Haha now you will have to figure out who I am. 🤣
Interesting day on the share market today for Turners, as there are virtually no sellers. Result out next week. No surprises in profit and dividend. Is the market finally starting to re-rate this company?
Others may find this useful.
I like to invest in companies I can follow using independent data. So I create my own data from public sources. Turners are in my words "an ecosystem company" ie they have a product - providing private transport with associated services (car sales, finance to buy, insurance and subscription rentals). Ecosystem companies tend to have better than average returns over the long term - if their management is also premium performers. I think we are not well served with understanding the last point, while Todd is excellent, who is his number 2 if he meets a bus the wrong way? who else is driving strategies and performance and how good are they?
I successfully invest in Apple and Mainfreight for the same reasons, but have a better view of management.
Here is my data for your use, I update the chart regularly, just sharing it because I can:
https://www.datawrapper.de/_/GeaXh/
I’m not a Real Guru or a Legend …just plain ol Speedy Az
Turners slide from 2 years ago …Roadmap to $5
They are one year ahead of achieving NPBT of $45m in F24 …will do it this year and F24 will be close to $50m
Currently on a PE of just over 9 ……..so even at $5 in a years time it will be on a PE of about 11 ….hardly demanding when you look at the profit numbers on the chart. After all Turners themselves are doing what they said they would be doing …..and the market is about to wake up from its slumber and do it’s bit.
As Loulou thinks rerating coming ..it sure looks like it is.
Hope Todd updates his chart for next week ….might even hint at a Roadmap to $6
Good question.
As indicated - my confidence in the board is somewhat limited.
Todd though might have a succession plan (all really great leaders do :) - not sure, though whether it would be appropriate to ask him to share that here.
Might be a good question though, for the next AGM :)