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

[RTM]

mentioned earlier on this thread that there debt was too high , so glad they see this now and are implementing strategy to rectify this.

Yes...good to see its down a bit. In that light I was a little surprised to see this:
"Dividend Policy Change: Increase in pay out ratio to 60% to 70% of NPAT"
Might have been better to keep reducing the debt. But maybe they might need this to keep dividend payments more or less where they are now ?

[RTM]

Stunned silence on the market....one sale at 243, 100 shares !

[bull....]

Yes...good to see its down a bit. In that light I was a little surprised to see this:
"Dividend Policy Change: Increase in pay out ratio to 60% to 70% of NPAT"
Might have been better to keep reducing the debt. But maybe they might need this to keep dividend payments more or less where they are now ?

if npat falls it will maintain the current div by raising it to 60 - 70%. i would see this as the reason

[trader_jackson]

No worries - share price heading to $2.50+ again

[Baa_Baa]

Stunned silence on the market....one sale at 243, 100 shares !

Percy sold out?! 🤔

[percy]

Percy sold out?! ��

Not me,
Perhaps W69 or Beagle.

[minimoke]

See they got 3% of the shares in the Buy Back and will re look at this in the near future

[winner69]

All those slides - does it say that Turners are going to focus on selling cars (with some insurance if the punters want it) and start loving car users with the warm fuzzies with ultimately becoming the ‘Netflix for Cars’

Finance and collection are goners. .....so no confusion becoming just a car company and not a financial services company.

But sometimes I misunderstand things

[winner69]

See they got 3% of the shares in the Buy Back and will re look at this in the near future

...could be interpreted as an admission of failure.

[percy]

All those slides - does it say that Turners are going to focus on selling cars (with some insurance if the punters want it) and start loving car users with the warm fuzzies with ultimately becoming the ‘Netflix for Cars’

Finance and collection are goners. .....so no confusion becoming just a car company and not a financial services company.

But sometimes I misunderstand things

This rather surprised me.
However they see better use of their capital doing this.
i would think there will be widespread interest in Oxford Finance,so whether it is sold outright, or some joint venture will be interesting to see.
CE Credit does look as though it will be sold.
New sites and relocated sites are performing well.More being developed which I see as a very real positive.
Their property development/ dealing is certainly very profitable.
MIM although lower is still an extremely healthy 8.9%.