TRA - Turners Automotive Group

[777]

I'll be voting for Chloe, I won't be voting either of the chris clowns or the 81 year old racist or the racist pedo protector wingnut. 

So you'll vote for a personality and not for a Government. Sadly many think like you. So you get your Chloe along with all the dimwits with her. What job will the Mexican get? And you will get one of the Chris's any way.

I thought you would have more sense than that.

[Basil]

The last time we had a silly little socialist schoolgirl in charge our national debt doubled. Remember $2 Billion for mental health and only 7 new beds were created ?  Let's all "be kind" just like Cindy said. What could possibly go wrong.... A LOT ! Chole the Clown is a dangerous communist posing as a caring socialist.

Anyway back to Turners. I think its sound long term buying around here but my friend Winner is doing his best on the other channel to try and talk it down to $5 so he can back up the truck.

[Otago K]

T..............

Anyway back to Turners. I think its sound long term buying around here but my friend Winner is doing his best on the other channel to try and talk it down to $5 so he can back up the truck.

Perhaps I'm in agreement with you both here, can't dispute the fundamentals that you are using, nor the TA indications perhaps behind Winner thought if I'm correct to his thinking.
Perhaps I'm contemplating that the ute should be checked over in case I'm wanting to take a stake in the coming months, still hold the 2CC cash payout plus a bit more.

[HAWKDOG]

Haven't looked at winners TA on the other channel - my simple chart is attached.   Its broken down through the 50 day ma support line heading to the 200 day support- I would look to buy around the 200ma on the weekly chart or high 5's - but I am no TA expert.  Will go look at Winner's charting after I post this.
No argument that its a great run company - but the stock price does what the stock price does.

[lorraina]

Although I think TRA is an extremely well run business,I am not recycling any of my 2CC funds into them at present.
Perhaps when the downtrend turns up.
There are a few issues facing the sector,including higher interest rates,mechanical insurance in the spot light, and possibly more Clean Car regulations,together with the huge number of new Chinese electric cars being sold.
At this stage I do not like what I read about Electric cars,expensive insurance,excessive tyre wear and concerns over crash and general service being hindered by lack and delays with parts,together with a lack of electric servicing personal..
MY 2004 Nissan Sylphy went straight though a WOF last month and after its regular service is running well.
Should it break down at Arthurs Pass or any where on The West Coast any local mechanic can fix it.

[Basil]

A few thoughts.
Parts:- Nissan are a well established brand that's been in N.Z. for over 60 years but you may find after their very recent restructure and parts outsourcing, that you can't get parts for a car that old even if you can eventually find a mechanic in a remote place. prepared to come to your car and try and help you. 
Risk of breakdown in a remote place with all the associated drama's with that: Much higher in a very old car.
Risk of injury to occupants in a crash- A LOT higher with a very old car that doesn't have all the modern safety systems
Ease of ingress and egress - Much easier with a modern SUV
Quality of driving experience with a decent modern vehicle: Chalk and Cheese compared to your old banger.

For what its worth, in my opinion their latest Nissan X Trail E-Power hybrid is a very good vehicle...well within your means and if you crash it, which is more likely as you age, you'll be far better protected by its safety systems than you current car..  It also probably uses about half the fuel your vehicle does and has a 10 year warranty.  Parts are readily available because its a current model car.    Live a little mate, you've pot plenty. 

Most of Turners vehicles are under $20K, most Chinese EV's are over $40K...My thinking is you're making too much of the substitution risk.

In terms of interest rates and their NIM, you're right that in a rising interest rate environment the tailwinds they have enjoyed to their NIM could potentially turn into headwinds but from memory Turners repriced their loans more than a dozed times in the last interest rate upcycle and I think they will manage the risk very well.

Mechanical breakdown insurance noise from the looney left is just that...noise.  Future changes to clean car regulations...anyone's guess.

[lorraina]

As an owner of a 2004 Nissan Sylphy I notice other drivers driving them
There are a great number still on the road, in Christchurch and around the South Island.All seem to be in very good order.
Parts are available from the huge number of local car wreakers should Nissan be out of stock.Every reasonable sized town/city has wreaking yards..
The Nissan Bluebird Sylphy engine is used in a number of other Nissan models.Only part I have had to order from Nissan was a drivers side sun visor.

[Basil]

A wealthy client commented many years ago to me.  "If you don't fly business class you can be sure your kids will".  This is what he was getting at.
https://www.kinghornlaw.com/law/if-you-dont-fly-first-class-your-children-will/