparent about the headwinds apparent.
I have confidence in TRA's management and their growth strategy and believe they are building an excellent business with brilliant marketing that will stand the test of time and perform in a satisfactory manner in challenging times such that shareholders are well rewarded with a very high level of fully imputed dividend income (paid quarterly), and perform very well indeed in less challenging times such that shareholders will also enjoy share price gains.

[BlackPeter]

Might be as well a classical dividend trap.

Last time (during the COVID hype in March 2020) they bottomed out below $1.20.

Lots of room to drop.

I agree, its a well run company - but I think my OCA $'s are currently still safer than your TRA $'s ;

Anyway - it is just money, isn't it?

[winner (n)]

"..........................
 
Like her or not Tina represents multi award winning marketing.  I am sure KW will give me a telling off for holding in a downtrend, but quarterly income of that magnitude is very helpful when it comes to enjoying one's very expensive nautical indulgence. 

Marketing awards ...... just an indulgence for advertising / marketing agencies to pat themselves on the back and say aren't we great and haven't we served our clients well.

Remember when Synlait won an award ... the Best Growth Strategy in the Deloitte Top 200 awards. They were award winners too and no doubt management enjoyed the champagne at the big night out

Think awards arevwonderful at your peril

A2 and Ryman were other finalists

[Clearasmud]

Forecasting profit at or slightly above last year and 23 cps fully imputed dividends.  (23/0.72) = 31.94 cps gross.
If it goes down to $3.19 that would be a gross yield of 10% paid quarterly.
Presently trades cum the Q2 dividend of 5 cps fully imputed, so netting that off your purchase price as its paid soon, at $3.24 that's 10% gross yield. 
Like her or not Tina represents multi award winning marketing.  I am sure KW will give me a telling off for holding in a downtrend, but quarterly income of that magnitude is very helpful when it comes to enjoying one's very expensive nautical indulgence. 

Fair enough.
What did you buy?

[winner (n)]

Backed a horse TINA AGAIN over Christmas - paid $6 so happy

She raced again today and bolted in - paid less than 2 bucks today

TINA AGAIN going great -- commentator said she's in foal and off to have her baby soon.

Hopefully our TINA is in 'foal' as well and she'll disappear as well .... wishful thinking on my part

[Basil]

Hey mate, do you think there might be a small chance, (even if our lovely Tina is currently pregnant), they screen the same multi award winning advertisements again     

[winner (n)]

Hey mate, do you think there might be a small chance, (even if our lovely Tina is currently pregnant), they screen the same multi award winning advertisements again     

Unfortunately YES .......and they can it often as they can afford to.

Wonder if Aaron has asked the hard question to Todd /Greg "what's the RÓI on this investment in TINA .....and winning awards isn't a tangible return"

[Basil]

They've made it crystal clear they're very happy with their investment in brand building with Tina.
That's great eh mate as it means you can look forward to heaps more of her amazing Radio and T.V. advertisements.  I know you secretly love them