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- TRA - Turners Automotive Group [previously TNR - Turners Limited]
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14-11-2019, 09:10 AM
#5901
Originally Posted by winner69
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 ...
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"Prediction is very difficult, especially about the future" (Niels Bohr)
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14-11-2019, 09:14 AM
#5902
Very different premiums for British/European cars compared to Japanese.
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14-11-2019, 09:28 AM
#5903
Originally Posted by percy
My thoughts exactly.!!
A very positive announcement.
Good indeed, hopefully Heartland update on the flip side their view of forecast contribution to business.
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14-11-2019, 09:43 AM
#5904
Originally Posted by percy
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 ?
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
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14-11-2019, 10:51 AM
#5905
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. ?
Last edited by percy; 14-11-2019 at 10:53 AM.
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14-11-2019, 10:56 AM
#5906
Originally Posted by Baa_Baa
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.
Last edited by percy; 14-11-2019 at 11:02 AM.
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14-11-2019, 12:13 PM
#5907
Very positive announcement from CL8 today.
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24-11-2019, 08:11 AM
#5908
Originally Posted by 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. ?
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
Last edited by winner69; 24-11-2019 at 08:19 AM.
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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24-11-2019, 08:53 AM
#5909
Originally Posted by winner69
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.
Last edited by percy; 24-11-2019 at 09:08 AM.
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25-11-2019, 12:39 PM
#5910
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....
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