TRA - Turners Automotive Group

[mike2023]

On very little volume. I see it as short lived with 2CC, the number of hybrids they were holding will be a hammer blow in the NY. Maybe they reset quickly.

[Basil]

$1.5m tailwind from weather events in 2H FY23 so $48m+ in FY24 compared to $44m normalized last year is solid growth, especially in the context of a very weak economy.

[winner (n)]

$1.5m tailwind from weather events in 2H FY23 so $48m+ in FY24 compared to $44m normalized last year is solid growth, especially in the context of a very weak economy.

Shows how resilient Turners are eh

How many years in a row of record profits is that now?

[lorraina]

Yes 2CC caught the Turners wave.
Both companies in the right "price points"  of the used car market,ie under $15,000 for TRA and $12,000 for 2CC.

[Basil]

Shows how resilient Turners are eh

How many years in a row of record profits is that now?

4 years of record profits in a row, through thick and thin, covid and recession, cost of living crisis or not.  11% per annum CAGR in dividends since FY15.  Given the challenges to the economy in recent years, that's absolutely incredible !  Jarden's talking about ~ 40 cents in annual fully imputed dividends by FY30. Many more years of awesome dividend growth to look forward too.  As the add with Tina says "boom, money in the bank".

[winner (n)]

Turners monthly market report out ...January strong month for car sales

Headwinds have turned to tailwinds as Todd said

Looking forward to upgrade to profit early April

[winner (n)]

Martin Berry resigns

Seemed to add real value to Turners with his global experience

Baker should just add Tina to the Board ....... Great appointment as well as adding to diversity in many ways

[Basil]

Tina Rocks.   I heard a rumor that if you own more than 100,000 shares, she'll give you a big hug at the next annual meeting.

[winner (n)]

Used car salesmen still pack of cheats

https://www.rnz.co.nz/news/national/510159/car-yards-accused-of-cashing-in-on-ev-discount-as-scheme-wrapped-up

[Basil]

Not something Turners is involved with.

[Basil]

https://www.youtube.com/watch?v=LwafupoVq6A

[Pierre]

https://www.1news.co.nz/2024/03/12/the-story-behind-tina-from-turners-and-why-the-ad-works/

[winner (n)]

Turners monthly market report says dealer to Public sales in February were more than 3% up on last year ...improvement on the 1.5% reported for January

Add on market share gains things must be going well at Turners

Certainty now that $50m npbt will be achieved in F24

Looking forward to profit upgrade just after Easter

Share price well over 5 bucks in April

[Jay]

A bit of free publicity on TV the other night , talking to Tina from Turners

Hope you're right winner, I presume you mean April 2024 and not 2025 

[Basil]

Yes, quite a bit of talk about Tina on the radio too.  Tina seems to really resonate with Kiwi's as a motoring icon.  People love her.  I heard a rumor recently that if you have 100,000 shares or more at the next annual meeting, she will give you a hug so I topped up to 100,000 shares just in case its true lol  I will get a few more with the dividend reinvestment plan so maybe I get two hugs 😊