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

[percy]

I am expecting TRA's 2019 eps forecast to be revised upwards before the bonds convert,which together with TRA getting more runs on the board,will see their PE expand.
The product mix is being more focussed on retail, rather than wholesale.This will give lead to greater Cross-selling oportunities.The systems and overheads are there already,so it will be easier to add to the bottom line.The finance and insurance profits only start when you sell a vehicle and are ongoing.This year,next year and so on.A nice ongoing earner.
Keep in mind everything CMO can't do,TRA can.!
Todd Hunter clearly stated they were developing their own sites,which would suit their needs,and they could either retain ownership,or sell them and lease back.This way the development margin would be theirs.I remember WHS and SCY did this,Good earners,but no analysts has picked up on that potential,as far as I know.

[Beagle]

Thanks Percy I appreciate and respect your point of view. Be interesting to see how it plays out.

[sb9]

Wonder when we'll be notified of the allocation of SPP offer....

[blackcap]

Wonder when we'll be notified of the allocation of SPP offer....

Probably tomorrow.. allocation of new shares is on 11 October.

And soon thereafter probably an announcement of a quarterly dividend which I think they have delayed (last year it was in Sept) because of the SPP.

[sb9]

Probably tomorrow.. allocation of new shares is on 11 October.

And soon thereafter probably an announcement of a quarterly dividend which I think they have delayed (last year it was in Sept) because of the SPP.

Cool, thanks for the info.

[JeremyALD]

The chart for this is looking very bad. Not even much of a discount anymore in the SPP

[Beagle]

Above posted 09/09/2014
Always good to know the nose can still "smell the money."
DPC are forecasting a profit before tax of approx. $23mil for year ending 31/3/2016 while the balance sheet at 31/3/2015 should show shareholders' funds of approx. $120mil and total assets of $265mil.

Posted by Percy when shares were 25 cents. Shares have since consolidated 10:1. So in 3 years the shares have gone from $2.50 to $3.18 = 27% gain plus dividends.

[JeremyALD]

Posted by Percy when shares were 25 cents. Shares have since consolidated 10:1. So in 3 years the shares have gone from $2.50 to $3.18 = 27% gain plus dividends.

Not too bad I guess, but behind NZX50?

[Beagle]

NZX50 up 52% but is a gross index and includes divvies, maybe not all that much in it ?

[percy]

Posted by Percy when shares were 25 cents. Shares have since consolidated 10:1. So in 3 years the shares have gone from $2.50 to $3.18 = 27% gain plus dividends.

I was well not nearly as "well positioned" then, as I am now.!!


Each time TRA have added more runs to the board,so I have added more TRA shares to our portfolios.!
It really works.!