TRA - Turners Automotive Group

[Left Field]

Mmmmm interesting TA showing a bit of short term weakness or an opportunity???

Respected poster on the other channel Alokdhir  shares his concerns..... take care holders...

From recent price action after pretty good historic results makes me wonder the selling before the results was not misinformed selling but starting of a trend ...market is worried about grassroots economy activity ...so it needs to go lower ...also luke warm forward commentary is not helping .

When TRA ( most well run small retail oriented company ) is unloved ...times are bad ...not ahead ...right now maybe ...TA people will know if 3.50 on cards ?

[LoungeLizard]

Mmmmm interesting TA showing a bit of short term weakness or an opportunity???

Respected poster on the other channel Alokdhir  shares his concerns..... take care holders...

From recent price action after pretty good historic results makes me wonder the selling before the results was not misinformed selling but starting of a trend ...market is worried about grassroots economy activity ...so it needs to go lower ...also luke warm forward commentary is not helping .

When TRA ( most well run small retail oriented company ) is unloved ...times are bad ...not ahead ...right now maybe ...TA people will know if 3.50 on cards ?

There's a lot of good companies in secure industries - telecommunications, energy etc - that are under the pump at the moment as well. Sign of the times, rather than a reflection of the companies themselves. Some - like SPK - are at historically low levels and present good buying opportunities as there is more liquidity and more support. Picking a low for TRA is trickier, probably impossible. Could it really go as low as $3.50 on the back of a good result and solid dividends? Yes, no, maybe. All good answers  

[Left Field]

...... Could it really go as low as $3.50 on the back of a good result and solid dividends? Yes, no, maybe. All good answers  

Agree......I see it as a temporary blip.....a chance for non holders to buy in, or other holders to lower their av holding cost etc. etc.

The basics remain..... a good sound company with SP going on 'special.'

[winner (n)]

TRA site price probably heading back to pre index inclusion prices

[Breezy]

Agree......I see it as a temporary blip.....a chance for non holders to buy in, or other holders to lower their av holding cost etc. etc.

The basics remain..... a good sound company with SP going on 'special.'

Used to be the biggest uninvestable dog around a few years ago according to some on here, funny how the biggest mutts on four legs become loved household pets over time.

[winner (n)]

Todd Ishtar have to include this slide next preso ....... Probably regrets making such predictions in public

Roadmap to $5 share

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[winner (n)]

 TRA share price was about $3.60 when that Roadmap to $5 was put up. A week later share price was over 4 bucks

Turners performed better than indicated on that chart but the expected multiple expansion has not happened....even with excitmemt of NZX50 inclusion

If nothing else the current share price (less than what it was 3 years ago) highlights how bad market sentiment is these days

[lorraina]

What surprises me is 2CC's share price is holding up while TRA's is weakening.
I would have thought TRA would attract more conservative long term shareholders,while 2CC would attract those with a shorter time frame.
Wrong again.?

[Waltzing]

3.90 and but some late buying...  yes well TRA should be a deep  value stock ... 3.50 is the next support level.

[Waltzing]

the official word ...

https://api.nzx.com/public/announcement/433606/attachment/421692/433606-421692.pdf

[Perky]

Thanks for posting....Loved this bit...

We have set ourselves a new target of $65M NPBT for FY28. This will deliver
a 10-year NPBT compound annual growth rate (CAGR) of 9.4%. Our roadmap to achieving this can be viewed on page 17.

Lol...the roadmap never got to the promised $5 share price or 50M npbt..and now we have a bypass to 65M npbt

I like this company, well run and know their stuff...reminds me a bit of MFT... might be the same blue colour confuses me
Just good people getting on with businees without too much bullshit.

I don't own but watching...reckon next report won't be too flash...roadmap to hit some temporary roadworks....hoping to buy some shares sub $3.50 ish.... Whilst their at the stop sign waiting for the road to reopen

That's my roadmap to buying good shares cheap..lol

Just my opinion...

[Left Field]

Item on TVNZ 1 news last night exploring downturn in NZ car sales

New Car registrations down 45%. Used Car sales down 23% ( I didn't catch exact nature of these stat's eg month or Qtr comparisons??.... so don't take these figures as gospel.)

A sales person from Gazley's was interviewed and said discounting now common. Worst he has seen it for years etc.

Holders may wish to check out the facts.

[LoungeLizard]

Item on TVNZ 1 news last night exploring downturn in NZ car sales

New Car registrations down 45%. Used Car sales down 23% ( I didn't catch exact nature of these stat's eg month or Qtr comparisons??.... so don't take these figures as gospel.)

A sales person from Galley's was interviewed and said discounting now common. Worst he has seen it for years etc.

Holders may wish to check out the facts.

Yep, conventional wisdom seems to suggest that SP has further to fall, hence no positive movement despite the dividend to come.

[Waltzing]

yes next 24 months will be slow going for sure but longer term rate cuts maybe coming sooner than expected and later next year the cuts to be deeper than expected  for sure...
 
what if turners does not suffer a 25 percent down turn in sales ...  by 2028 where will NZ be .. this thing is a qtr div and its up there with the top rate you will get from a current TD ... there is only a short window here ..

[Basil]

Gazleys has a lot of new European vehicles, so I am not surprised that the top end of the market is retrenching, especially for new cars and most especially for EV's with new and demonstrator EV prices in freefall after being ludicrously overpriced as distributors took advantage of Govt incentive support.   At the bottom end of the used car market, transport is a necessity and Turners have reduced the average cost of their units to just over $7,000 over the last year deftly shifting their stock to where demand is strongest. Turners have posted one record result after another over the last 4 years despite lock downs, Covid, the cost-of-living crisis, the steepest rate of interest rate increases in more than a decade and the N.Z. economy being in a recession for a protracted period of time.
I except them to be very resilient in FY25 just as they have been in the last 4 financial years despite the economic headwinds. 
FY26 will see them enjoying tailwinds within their finance division which will increase to strong tailwinds in FY27.