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- TRA - Turners Automotive Group [previously TNR - Turners Limited]
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31-08-2018, 09:31 AM
#2771
 Originally Posted by couta1
Hey come on guys, your forgetting to mention the near dollar increase in SP over the next year.PS-I know it sounds optimistic but watch this space(Not too often though)
Yes when it’s 385/400 we’ll be saying ‘always right buying under 3 bucks’
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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31-08-2018, 09:40 AM
#2772
Originally Posted by winner69
Yes when it’s 385/400 we’ll be saying ‘always right buying under 3 bucks’
My only concern with the current share price,is it leaves Turners open for a takeover at $3.50 or under,where I see value at Couta1's $3.85 to $4.00 within the next year or so.
Looking three years out I see no reason why TRA should not trade at over $6.00.ie more than twice the current share price.
The share price will be driven by increasing dividends,eps growth, and PE expansion.
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31-08-2018, 09:46 AM
#2773
https://www.marketscreener.com/TURNE...914/consensus/
I'm feeling a little wee bit of vertigo from this talk of high future prices so perhaps its time to review where the analysts see it going...
Last edited by Beagle; 31-08-2018 at 09:48 AM.
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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31-08-2018, 09:54 AM
#2774
Originally Posted by Beagle
Yeah but which analysts are you going to believe, those two or the Percy/Couta/Winner combo.Lol.
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31-08-2018, 09:57 AM
#2775
Originally Posted by couta1
Yeah but which analysts are you going to believe, those two or the Percy/Couta/Winner combo.Lol.
Backed up by Turners' own guidance.
Last edited by percy; 31-08-2018 at 10:00 AM.
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31-08-2018, 10:05 AM
#2776
Originally Posted by Beagle
Jeez ....those analysts have EPS going nowhere next 2 years
Where’s the eps growth, increased divies that’s going to lead to pe expansion?
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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31-08-2018, 10:10 AM
#2777
Originally Posted by winner69
Jeez ....those analysts have EPS going nowhere next 2 years
Where’s the eps growth, increased divies that’s going to lead to pe expansion?
Read Turners presentations and you will find out.
ps Keep an eye out for Turners' new yard near The Basin Reserve.Should be opening sometime soon.
Last edited by percy; 31-08-2018 at 10:13 AM.
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31-08-2018, 10:11 AM
#2778
Originally Posted by winner69
Jeez ....those analysts have EPS going nowhere next 2 years
Where’s the eps growth, increased divies that’s going to lead to pe expansion?
When the inevitable EPS/DPS etc upgrades occur, can the analysts ensure they don't do it earlier than 1 October?
Please don't get Mr Market excited yet - I want some cheap shares from my bond conversion.
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31-08-2018, 10:37 AM
#2779
Originally Posted by winner69
Jeez ....those analysts have EPS going nowhere next 2 years
Where’s the eps growth, increased divies that’s going to lead to pe expansion?
They are forecasting zero growth this year, 29.9 / 28.6 = 4.5% growth in Fy20 and 32.8 / 29.9 = 9.7% growth in EPS for 2021
6.36% net dividend yield for 2021 grossed up for full imputation credits is 8.83% gross.
The brokers target price of $3.32 a year hence seems fair and reasonable to me. In the meantime people are being rewarded for their patience with a 7.85% gross yield which is pretty good.
Disc: Modest stake & converting modest stake in bonds to shares. Upon conversion my stake will still be a modest part of my listed portfolio of assets.
Last edited by Beagle; 31-08-2018 at 10:46 AM.
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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31-08-2018, 10:40 AM
#2780
Originally Posted by percy
Using containers as offices is a brilliant move.Fantastic signage area,and easily moved,giving TRA the agility to make use of great temporary prime sites.
Take note Spark: true AGILE 
The technical picture for TRA needs to improve quickly. Positive price action required about now.
Attachment 9888
For clarity, nothing I say is advice....
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