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

[BlackPeter]

Best thing that’s ever happened since sliced bread

Turners and Heartland working together


http://nzx-prod-s7fsd7f98s.s3-websit...258/311811.pdf

The partnership increases Autosure’s distribution network by ~20% and is forecast to generate $2m of
additional revenue per annum for Autosure.

$2m additional revenue pa for AutoSure. Not clear what Heartlands share of that would be and what the expected margin (if any) is.

Hope the agreement does not cover European and particularly British cars ... easy to break and dear to fix.

Anyway - not the world, but I guess you need to start somewhere ...

[percy]

Very different premiums for British/European cars compared to Japanese.

[Baa_Baa]

My thoughts exactly.!!
A very positive announcement.

Good indeed, hopefully Heartland update on the flip side their view of forecast contribution to business.

[Beagle]

Very different premiums for British/European cars compared to Japanese.

Very different labour rates and especially spare parts prices too !

Am I the only one who has noticed that despite TRA issuing profit forecasts in previous years they haven't for FY20 ?

[percy]

Turners' interim result last year was announced on the 27th November.
So I expect this year's will be within a couple weeks .
Perhaps it will include full year's guidance. ?

[percy]

Good indeed, hopefully Heartland update on the flip side their view of forecast contribution to business.

Doubt it.
Bigish deal for Turners. Adds credibility to Autosure,as well as more originators.
Small beer for HGH.Small ticket for Marac to add on /clip to their main auto finance loans.

[percy]

Very positive announcement from CL8 today.

[winner69]

Turners' interim result last year was announced on the 27th November.
So I expect this year's will be within a couple weeks .
Perhaps it will include full year's guidance. ?

A coupe of more sleeps

Todd just can’t wait to tell us what gangbusters really means

NPBT last year $16.8m ... this year how much more?

Hope Todd learnt his lesson from last year and doesn’t ‘hint’ at a slowdown....share price still not recovered from that fateful day

[percy]

A coupe of more sleeps

Todd just can’t wait to tell us what gangbusters really means

NPBT last year $16.8m ... this year how much more?

Hope Todd learnt his lesson from last year and doesn’t ‘hint’ at a slowdown....share price still not recovered from that fateful day

Talking to Heartland Bank's CEO Chris Flood,at HGH's agm,their Marac had a bit of a slow down a couple of months ago,however they are now trading very well.
As Marac's market is at the "higher" end , I doubt Turners have lost any of their momentum.
And yes that momentum is building with:
Archers Road,Northshore should be trading really well,[Big branch in the very large Northshore market]
Marac originators now offering Autosure not only adds revenue to Autosure buts adds to Autosure's product reputation .
CL8 investment is well ahead,and Carly launch must be only days away.
Perhaps with the "no sale" of Oxford Finance, Turners could weed out more poor quality originators,which would help to further improve the quality of their loan book? "Quality rather than quantity.
Going by the number of tow trucks I see going in and out of Turners end of life vehicle yard, people continue crashing their cars.So that division should be trading well too.
The end of the MTF non recourse loan book is still a year to 18 months away.so those impairments will still drag on Turners results in the meantime.

[LAC]

Slow and steady with this one. If they deliver on what they said at the AGM with regard to the new sites going "gangbusters" it will be a good outcome for holders. If there's no growth then this stock is going to get punished....