Think I may have been one of several ST posters at the road show.
The CEO and CFO spoke to the published slides.
http://nzx-prod-s7fsd7f98s.s3-websit...216/282084.pdf
Great organic growth possible here and in Australia.
This is a good business with great prospects. If I wasn’t already overloaded I’d buy more.
TRA has only 5% of the used car market. CEO says at least 10% within 5 years.
New bond issue after current one finishes. Will be longer term and won’t be convertible.
Details depend on how much cash they end up with when current bonds mature.
No more cash issues in sight. They have enough cash.
A business with heaps of potential and quarterly dividends.
What’s not to like.