TRA - Turners Automotive Group

[Pierre]

$8.82 ....think that's an all time CLOSE high

Yep the highest closing price, though it did get to $8.89 intraday on March 26.

$9.00 can't be far away once the orange man qualifies for the Nobel Peace Prize.

[Waltzing]

Off topic - but people in little white long jackets are coming for the orange one ... cant be long now...

https://en.wikipedia.org/wiki/Diagnostic_and_Statistical_Manual_of_Mental_Disorders

[winner (n)]

As TRA reaches all time highs time to look at how valuation multiples are going

Market having a love affair with Turners - both PE and P/B expanding

PE now over 18 and P/B is 2.6 (based on FY26 forecasts) - also all time highs

Let's hope the love affair continues

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[winner (n)]

I like how Turners have shareholder returns as a top priority

Recent preso said they benchmark themselves against Mainfreight, Briscoes, Skellerup, Freightways and Eggers Automotive

Ranked shareholder returns - No 1 last few years

Cool

[Basil]

New financial year is upon us and if they make $72m NPBT that's 57 cps after tax on 91m shares. Current year PE of 15.3 seems very reasonable indeed for a company of Turners pedigree consistently growing EPS at a 12% CAGR. Might not be all that long before Tina is charging $10 a hug.

Eagers Automotive currently up 8%+ today trading on 19 times current year earnings.

[Dolcile]

I think the buffet saying of

"it's far better to buy a wonderful company at a fair price than a fair company at a wonderful price"

Applies so well to TRA, HLG and SKL!

[Basil]

9 cent Q3 dividend declared up from 7 cps in Q3 last year.  Very impressive increase !
https://www.nzx.com/announcements/470510

[Dolcile]

Outstanding

[winner (n)]

Q3 dividend brings total so far this year to ~$22m

Another $8m/$9m brings annual total to $31m/$33m

About right I suppose in light of guidance .... but then they know the actual FY26 already seeing it's the 7th of the month

[Basil]

Dividend reinvestment plan a great way to steadily increase your holdings at a 2% discounted price over time with the number of shares growing by compounding quarterly.  You can elect by printing out page 15 of the DRP booklet available here
https://www.turnersautogroup.co.nz/wp-content/uploads/2023/05/Turners-DRP-Offer-2023.pdf, complete your details, scan and emailing to drp@computershare.co.nz, or mailing it to them or completing the online election on Computershare's website.  In the long run nobody has regretted taking shares in lieu of dividend with Turners.  Tina thinks its a great idea   

[Dolcile]

Dividend reinvestment plan a great way to steadily increase your holdings at a 2% discounted price over time with the number of shares growing by compounding quarterly.  You can elect by printing out page 15 of the DRP booklet available here
https://www.turnersautogroup.co.nz/wp-content/uploads/2023/05/Turners-DRP-Offer-2023.pdf, complete your details, scan and emailing to drp@computershare.co.nz, or mailing it to them or completing the online election on Computershare's website.  In the long run nobody has regretted taking shares in lieu of dividend with Turners.  Tina thinks its a great idea   

Totally agree.   Sharesies make it even easier - you just selected the dividend reinvestment option. 

[winner (n)]

50,000 Options cashed in $2 each

Wonder who got them?

Re MFB thread ...any impending outrage?

[Basil]

I hope Tina got some. It would be nice to see her sharing in the sucess.

[Dolcile]

DRP strike price $8.46
Don't mind topping up a few more at a discount.

[Dolcile]

Jeepers $9.21 new ATH