Yes I do, as I have been readjusting the portfolio a bit.
Things still on track …but with a few covid hiccups
Love how they throw in the book value of property is $14m less than valuations …good timing to alleviate any fears punters may have about covid
http://nzx-prod-s7fsd7f98s.s3-websit...857/354368.pdf
Todd and Tina, what a terrific team ! 15% profit growth before Covid. We are well on track to exceeding our target of $45m* PBT in FY24
Very happy holder.
Chair just used the 'I' word or Inflection Point same one used by Sophie of SKT. Must be the buzz word at the moment.
I like that they are building the property portfolio. It really de-risks the business. HLG own their distribution centers (by memory), ive always liked that. When times get tough not having to pay leases is great.
The finance side of the business is humming. There is so much potential growth for Oxford financing other dealership customers. But it does face stiff competition from Marac and UDC.
Insurance performing exceptionally well.
Really it is just the credit management business that is dragging its feet.
Very happy holder. TRA is going to be a nice little compounder in anyone's portfolio. If they carry on operating as is I wont think about selling until they reach 50 sites. Will look to top up on any weakness.
Anyone else notice Q1 lending up 87% in Q1 FY22 ? Lending made more money that selling cars last year. Annuity type income, (interest, insurance) now more than 55% of their income.
Thanks Todd, you and the whole team are doing a great job. Keep up the good work !
Love those advertisements with Tina. She has such a real enthusiastic positivity about her, just like Tammy the Briscoes lady has been so good for Briscoes, so I believe Tina will be really good for Turners.
Roadmap to $5
We’ll be there by Christmas