Took a look at the TRA Presentation NZX Retail Investor evening document last night.
http://nzx-prod-s7fsd7f98s.s3-websit...232/306840.pdf
As usual looks OK. So if we assume they are a going concern and continue to be, that they continue to sell cars at more or less the same volume and profitability as they currently do, and they continue to pay a dividend of 17c....then surely the share price must rerate a bit higher ?
17c @ 2.30 7.39%
@ 2.75 6.18%
@ 3.00 5.67%
@ 3.40 5.0%
Maybe it might make $2.75 ?
Disc... Hold...more than ideal