TRA - Turners Automotive Group [previously TNR - Turners Limited]

[winner69]

So many legends and gurus can’t be wrong. There has to be wisdom in the masses. The most favoured picks in the competition always seem to do well.

With so much in the credentials etc I’ve reluctantly joined the party and become a shareholder in Turners.

Sort of reluctant because it’s not that cheap, share price is trending down, some key financial ratios aren’t improving and social conscience / diversity doesn’t seem to be on their agenda. As far as diversity goes its appalling that the only female on the Board and Leadership Team is the the HR person (funny that). But then cars are ‘boys’ things aren’t they.

But you all (even Snoops said it’s pretty good);so I’m on this train to riches and looking for at least 50% return in next year (or maybe two)

At least seeing I have a vested interest in Turners I can do the occasional rave eh

[peat]

and dont forget to keep an eye on the bonds over the next few months for opportunity to accumulate ordinary's with a 5% discount.

it just seems like yesterday we were applying Black Scholes to them... is there optionality still valuable? it doesnt appear to be at this point, but who knows.
but a 5% discount to cost of acquisition could be.

[winner69]

This baby will definitely be rerated over next 12 months

Current eps of 29.3 cents so PE of 10

Years time eps to be at least 33 cents ....on a PE of say 14 will give share price of $4.62

That’s more than 50% gain ...plus divies

You guys collectively were right (can’t give all credit to percy) and convinced me to join the party

Loving it ..getting super excited

Did drop an email to Todd about what the Board and Management Team look like.

[freddagg]

Good for you.
Time for ..........................We are "well positioned." ....lol.
You will receive your first dividend ,which are paid quarterly on 18th July.Think ex date is 2nd July.NZX site shows 5 cents.however this one is 5.5 cents fully imputed.

5.0 cents percy. Now you are $500 poorer, sorry.

[Beagle]

This baby will definitely be rerated over next 12 months

Current eps of 29.3 cents so PE of 10

Years time eps to be at least 33 cents ....on a PE of say 14 will give share price of $4.62

That’s more than 50% gain ...plus divies

You guys collectively were right (can’t give all credit to percy) and convinced me to join the party

Loving it ..getting super excited

Did drop an email to Todd about what the Board and Management Team look like.

Nice ramp mate.
http://www.turnersautogroup.co.nz/si...esentation.pdf
Now that the initial excitement and (arguably the biggest fizzer in years the MSCI change) has died down I suppose we should dissect this and TNR's financials a bit.

[minimoke]

Sort of reluctant because it’s not that cheap, share price is trending down, some key financial ratios aren’t improving and social conscience / diversity doesn’t seem to be on their agenda. As far as diversity goes its appalling that the only female on the Board and Leadership Team is the the HR person (funny that). But then cars are ‘boys’ things aren’t they.

You may have missed this nit "

With a tight labour market and requirements for more resource Turners are

working hard to make sure they are an employer of choice and will continue to

attract the right sort of people. We continue to measure and focus on

improving employee engagement, a commitment to ongoing workplace diversity,

building a culture of developing people and promote from within

[Beagle]

^^^ Applies to most companies.

[minimoke]

Well, heres another who has just bought into TRA. I'm liking their numbers and their offering. Tipping point for me though was Auckland regional fuel tax. I'm picking increase fuel prices and an increased tax n NZ' largest population will force that population to look at their fuel economy. What better than to be eased into a more efficient vehicle with purchase and finance options which can be paid for an increasing minimum wage and public service salaries.

[Beagle]

Well, heres another who has just bought into TRA. I'm liking their numbers and their offering. Tipping point for me though was Auckland regional fuel tax. I'm picking increase fuel prices and an increased tax n NZ' largest population will force that population to look at their fuel economy. What better than to be eased into a more efficient vehicle with purchase and finance options which can be paid for an increasing minimum wage and public service salaries.

Welcome on board. My 6.4 liter V8 Chrysler running 98 Octane is going to be even more painful to fuel up. I'm thinking about a cheap supplementary city car as a general office hack...might even go and have a look at what Turners have to offer Second hand Suzuki swift or similar would do the job just fine for most of my city running.

I've pulled my head in a fair bit with high growth companies and am going back to my core belief's as a value investor. Cheap PE, good dividend yield and growth.
TNR a very good fit with my core value investor belief system.

[percy]

5.0 cents percy. Now you are $500 poorer, sorry.

Apologies.
5 cents it is.