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

[winner69]

From Mr Hunter's post - We have also recently undertaken some research which tells us that over 60% of car buyers in NZ are looking fro a vehicle less than $10k. 80% of buyers are less than $20k.

Says something about the state of the country more than anything else I reckon

Beagle - you are in a minority .... one of the 20% left......just saying so LOL

[percy]

From Mr Hunter's post - We have also recently undertaken some research which tells us that over 60% of car buyers in NZ are looking fro a vehicle less than $10k. 80% of buyers are less than $20k.

Says something about the state of the country more than anything else I reckon

Beagle - you are in a minority .... one of the 20% left......just saying so LOL

A lot of competition for that 20% too.

[horus1]

I buy a new Honda every 2 years . They do not lose value and dont break down. They are reasonably priced . Love them.

[couta1]

Beagle, tell your mate to check the fluid level and quality of his diff oil before he does anything else.

[Schrodinger]

"a good mate phoned me last evening and said he's got a serious whine in the diff of his Ford Falcon. Its done 280,000 km's but is only 10 years old, what to do ? Does he keep tipping money down a hole on that car, (quoted $1,500 plus GST to fix) knowing there's probably a range of other problems coming shortly ? "

1. Log on to Trademe
2. Select Nissan Sunny/Sentra/2010-2014/80-90k
3. Find one for $3k ish (bonus points if its an old lady etc)
4. Kick tires + Buy

This would need a mind set change from friend as the Sunny is not as "cool" but the bonus is they go forever, dont cost $300 to fill and require minimal mechanical stuff. A bit like investing, would you rather look cool (PEB) or make money (Xero)?

Ford Falcons are rubbish vehicles - thats why Australia stopped making em. NZ was the only country that bought em.

[percy]

[QUOTE=Beagle;713117]The shares were 28 cents about 4 years ago Percy before the 10:1 share consolidation. Around $2.80 about four years ago to $3 now is a very dismal performance against a booming market over the last few years so I would say the market is telling you that Turners have a heck of a lot to prove going forward. If things are going so well why has the SP been in such a downtrend for the last year or so ?

Correct.
In the meantime the core business has been greatly improved.SP down, quality of the business up.
The market has been spooked by The Estate of Hugh Greene selling their large holding,and the poorly advised placement ,SPP.and listing in Australia.
I am expecting a solid result at the end of the month,with a strong outlook.
I am also expecting Turners to be rerated strongly by the market in the coming months.

[Beagle]

"a good mate phoned me last evening and said he's got a serious whine in the diff of his Ford Falcon. Its done 280,000 km's but is only 10 years old, what to do ? Does he keep tipping money down a hole on that car, (quoted $1,500 plus GST to fix) knowing there's probably a range of other problems coming shortly ? "

1. Log on to Trademe
2. Select Nissan Sunny/Sentra/2010-2014/80-90k
3. Find one for $3k ish (bonus points if its an old lady etc)
4. Kick tires + Buy

This would need a mind set change from friend as the Sunny is not as "cool" but the bonus is they go forever, dont cost $300 to fill and require minimal mechanical stuff. A bit like investing, would you rather look cool (PEB) or make money (Xero)?

Ford Falcons are rubbish vehicles - thats why Australia stopped making em. NZ was the only country that bought em.

On the other hand you could make the case quite easily that 280,000 km's on a vehicle with nothing other than regular servicing and the normal tyre and brake replacement and nothing major going wrong is a very good run. I've driven Ford Falcon's for many years and found them by and large quite good. What people now do who want a proper sized large sedan with strong performance at a reasonable price I don't know as even Chrysler have stopped importing their 300 sedan. (New Opel masquerading as a Commodore is just a mid sized vehicle).

Outlook maybe not as good as you hope, we will see Percy. I think the already pretty serious degree of business pessimism is a headwind for Truck sales going forward, (which will also affect Colonial motors of course as they noted in their half year report outlook). If Labour keep performing like a bunch of rank amateur communists masquerading as socialists and greenies we could easily see business pessimism plumb lows not seen since the depth's of the GFC...we live in "interesting" times. What I think is now clear is that the dramatic increases in fuel prices in Auckland in particular because of new Government initiatives will change car buying behavior.

[Snow Leopard]

Attachment 9653

Seems like a reasonable value proposition. Even moderate growth & the regular dividend equals good returns over an investment timeframe.

However my enthusiasm for this company is tempered by the lack of a dividend supplement for overseas residents.

[percy]

Attachment 9653

Seems like a reasonable value proposition. Even moderate growth & the regular dividend equals good returns over an investment timeframe.

However my enthusiasm for this company is tempered by the lack of a dividend supplement for overseas residents.

With TRA being also listed in Australia,it may pay to bring this to TRA's attention.
TRA's ceo Todd Hunter's email address is todd.hunter@turners.co.nz

[Beagle]

https://www.suzuki.co.nz/no-deposit-finance
Illustrating the point I made yesterday. No deposit 5 year finance at only 3.9%. Five year manufactures warranty, five years roadside assist.
N.Z. largest selling small car Suzuki Swift brand new from just $19,995 and only 4.6 L/100 km's fuel consumption.
Part of their website marketing is why buy used ? which I think is a fair question to ask. I think these sort of manufacturer supported deals are a headwind for used car sales.