TRA - Turners Automotive Group

[Pierre]

Are you excited yet?

Not particularly excited here. TRA a bit slower off the starting grid than anticipated today - especially when compared with GTK.

[Waltzing]

YUP GTK is a nice mover for sure...still its a car sales yard .... cant be to excited ...

maybe they need a new star to promote it...

maybe TINA can do some laps ....  burns outs... drifting ,,,,

[LoungeLizard]

Yep, seems to have lost a gear. Might be more of a slow burner this one, since the SP had already moved considerably in the last few months. I still think we'll get to $5.50 at some point as TRA'S metrics support that sort of price point.

[Waltzing]

TRA Chart ...  it not too BAD and it pay a BIG DIV!!! 

[LoungeLizard]

Yeah, maybe TRA looks like more of a slow build rather than an index inclusion bubble and burst. Happy to keep holding, keep banking those quarterly divvies and watch the SP continue to grow over time.

[Basil]

YUP GTK is a nice mover for sure...still its a car sales yard .... cant be to excited ...

maybe they need a new star to promote it...

maybe TINA can do some laps ....  burns outs... drifting ,,,,

Todd mentioned the other day she's been doing some work with Liam down at Hampton Downs so you never know, you might get your wish!

I'm happy to keep the DRP plan going giving me more shares and doing my bit to help ensure TRA have plenty of capital to continue expanding their branch network.

[winner (n)]

Seems low volume today but is above daily average so can't be too bad

Need Muse to keep us up to date as too how many need to be bought by fundies

[LoungeLizard]

There's a lot more sellers at current levels than I would have thought, and maybe that's what's keeping the price lower than expected. I suppose everyone has their exit point, but it seems to strange to sell up in  low 4.80's. I would have thought $5 would have been the absolute minimum, but each to their own.

It's early days though and it is estimated that over 2-2.5m shares will have to be bought by index funds. 375k bought so far today. but it might be harder to find sellers at these levels in the coming days?

[Waltzing]

"Todd mentioned the other day she's been doing some work with Liam down at Hampton Downs "

ok the star is not just a TV  photo shoot Barbie!!!

and TRA pays a DIV....

well managed balance sheet....

records of increasing profits....

Battle hardened company...

some other hot stocks dont pay a DIV as they are Growth stocks with a record of losses... and sometimes a profit...

[winner (n)]

There's a lot more sellers at current levels than I would have thought, and maybe that's what's keeping the price lower than expected. I suppose everyone has their exit point, but it seems to strange to sell up in  low 4.80's. I would have thought $5 would have been the absolute minimum, but each to their own.

It's early days though and it is estimated that over $2-2.5m shares will have to be bought by index funds. 375k bought so far today. but it might be harder to find sellers at these levels in the coming days?

2.2 million shares ...not $ ...even though that was a typo eh

[Basil]

There's a lot more sellers at current levels than I would have thought, and maybe that's what's keeping the price lower than expected. I suppose everyone has their exit point, but it seems to strange to sell up in  low 4.80's. I would have thought $5 would have been the absolute minimum, but each to their own.

It's early days though and it is estimated that over $2-2.5m shares will have to be bought by index funds. 375k bought so far today. but it might be harder to find sellers at these levels in the coming days?

$4.80 is almost exactly 12 times analyst consensus eps for FY24.  Sellers at that level are also foregoing next month's 6 cps dividend. 
I am happy to hold the very fulsome position I have at that price as there's a chronic shortage of well managed growth companies on the NZX trading on that compelling metric.

[lorraina]

I saw one trade went through 200,000 at $4.80.
Could not help but wonder if someone was buying themselves another Ferrari.?....lol

[Basil]

I wondered the same lol. T+2 settlement and this is the dearest one on Trade Me.  Lets see if it's still for sale at the end of the week lol
https://www.trademe.co.nz/a/motors/cars/ferrari/sf90-stradale/listing/4361085963

[Pierre]

Very little volume moving so far today and only negative SP action.
Surely, not all the required shares were hoovered up prior to the Top 50 announcement?

[winner (n)]

Very little volume moving so far today and only negative SP action.
Surely, not all the required shares were hoovered up prior to the Top 50 announcement?

Games being played ...no rush