Excellent Result Thanks Todd and the Team it certainly is a very positive Company in very trying times.
Excellent Result Thanks Todd and the Team it certainly is a very positive Company in very trying times.
Here’s an interesting stat; $2m in extra revenue for Finance translated to $2.3m in extra operating profit!
Turners are as much a bank as they are a car sales business, increasing profits on lending while interest rates rise.
page 7
Is this TINA a tangible or intangible asset
Must be valued at few zillion ....increase book value etc etc
Word of the day "High Conviction", though repeated few times feels like music to ears.
And don't forget the unrealised property gains that keep inching higher and higher.
Very impressive! - Congrats Todd!
Incredible result [again],firing on all cylinders.
Wouldn’t it be grand if all investments could be like this
Well, maybe like this and now. I remember times where Dorchester Pacific and later TRA sort of looked like going down the gurgler. There have been times I lost significant coin with both of them.
What I am saying is - make hay while the sun is shining, but don't assume the golden autumn will never end - and: Never fall in love with a stock!
I have completely fallen in love with this stock (:p) and the huge runway of growth ahead of them. There is no reason they cannot have 50+ sites nationwide which is how many Toyota have. The new car market is changing and it wouldn't surprise me if one big franchise (ford, honda, mitsi etc) quit their used departments and give all trade in's to TRA to sell.
Most impressive is how they have transformed Oxford finance from a tier 3 lender to one that targets the tier 1 customers.
Turnaround businesses are the best businesses to invest in. MHJ was another. There is one other stock on the nzx right now that has been punished for no good reason since listing. there is a bag or two in that too
I listened in to the webinar. All good. I am very comfortable with how they're building this business. 7% gross yield is very solid and their multi year track record of growing earnings and dividends is duly noted and in my opinion highly probably to continue in the future as they continue to grow the business.
Happy holder !
Disc: Added some more this morning.