TRA - Turners Automotive Group

[Basil]

https://www.youtube.com/watch?v=XCrNhFEjbD4

Won the most trusted used vehicle brand award for the fifth consecutive year.

[Waltzing]

Heres the problem for the NZX...

https://www.nzherald.co.nz/business/strong-earnings-not-enough-to-stop-nz-sharemarkets-slide-market-close/AYGDJFZAKJH5DFJ5XUQC5MSF6M/

[Mos]

Heres the problem for the NZX...

https://www.nzherald.co.nz/business/strong-earnings-not-enough-to-stop-nz-sharemarkets-slide-market-close/AYGDJFZAKJH5DFJ5XUQC5MSF6M/

Problem or opportunity?

[SuperMario]

Heres the problem for the NZX...

https://www.nzherald.co.nz/business/strong-earnings-not-enough-to-stop-nz-sharemarkets-slide-market-close/AYGDJFZAKJH5DFJ5XUQC5MSF6M/

Blocked by paywall. Able to give a small summary?

[Waltzing]

 Here a non paywalled article ...  and its a better one IMO.

https://www.interest.co.nz/currencies/127874/more-hawkish-commentary-fed-speakers-hasn%E2%80%99t-perturbed-rates-market-us-treasury

Money is still moving OUT of the NZX ...  becuase YIELD is not moving down any time soon....

Other articles are perhaps giving a better picture of whats happening.

 

[BlackPeter]

Heres the problem for the NZX...

https://www.nzherald.co.nz/business/strong-earnings-not-enough-to-stop-nz-sharemarkets-slide-market-close/AYGDJFZAKJH5DFJ5XUQC5MSF6M/

Actually - I think the real problem for the NZX was when years ago foreigners kept buying low yielders like AIA and various others and kept pushing a too high price still higher into bubble land. Paying big dollars for low return sucks.

If these days the prices for high yielding companies like TRA drop - I can live with that. I like to buy bargains, but each for themselves ...

[Waltzing]

Assets class Versus Asset Class....

One assets is perhaps the most valuable in the country unless another airport is created in the Greater Auckland Area... Not sure AIA is a good example ...

Posted AIA on AIA....



 

[Waltzing]

Looks like no one want to sell this stock now and Sir B picked it at 3.90 or so....

unless someone has an forced reason...

[Basil]

Looks like no one want to sell this stock now and Sir B picked it at 3.90 or so....

unless someone has an forced reason...

Very good buying last week at $3.90.  Very happy with that.
Latest from Craigs and Forbar is out.


Looking ahead for the next 3 years Craigs see:
eps 41.4, 45.1, 48.2
dps 26, 28, 30
PE at $4.22 10.2, 9.4, 8.7
Gross Yield 8.6, 9.2, 9.9
Price Target $5.02   Recommendation: Maintain Overweight.

Forsyth Barr see
eps 41.9, 46.8, 49.8
dps 27, 30, 33
PE 10.1, 9.0, 8.5
Gross yield 8.9, 9.9, 10.9
Valuation $4.66
 

[Waltzing]

Everyone will be using AI to run the documents and ask for projections ...  but LLM's are language models that require special plugs for maths at the moment or something...

lets see how these projections go please bookmark and copy those and pop them in your excel models...

[Waltzing]

In the US 24 milliom PRE 2000 used cars!

CNBC... second hand car market ...

US drivers holding on to car for longer... High Inetrest rates forcing consumers to hold cars for longer..

One presenter has 2005 car...

[Waltzing]

Market showing its got weight ... gravity = OCR...

[Waltzing]

Reporting Dates for new car sales and other items in the economy ...

https://www.interest.co.nz/economic-calendar

[Waltzing]

Whats up... not much ...

are we going to see sub 4 again ....

[Waltzing]

Yep yep yep .. nice ... low 4 's maybe in the high 3's soon...  nice nice..