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

**Beagle** · 29-05-2018, 10:56 AM

Always good to have a good robust debate. I for one have been happy to have not held while the SP has been in fairly steep decline over the last year !
Agree with BP's assessment about it being slightly undervalued at the current SP. Deserves to be rerated to a PE of at least 10, possibly 11-12 over the year ahead if they continue to deliver as promised. Difficult to find stocks growing EPS and dividends at a forward PE of 9.4.
Acquisition of Autosure was a game changer and the business model is scale able. Right cars hasn't been quite 100% right though, seems they have under-performed a little ?

**Joshuatree** · 29-05-2018, 10:56 AM

Originally Posted by percy

Bingo..!!!!............
Turners delivers.They do what they say they will do.
Well done .
Thank you Todd,directors, and all the hard working staff.
And the outlook looks great too.!
I could not ask for more.!

What a rrrrrRRRRRipper, thanks percy

**couta1** · 29-05-2018, 10:57 AM

That must be Beagle wanting 80000 at $2.99.

**BlackPeter** · 29-05-2018, 11:03 AM

Originally Posted by Beagle

...
Right cars hasn't been quite 100% right though, seems they have under-performed a little ?

I think I heard in the conference call something about inventory written off. Maybe they paid a bit too much for the stock when they purchased the company - the risks of trusting a used car dealer

?

Hopefully just a one off they will be able to learn from ...

**percy** · 29-05-2018, 12:36 PM

Originally Posted by BlackPeter

I think I heard in the conference call something about inventory written off. Maybe they paid a bit too much for the stock when they purchased the company - the risks of trusting a used car dealer

?

Hopefully just a one off they will be able to learn from ...

The legacy issue of "old stock" at Buyright should be sorted with the buy out.
Too early to make judgement on the "bonds" which mature later this year.Depending on what interest rate TRA offer,will govern the roll over/redemption.I would guess they will replace them with a larger issue.Existing bond holders should get first right to any new issue.

**LAC** · 29-05-2018, 12:37 PM

I like the mention of electric vehicles in the report.
I hope Todd is looking at clipping the ticket on Auto mechanics as that bit will really complement the Autosure business. Having the cars be fixed and serviced at "Turners own auto mechanics" will be great and lots of added value when up selling services.

**percy** · 29-05-2018, 02:22 PM

I brought more today for the wife at $2.99.We now have the same amount each.

**couta1** · 29-05-2018, 02:23 PM

Originally Posted by couta1

That must be Beagle wanting 80000 at $2.99.

I see you got your parcel Beagle, good on ya mate. PS-Have found myself back in the fold also, mind you with my target price of $3.83, I have to be aye.