TRA - Turners Automotive Group

[Jay]

I think the $56 for PHEVs is a bit high, most would only do 50-80 Kms on a charge. I would have thought about half of the EV rate max.
However, moving to full RUC for everyone and a subsequent drop in fuel taxes would make sense to me

TRA seems have a resistance at 4.60, if it breaks that then looks like it will be a support

[Waltzing]

perhaps lower bound 4.10 ish...

[lorraina]

Used cars seems to be the right sector to be in at present.
Tough going for Colonial Motor Co.

https://www.nzx.com/announcements/424973

[Basil]

I think the $56 for PHEVs is a bit high, most would only do 50-80 Kms on a charge. I would have thought about half of the EV rate max.
However, moving to full RUC for everyone and a subsequent drop in fuel taxes would make sense to me

TRA seems have a resistance at 4.60, if it breaks that then looks like it will be a support

Guy in the Herald saying his PHEV only does 23km's  Ouch, he is going to wear double charges for a while until all vehicles attract RUC

[BlackPeter]

Used cars seems to be the right sector to be in at present.
Tough going for Colonial Motor Co.

https://www.nzx.com/announcements/424973

Jeez - if the year continues this way, it will bring their earnings back to 2014/2015 numbers.

On the other hand - SP at that time was around $6, so maybe some good buying opportunities coming up ?

[Waltzing]

Hertz being downgraded in the US... EV repair problems related to workshop access...

Hybrids going to be around for along time to come and the EV markets takes a tumble ... im sure everyone noticed the news on the cut back in Ford's EV production..

Next market update for TRA should make for very interesting reading..

last years update ....

https://www.nzx.com/announcements/407909

whats the bets for this up and coming result ?

"Reaffirming guidance from October, 2023, that after a strong HY, FY24 result is expected to be ahead of FY23."

[The Kid]

Good interview with Todd on Sharesies.

'Tina's Turners remains robust in tough times' https://youtu.be/oRQFJovzuHs?si=P8-0nuePR1drPaQm

[Mos]

Good interview with Todd on Sharesies.

'Tina's Turners remains robust in tough times' https://youtu.be/oRQFJovzuHs?si=P8-0nuePR1drPaQm

Thanks for sharing. Todd speaks about Turners approach to business and earnings growth drivers very well -  branch roll out, shifting wholesale sales to retail sales, and improving finance margins with interest rates declining. And we know there is also value being created from smart property moves and a real focus on team engagement. A lot to like.

Disc. Hold
 

[Basil]

Agree 100% Mos.  Lots to like about the senior management team too.  Talent and experience by the truck load.
V happy holder.  Interesting to note the share price is now 5 cents higher that the closing match price on index inclusion in mid-December, (adjusted for the 6 cps fully imputed divvy recently paid).

[LoungeLizard]

SP up 10c today. Todd is very good at boosting investor confidence!

[Basil]

Yes, he looks well rested too and ready for another busy year ahead.  Exceptionally good at very clearly articulating and delivering on strategy.   

[winner (n)]

Both Turners and Comvita keep harping on about $50m targets

Wonder who'll get there first

[Basil]

Big changes in the type of vehicles now being sold.  I wouldn't want to be a local EV distributor with a big lot of EV or PHEV stock at the moment.
https://www.nzherald.co.nz/business/ev-sales-plunge-petrol-and-diesel-vehicles-surge/QLKTML3R35HZXGXW2CJIZVLMB4/
Road user charges are going to kill EV and PHEV sales.  When you consider the much higher up front capital cost of most EV's and PHEV's, their much higher depreciation because of their higher initial cost, add the cost to charge them and then road user charges, the economics are simply not there any more.
Hybrids will do well.  Test driving one of these tomorrow.  Not this one but the same model https://www.trademe.co.nz/a/motors/cars/nissan/x-trail/listing/4193748848 Be interesting to see how it goes.  Apparently drives like an EV with the generator motor powering a small lithium ion battery but no plugging in so no road user charges.  Has a truck load of kit for $60K.    Won Australia mega test of SUV's for best SUV in 2023.
My car 5 years old this month.  Might change or maybe not.  Still quite like it.

P.S. Bought a few more TRA on the close today.

[BlackPeter]

Both Turners and Comvita keep harping on about $50m targets

Wonder who'll get there first

Wanted to say THL ... until I realized that they are harping about twice the number (100m, which would be more than doubling the latest EPS). So. lets say TRA - they only need to increase their earnings by 52% to reach the magic 50.

But Comvita? 50m NPAT, starting from a loss? Not sure ... maybe they have their honey assets insured at sales value and the store burns down ... this might fix it. They should talk with FBU about insurance payouts, I hear they have experience.

[Basil]

BP - Also test driving the new Kia Sportage hybrid tomorrow...very impressed with my wife's Kia Sportage diesel but the new hybrid is rated at only 5.4 liters per 100 km's and is more powerful.