Its pretty good in tough times, Winner
Its not like it priced for huge % gains in earnings
The NZD/JPY cross rate keeps inching higher and higher - at historic highs. Will be a boost to those 2nd hand dealers importing stock ex japan.
Not paywalled now.
there was a trade at 2pm of over 200,000 shares at $4.70. Interesting timing, who?
Maybe retiring director Martin Berry selling part of his 500,000 holding.?
https://www.nzx.com/announcements/427305
Turners Q3 Dividend Declared
Turners Automotive Group (NZX/ASX: TRA) is pleased to announce that directors have declared a Q3 FY24 dividend of 6 cents per share (fully imputed) to be paid on 27 March 2024. The record date is 12 March 2024.
Oddly 4700x0.08=37.6 or exactly 8% at 4x6 cents plus supp and imput. Possibility of better than that in Divis too. 8% plus has been my criteria for divs for a while now.
Turners monthly market report says dealer to Public sales in February were more than 3% up on last year ...improvement on the 1.5% reported for January
Add on market share gains things must be going well at Turners
Certainty now that $50m npbt will be achieved in F24
Looking forward to profit upgrade just after Easter
Share price well over 5 bucks in April