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- TRA - Turners Automotive Group [previously TNR - Turners Limited]
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10-03-2021, 01:52 PM
#6611
 Originally Posted by BlackPeter
... BTW - did you notice that their NTA is quite minute? That's what high liabilities and high intangibles do to one's balance sheet. I know, this is how finance companies operate, but still - will their revenues still look that flash when interest rates go up?
I repeat - most of Intangibles a result of acquiring Turners
No Turners no business
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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10-03-2021, 01:57 PM
#6612
Originally Posted by BlackPeter
... BTW - did you notice that their NTA is quite minute? That's what high liabilities and high intangibles do to one's balance sheet. I know, this is how finance companies operate, but still - will their revenues still look that flash when interest rates go up?
When interest rates increase, lenders such as TRA and HGH see their profit increase , as does their NIMs.
Last edited by percy; 10-03-2021 at 02:02 PM.
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10-03-2021, 02:06 PM
#6613
Originally Posted by percy
When interest rates increase, lenders such as TRA and HGH see their profit increase , as does their NIMs.
Very true. Ask the banks about it!
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11-03-2021, 03:12 PM
#6614
Like the way how quickly it goes XD on 17th and paid out on 30th, nice work Todd and team 
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11-03-2021, 03:26 PM
#6615
Originally Posted by sb9
Like the way how quickly it goes XD on 17th and paid out on 30th, nice work Todd and team
Notable that it means they are still paying out 4 dividends this tax year ending March 31st, even after missing one last April (normally its an April dividend)
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11-03-2021, 03:29 PM
#6616
Originally Posted by LaserEyeKiwi
Notable that it means they are still paying out 4 dividends this tax year ending March 31st, even after missing one last April (normally its an April dividend)
Correct, nice turnaround.
Big month for me personally with fair few divvys hitting bank a/c over next couple of weeks.
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19-03-2021, 01:23 PM
#6617
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19-03-2021, 01:38 PM
#6618
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19-03-2021, 01:39 PM
#6619
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19-03-2021, 07:34 PM
#6620
Buying in the lead up to the end of year announcement. Hmmm...me thinks they are serious about it being over $35m, well and truly over $35m by the look of it.
Did a small top up myself last week and another one this week.
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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