TRA - Turners Automotive Group [previously TNR - Turners Limited]

[percy]

Mission accomplished .. :-)))))

Sod.
And to think I fell for it, hook,line and sinker,you stinker.!!!..lol


ps.Thanks Turners my divie is in my bank a/c.

[LAC]

Haha))))

[JeremyALD]

Sod.
And to think I fell for it, hook,line and sinker,you stinker.!!!..lol


ps.Thanks Turners my divie is in my bank a/c.

I got more than I was expected too. Gotta love fully imputed divies!

[traineeinvestor]

Question for the hive mind: does anyone know why TRA provides imputation credits for NZ domiciled investors but does not pay supplemental dividends to offshore investors?

[Beagle]

How are those Bonds priced at the moment

Still a screaming buy?

Sorry mate I missed your earlier question...Just good value with the SP where it is now. I still hold.

[percy]

Today's presentation was of the usual very high standard we have come to expect from Turners.
Offcourse the fun part was on the last page, page 30.
Current FY 17 NPBT is $24.6 mil.
Now you can take your pick for FY 18 from Deutsche's $29mil [up17.8%] or Credit Suisse's $32mil [up 30%].
With the current PE of 13.92 I will be happy with either,although I think Credit Suisse's will be more likely.
In the meantime I am enjoying the increasing quarterly dividends.

[sb9]

Today's presentation was of the usual very high standard we have come to expect from Turners.
Offcourse the fun part was on the last page, page 30.
Current FY 17 NPBT is $24.6 mil.
Now you can take your pick for FY 18 from Deutsche's $29mil [up17.8%] or Credit Suisse's $32mil [up 30%].
With the current PE of 13.92 I will be happy with either,although I think Credit Suisse's will be more likely.
In the meantime I am enjoying the increasing quarterly dividends.

Nice presentation and ASX listing tomorrow.

FY18 will have full contribution from Buy Right and Auto Sure.

Looking good all in all.

[Snoopy]

The following information is more than most shareholders want to know. But it is background information that feeds into the published table above, and which I intend to use again. The first column is taken from the Segmented Information as presented in the annual report.

Divisional Asset Allocation FY2016
	Assets		Elimination Assets Reallocated		Corporate Assets Reallocated
Auctions & Fleet	$83.09m	15.96%	$57.81m	27.55%	$99.81m
Finance	$218.51m	41.96%	$152.04m	72.45%	$262.49m
Corporate & Other	$219.11m	42.08%	$152.45m
Sub Total	$520.71m
Eliminations	-$158.42m
Total	$362.30m	100.00%	$362.30m	100.00%	$362.30m

Here is my update of background information that feeds into my divisional analysis, which I intend to use again. The first column is taken from the Segmented Information as presented in the annual report.

Divisional Asset Allocation FY2017
	Assets		Elimination Assets Reallocated		Corporate Assets Reallocated
Automotive Retail	$134.16m	18.60%	$103.53m	29.49%	$164.16m
Finance	$320.73m	44.47%	$247.51m	70.51%	$392.47m
Corporate & Other	$266.40m	36.93%	$205.59m
Sub Total	$721.30m
Eliminations	-$164.67m
Total	$556.63m	100.00%	$556.63m	100.00%	$556.63m

Note that the 'finance' header in this instance also incorporates the insurance and debt collection divisions.

SNOOPY

[Snoopy]

Divisional Liability Allocation FY2016
	Liabilities		Elimination Liabilities Reallocated		Corporate Liabilities Reallocated
Auctions & Fleet	$62.63m	22.97%	$53.40m	28.21%	$65.58m
Finance	$159.39m	58.45%	$135.89m	71.79%	$166.91m
Corporate & Other	$50.67m	18.58%	$43.20m
Sub Total	$272.68m
Eliminations	-$40.19m
Total	$232.49m	100.00%	$232.49m	100.00%	$232.49m

Divisional Liability Allocation FY2017
	Liabilities		Elimination Liabilities Reallocated		Corporate Liabilities Reallocated
Automotive Retail	$103.82m	26.89%	$103.49m	33.82%	$130.18m
Finance	$203.17m	52.61%	$202.52m	66.18%	$254.74m
Corporate & Other	$79.17m	20.50%	$78.91m
Sub Total	$386.16m
Eliminations	-$1.24m
Total	$384.92m	100.00%	$384.92m	100.00%	$384.92m

Note that the 'finance' header in this instance also incorporates the insurance and debt collection divisions.

SNOOPY

[percy]

The bolt-on acquisition of Motorplus Nz Ltd ,with 6,000 policies, adds further scale to TRA's insurance division.
Sensible.