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- TRA - Turners Automotive Group [previously TNR - Turners Limited]
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08-12-2014, 02:39 PM
#1001
Originally Posted by biker
The feeling I get, and alluded to in recent announcements, is that DPC is actively and enthusiastically pursuing new opportunities and I wont be surprised if there are some very positive announcements in H2.
Disc. A holder so I'm biased.
I too expect more very positive announcements.....
Biased...You have been right on the money with DPC,so I don't think you are biased at all.!!!
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08-12-2014, 02:39 PM
#1002
Originally Posted by bull....
they say aquisitions still possible so depending if/when this happens and what it could change things considerably, now they have turners it increases there cashflow considerably
Right on the money too.!!!
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08-12-2014, 04:31 PM
#1003
I see the market cap is now over $200m. They must be getting pretty close to a top 50 stock in NZ and if that did happen would that mean instos would be climbing on board? Or is the top 50 a while off because too much of DPC is closely held? Does anyone know which stock is the number 50 at the moment?
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08-12-2014, 04:52 PM
#1004
needs to trade above 25c for at least 6mths for starters
one step ahead of the herd
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08-12-2014, 04:58 PM
#1005
Originally Posted by bull....
needs to trade above 25c for at least 6mths for starters
cheers Bull and I do note that currently NZO and STU are at about $260m-$280m so its going to be a little way off yet.
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08-12-2014, 07:19 PM
#1006
Banned
Originally Posted by blackcap
I see the market cap is now over $200m. They must be getting pretty close to a top 50 stock in NZ and if that did happen would that mean instos would be climbing on board? Or is the top 50 a while off because too much of DPC is closely held? Does anyone know which stock is the number 50 at the moment?
DPC has a 19.9% shareholder. The following is a list of shares that are (by my guesswork) nearly in or nearly out of the NZX50.
It assumes that DPC 19.9% stake is part of the free float.
DPC would need to make 42c to be in contention (i.e. ahead of Synlait at 264m) and I've been assured on this forum that this 'just ain't going to happen'.
If my assumptions are right, Vista, MPG and Synlait are in, and SKL, NZO and NZX are out.
|
|
ff% |
Curr ff |
|
RBD |
100% |
364 |
IN |
VGL |
100% |
307 |
|
STU |
100% |
293 |
|
PEB |
100% |
290 |
IN |
MPG |
82% |
286 |
OUT |
SKL |
94% |
268 |
IN |
SML |
50% |
264 |
OUT |
NZX |
100% |
256 |
|
ERD |
100% |
234 |
|
HBY |
73% |
222 |
|
IQE |
75% |
222 |
OUT |
NZO |
80% |
215 |
|
DPC |
100% |
208 |
|
THL |
100% |
189 |
|
HLG |
100% |
179 |
|
PGW |
50% |
177 |
Last edited by bunter; 08-12-2014 at 07:34 PM.
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08-12-2014, 08:40 PM
#1007
Originally Posted by black knat
Look it is a ways off the NZX at this stage but give it 6 months. To me the current business, on its own and as it is, is not far off fair value - I think the fair value is .33/.34. on a forward PE of 10/12. However the company is managed by clever people with money on the line. They have indicated, and are executing an aggressive growth by acquisition business model. They are in a market where there are numerous acquisition opportunities. To me it feels like Ebos in the early days. So what do you reckon the business should trade at, PE wise, for the likely growth over the next 5 years. I say a PE of 20 or more is reasonable. Makes a value well over .50c.
Disclosure - I am a top 30 holder in this company.
I agree with you.I think the likely growth demands the higher PE ratio you mentioned.
Being a top 30 holder means you will have all the trimmings this Xmas [and every future Xmas].Well done.!! lol.
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08-12-2014, 09:15 PM
#1008
Originally Posted by black knat
Just one further observation... best thing of all about this company is there are none of the usual cast of dickheads on this thread.
As a novice I am curious, why do analysts ignore this stock?
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08-12-2014, 09:35 PM
#1009
Originally Posted by black knat
Very poor background with the fiance company sector, has spent years rebuilding. Is also too small for most of the analysts.
I agree.
As one with knowledge of its poor background .. Also having scoffed a few posts back ... I re-cast my eyes over it.. and purchased an infinitesimal amount..
Enough to place a little cheer on the table on the 25th if i was so inclined.. with the up coming dividend.
Will be building :-)))
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08-12-2014, 10:24 PM
#1010
Originally Posted by bunter
DPC has a 19.9% shareholder. The following is a list of shares that are (by my guesswork) nearly in or nearly out of the NZX50.
It assumes that DPC 19.9% stake is part of the free float.
DPC would need to make 42c to be in contention (i.e. ahead of Synlait at 264m) and I've been assured on this forum that this 'just ain't going to happen'.
If my assumptions are right, Vista, MPG and Synlait are in, and SKL, NZO and NZX are out.
|
|
ff% |
Curr ff |
|
RBD |
100% |
364 |
IN |
VGL |
100% |
307 |
|
STU |
100% |
293 |
|
PEB |
100% |
290 |
IN |
MPG |
82% |
286 |
OUT |
SKL |
94% |
268 |
IN |
SML |
50% |
264 |
OUT |
NZX |
100% |
256 |
|
ERD |
100% |
234 |
|
HBY |
73% |
222 |
|
IQE |
75% |
222 |
OUT |
NZO |
80% |
215 |
|
DPC |
100% |
208 |
|
THL |
100% |
189 |
|
HLG |
100% |
179 |
|
PGW |
50% |
177 |
Thanks for your work there. I really appreciate that. I called the NZX but they were rather coy about releasing this kind of info as they said they could "sell" it to third parties and it was worth $ to them. But for DPC to get to 42 is not that much of a stretch. THe NZX also said they do their weightings for index in and exclusion on a 6 month weighted average capitalisation to smooth out any dips and rebounds etc.
As to why there is no analysts covering this stock... once they are included in an index, this may change and will provide even more share price appreciation as the market "wakes" up to its potential. Lets see what Byrnes et al can bring this year.
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