TRA - Turners Automotive Group

[BlackPeter]

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.

Had a look at the hybrid (well, last years model) before we bought the diesel.

No complaints about power and consumption ... but it would have taken us many decades to payback the difference in purchase price ...

I was not sure whether we live long enough for that :p ;

[Basil]

$6,700 price difference is not chump change but you do get more power, 169kw's v 137kw's as well as lower fuel consumption.  Based on 13,000 km's per annum, diesel at $2.30, 91 Octane at $2.80, road user charges at $76 per 1000 km's, official fuel consumption rating of 7.3 L per 100 km's for the diesel and 5.4 L 100 km's for the hybrid I calculate the running cost difference at $1,205 cheaper per year for the hybrid and the payback period is 5.5 years which seems lik,e a perfectly reasonable period of time to recover the cost seeing as the hybrid battery has warranty cover for 8 years.

I also expect the hybrid to have a higher resale due to its cleaner environmental credentials (yes that dreaded ESG B.S. but it is what it is), in most people's eyes so you could conceivably get most of the initial capex premium back on resale.

I think the economics are actually really good and then as mentioned there's the greater power as well 
Sorry for the thread diversion folks. 

[Red Baron]

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.

Bazil, Nissan makes zome vell engineered and practical vehicles theez dayz. (and some vell engineered and impractical vun vehicles too like zee Zed car).   But 'e-power', vhich I believe is vhat you refer to eez not a highlight on ze 'engineering achievement' leest vrom Nissan.    May I zuggest you plug into a vivteen meenet spiel by my mate John on thees topic.   Be varned zome of heez talk eez er 'colourful'.  And John zelf depricatingly describes heemzelf as coming from 'Zhitsville' (Australia in Johnspeak) as a kind of 'term of endearment' to heez homeland.    But eef you can forgeeve him zhat, he is a qualified engineer, zo he does know vhat he eez talking about.

https://www.youtube.com/watch?v=EUPT8GXsOBw

RB

P.S.  You are quite correct about ze Nissan X-trail vinning ze 'Wheels' megatest of SUV's to be 'best medium SUV in 2023'.   But eet vas ze conventional ICE version 'Nissan X-trail Ti' vhich deed zhat.

[Basil]

Some good points he made.  Replied in the appropriate lifestyle section, vehicles that interest you, here
https://stocktalk.co.nz/index.php?topic=78.msg17660#msg17660

[Left Field]

Good news for holders......Basil will be happy

https://www.nzx.com/announcements/425976

[winner (n)]

Not really a profit upgrade, more of a confirmation of what has been said before but heck lets not stop Todd doing a rave.

F24 growth a bit less than Basils CAGR of 7.5%

http://nzx-prod-s7fsd7f98s.s3-website-ap-southeast-2.amazonaws.com/attachments/TRA/425976/412324.pdf

[winner (n)]

First half NPBT up 10% but in spite of head winds turning into tail winds and NIM getting better second half NPBT is only going to be about the same as last year. If they had done another 10% on H223 this year then NPBT would have been $50m

Oh well, Todd can still dine out on his $50m target a bit longer and let's his raves keep punters excited

I'm a bit underwhelmed    .suppose another cent on the dividend will keep me happy

[BlackPeter]

First half NPBT up 10% but in spite of head winds turning into tail winds and NIM getting better second half NPBT is only going to be about the same as last year. If they had done another 10% on H223 this year then NPBT would have been $50m

Oh well, Todd can still dine out on his $50m target a bit longer and let's his raves keep punters excited

I'm a bit underwhelmed    .suppose another cent on the dividend will keep me happy

Looks like you are person hard to please ; Just compare your position with that of an SML, CVT, WHS, HBL or FBU shareholder .... and you will realize just how happy we are ;

[Pierre]

Good news for holders......Basil will be happy

https://www.nzx.com/announcements/425976

Yes LF, I'm happy. I'm sure Basil will be ok with the news too, even if Winner is a bit grumpy this morning. Mr Market seems pleased also - opening SP looks like $4.60, up 9 cents.

[Basil]

Video of a couple of shareholders this morning.  https://www.youtube.com/shorts/TsR64xXB8LI

[winner (n)]

Looks like you are person hard to please ; Just compare your position with that of an SML, CVT, WHS, HBL or FBU shareholder .... and you will realize just how happy we are ;

SML, CVT, WHS HBL and FBU never surprise and they always make less (or greater losses lol) than they say but Todd's raves generate huge amounts of expectations ..... and then let's me down.

Maybe I've got to read/listen to Todd in a more subdued way.

Never mind the market likes it today .....that's good eh

[Basil]

Having been through the same Commerce degree as Todd at Auckland Uni I can reliably tell you Winner, they drum the whole doctrine of conservatism into you in a pretty thorough way.  Conservatism almost a lost art on the NZX these days.  Good one or two company CEO's still believe in old fashioned ways of doing things.
Nothing wrong at all with at least $48m especially in the context of a very weak economy. Very happy tail wagging Beagle.

My challenge to all on here is find me another company that's growing dividends at a CAGR of 11% per annum since FY15.  Is there another company on the NZX that's ever achieved that ?

[LoungeLizard]

No complaints here either - nice start to the week with a 24c gain currently.

Like Basil, I like companies that don't over-egg their forecasts and I wouldn't be surprised at all if full Year NP doesn't end up up getting very close to the magic $50m mark. 

[winner (n)]

Having been through the same Commerce degree as Todd at Auckland Uni I can reliably tell you Winner, they drum the whole doctrine of conservatism into you in a pretty thorough way.  Conservatism almost a lost art on the NZX these days.  Good one or two company CEO's still believe in old fashioned ways of doing things.
Nothing wrong at all with at least $48m especially in the context of a very weak economy. Very happy tail wagging Beagle.

My challenge to all on here is find me another company that's growing dividends at a CAGR of 11% per annum since FY15.  Is there another company on the NZX that's ever achieved that ?

Suppose Todd has left room for another upgrade before announcement in May

Might even be something like $49.5m to $50m eh.

He's not being conservative .........he knows that no profit growth in second half hasn't happened and is just winding most punters up and keeping them excited.

Never mind, must learn to curb my enthusiasm .....but I look forward to first week of April for next upgrade

[Left Field]

Interesting to see 2CC on the leader board today..... up 6%....... riding the Turners wave!