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

[percy]

BlackPeter
The last presentation showed they had plenty of undrawn credit.
The last interim result showed they were very profitable.
Each share brought back is cancelled.
Therefore each cancelled share saves 17 cents being paid to cover its dividend.At present time the gross yield is 11%.
Turners NIM is over 9% which is twice HGH's.
Turners have a number of revenue chanels,property development,vehicle auctions,vehicle sales,finance,insurance,and end of life vehicle logistics.
So we are happy with HGH's equity ratio of just under 14%.
Therefore I would think Turners should operate with an equity ratio somewhere over 20% .

[winner69]

Let’s say Turners make ~$24m this year

Buyback 5% of their own shares is ~$10m and dividends ~$14m

That’s all the profits given back to shareholders .....suppose that’s a good idea

Not much retained for growth ....aren’t Turners touting themselves as a growth company

[percy]

Todd Hunter advised us that Turners new Whangarei site will hold 25% more stock,as well as being better located.Post # 4404 page 294 of this thread.
The last interim result, [or was it their last presentation?] advised us they had 250 new originators.
Both are a part of Turners ongoing growth strategy

PS.Have you kept an eye on Turners new Wellington site.?

[couta1]

Beagle reckons it's going under $2, I reckon he's wrong and that the floor has basically been found within a cent or 2. PS-This stocks got Armageddon basically priced into it already.

[percy]

Beagle reckons it's going under $2, I reckon he's wrong and that the floor has basically been found within a cent or 2. PS-This stocks got Armageddon basically priced into it already.

I am sure one of you will be proved right.!.........lol.

[winner69]

I am sure one of you will be proved right.!.........lol.

I hope so as well .....and the neighbours bowling mates hope so as well

They not too happy with Turners and Oceania but I keep reminding them the divies still better than their term deposits so may as keep holding. They were keen on but missed the bus with ZEL hoping for a Turners turn around. I was a bit horrified when he told me somebody had told him that it’s better to own the bank than put you money in it .....and said they might get into Heartland.

[winner69]

Beagle reckons it's going under $2, I reckon he's wrong and that the floor has basically been found within a cent or 2. PS-This stocks got Armageddon basically priced into it already.

You were right on Couts ....we going to have an up day I reckon.

[percy]

I hope so as well .....and the neighbours bowling mates hope so as well

They not too happy with Turners and Oceania but I keep reminding them the divies still better than their term deposits so may as keep holding. They were keen on but missed the bus with ZEL hoping for a Turners turn around. I was a bit horrified when he told me somebody had told him that it’s better to own the bank than put you money in it .....and said they might get into Heartland.

Might pay for them to do some real research.
Send them down to your local Turners yard to talk to the staff.
Z do not give "Gold Card" holders a discount.Avoid.


ps.I thought they had already brought and sold HGH.?

[Balance]

The tWHO'S TELLING PORKIES ABOUT CAR SALES?

http://www.sharechat.co.nz/article/4...car-sales.html

Interesting October was dreadful month

Reflecting back on the sp action - it looks like this article & the profit downgrade on 27 Nov 2018 started the rot?

Sp dropped 10% that day and has not recovered - looks like Milford took the share buyback opportunity to get out.

TRA has not appeared to date to refute the article?

Well, be warned yet again folks that first downgrade is never the last!

Happy to have stayed out - never buy into a downtrend and into a first downgrade.

[winner69]

Jeez ....walk past Turners yard in Wellington and point your phone at the Turners sign and how much the share price has gone down will pops pop up on your screen

Cool stuff

http://www.sharechat.co.nz/article/f...t-analysishtml

And just for Beagle a new feature - when looking at Turners on the app a little dog pops up and scratches off some fleas.