TRA - Turners Automotive Group

[Waltzing]

no no want it stay down for another 12 months please...

cant have enough of this well run finance company...

[Waltzing]

still dropping.... is this telling us something about the market and how the instos view the current state of the market.

[Basil]

I think there's concern the N.Z economy is quite weak at present.

I note TRA have proven their business model is extremely resilient in recent years despite all sorts of challenges from covid, lockdowns, higher interest rates, recession and cost of living pressures. Through it all TRA have thrived with four years of record profit in a row.

I expect the current FY25 year will be another new record as will FY26, FY27 and so on.

Approx 40% dividend growth in the last 4 years too.
Great long term hold.

[Waltzing]

dummer it went up  a few cents at the end of the day...

[Waltzing]

Could this retest 4.10 ... imagine ... 4 dollars? surely not ....

[Waltzing]

4.22

look at thee Dividend .... gosh ... eye watering ....

forget the rest of the market ...

just stop ... look ....

https://www.youtube.com/watch?v=GYqebca2fyA

[Basil]

Todd warned me off buying an EV due to collapsing resale values but I've just been out for a nice long lunch with a client who bought a used Tesla 75D which he drove me to the restaurant in.  Has twin 193 kw 330nm electric motors...520 horsepower in the old terminology and 660nm of torque from zero revs.  I must have led a sheltered life because it was my first time in a Tesla.  My goodness, it was quite an experience when he floored the throttle.  I suspect we will get a similar sort of takeoff in the share price of TRA when they report yet another record result later this month.

[lorraina]

https://www.bing.com/videos/riverview/relatedvideo?q=ratarossa+tesla&mid=0053C23F4344AD894E530053C23F4344AD894E53&FORM=VIRE

[Basil]

I must admit I think my client was pretty brave buying a 7 year old Model S when he could have got a new Model 3 with a long warranty for very similar money.  That said, 520 horsepower is very cool and he's had no issues in the first 10 months of ownership.

[winner (n)]

TRA share price down 10% last couple of weeks

Spark and thl downgrades today ...hope it's not TRA turn tomorrow

[Basil]

They're reporting later this month.

[Waltzing]

https://www.nzherald.co.nz/nz/best-and-worst-cars-motorists-told-consumer-nz-which-vehicles-they-love-and-hate/F57RDEQAORFIBOBN6DY2CPFZEQ/

going to be very interesting ...  results will requie a lot of attention and actually a stock to put into the models ...

[winner (n)]

Phew ...no bad news from Turners today

I was half expecting Todd to come out and say something like 'at least $48m' is now 'slightly less than $48m'

Disappointed there wasn't an announcement in April that 'at least $48m' wasn't 'about $50m'

But then Rod came out and said his sales are 1% higher than last year so the economy can't be doing too badly ...even though Rod's sales are like Turners and not keeping up with inflation

[Basil]

But then Rod came out and said his sales are 1% higher than last year so the economy can't be doing too badly

Treading water in this sour puss economy is a good result.  Rod is an excellent operator and so is Todd...bit spooky their names rhyme eh 

[Waltzing]

your very fussy winner() ... the OE.. CD  report today in stuff says its on a slow crash to nowhere...

https://www.stuff.co.nz/business/350269190/education-productivity-and-emissions-three-big-problems-nz-needs-fix-according

its the ROD and TOD show!!!

Great opportunity to rebalance over the next 24 months ... before the economy fires up again ...  again...

last market update on the NZX was https://www.nzx.com/announcements/425976