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

[winner69]

Wonder if Grant will do his own little buy back... got to use those extras directors fees on something. Probably going towards a new Ferrari though.

Grants getting grumpy because nobody wants to buy all the shares ...exit plan not working. Even the well networked Singapore guy cant seem to find a buyer

Get out of jail card is the only hope but then even at 300 / 320 the entranced ones would say opportunistic and resist to the end

[winner69]

Jeez share price still going down ...might be 230 something before the buyback starts

Baker et al nearly 20% down on their last purchase

[winner69]

Buying TRA shares isn’t investing ...its speculation

Ben Graham wrote about this in his book Security Analysis

[percy]

Ben might not,but I think property,sales,finance, and insurance would have his disciple ,Warren filling his boots.

[Beagle]

Buying TRA shares isn’t investing ...its speculation

Ben Graham wrote about this in his book Security Analysis

??? Its not speculation. Its got real earnings. Investing in companies that might earn some money one day or might not is speculation, like PPH.

[LAC]

If automotive sale are not doing so well as noted then the insurance business is going to slide as well, right? Property developments will be one offs.
Where would greater earnings come from? Their new sites?

I like their great model of clipping the ticket throughout the chain but it all starts with the first step of a customer walking in to purchase a used car. If that is having headwinds short term then there will be issues with the rest of the chain, is that right? Or am I missing something.... Their downgrade of profit was a kick in the gut for me personally. **sigh**

[percy]

If automotive sale are not doing so well as noted then the insurance business is going to slide as well, right? Property developments will be one offs.
Where would greater earnings come from? Their new sites?

I like their great model of clipping the ticket throughout the chain but it all starts with the first step of a customer walking in to purchase a used car. If that is having headwinds short term then there will be issues with the rest of the chain, is that right? Or am I missing something.... Their downgrade of profit was a kick in the gut for me personally. **sigh**

120 new dealers added in the last 6 months should go a long way to support finance and insurance's growth.
$4mil Turners originated finance loans a month going via TRA's Oxford Finance, rather than MTF,will add extra margin to Oxford.
Upskilling Turners sales staff should help them add on finance and insurance.
And yes new sites ,and new developed sites will add to sales, as well as property development margins..


NB.Slow down.From what I understand it was October,and it was only Auckland.I hear November is tracking better.
It was pointed out BuyRight Cars in Hamilton is trading better than expected. Early days for Wellington City and New Plymouth

[minimoke]

Jeez share price still going down ...might be 230 something before the buyback starts

Baker et al nearly 20% down on their last purchase

You could be right. Closed at $2.46 and edging closer to my buy offer - which may have to be revised downwards. Buyers starting to dry up.

[Beagle]

When you are in a hole, stop digging. I dug a bit yesterday and am now deeper in my own hole. I have locked the shovel away and its not coming out again.

[percy]

Out of love already?
No surprises there...lol.