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

[winner69]

Here we go a breakout glad loading up at 2.45

Yes indeed

The inverse bell-curve pattern is playing out perfectly. Expect 4 bucks some time next year

Always good topping up around 216 odd when many threw in the towel and capitulated

[percy]

Yes indeed

The inverse bell-curve pattern is playing out perfectly. Expect 4 bucks some time next year

Always good topping up around 216 odd when many threw in the towel and capitulated

They certainly made a lot of ugly noise, and made toxic posts here when they capitulated.

[winner69]

They certainly made a lot of ugly noise, and made toxic posts here when they capitulated.

We wil look back when the inverse bell-curve pattern has played out and the share price is over 4 bucks that Turners was a great example of where strategy, fundamentals and TA aligned to double your money.

Not quite halfway there so not too late to join the party

[Beagle]

We wil look back when the inverse bell-curve pattern has played out and the share price is over 4 bucks that Turners was a great example of where strategy, fundamentals and TA aligned to double your money.

Not quite halfway there so not too late to join the party

Given all the ramping people deserve to read a cautionary counter opinion seeing as this has been such an appalling performer over the years...
Let's not pretend this slight recovery is on fundmental's… a reality check for you
eps forecast 2020 24.4 cps, ( based on mid point of 2020 forecast and current number of shares on issue).
eps 2019 26.3 cps
eps 2018 29.3 cps
eps 2017 25.5 cps
eps 2016 25 cps
eps 2015 32 cps

On a fundamental basis its starting to look a little expensive now compared to Colonial Motors which has been a vastly better performer over the long run.
PE of about 11 is normal for Colonial and especially this no growth eps one...anything meaningfully more than that is probably irrational exuberance and writing yourself into a position of losing even more money on this.

I see fair value at slightly less than the current share price.

[percy]

On a fundamental basis its starting to look a little expensive now compared to Colonial Motors which has been a vastly better performer over the long run.

Agree CMO is starting to look a "has been"...............................
Great time to sell, and recycle your funds into TRA...................lol.

[winner69]

There’s a lot more to ‘fundamentals’ per se then financial performance

Strategy, fundamentals and TA all going for Turners at the moment.

[Beagle]

Agree CMO is starting to look a "has been"...............................
Great time to sell, and recycle your funds into TRA...................lol.

CMOvTRA.jpg 3 year competitive chart, speaks for itself. A very long journey ahead for TRA just to get back to the share price it was 3 years ago.

TRAvNZX50.jpg See for yourself how this company which has been "promoted" on an extraordinarily regular basis over the years has performed over the last 3 years v the NZX50

I leave others to judge if the one who's "cried wolf" 101 times might be right this time... Keep in mind the official eps forecast of only 24.4 cps, (at mid point) for FY20 is the company's own official forecast of current trading conditions and second half profit is forecast to be lower than 1H FY20.

Take care this summer to avoid irrational excesses...

[percy]

There’s a lot more to ‘fundamentals’ per se then financial performance

Strategy, fundamentals and TA all going for Turners at the moment.

Agreed.
"Well positioned."

[Snow Leopard]

We wil look back when the inverse bell-curve pattern has played out and the share price is over 4 bucks that Turners was a great example of where strategy, fundamentals and TA aligned to double your money.

Not quite halfway there so not too late to join the party

I would like to point out that in less than a month inverse bell curves will be 'so last year'.

And remember you read it here first.

[golden city]

3 dollar soon looks like