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

[Beagle]

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.

[LaserEyeKiwi]

Removing the random intraday temporary spike to $3.55 from Jan 19th, TRA trading at annual highs today by the looks of it.

[winner69]

Good to see it on fire again --- Salt must have held it back after all

Share price hit 390 in 2017 ....so currently not even going somewhere it ain't been before ... that's good

Might see 4 bucks by next divie -- the one after the one we getting this week

[Rawz]

SP should be $3.60 in all fairness.
If they report a $37-$38m profit then $4 SP surely on the cards, based on a modest low teens P/E.
Ill still take $36m profit.

What should the P/E be for a company that has had multiple profit upgrades? Hmmm.
FY22 will see $40m profit minimum with the $4m cost savings?

BTW. Does anyone know what their finance and insurance penetration is for all the cars they sell?

[Beagle]

Added a few more this morning.

[winner69]

SP should be $3.60 in all fairness.
If they report a $37-$38m profit then $4 SP surely on the cards, based on a modest low teens P/E.
Ill still take $36m profit.

What should the P/E be for a company that has had multiple profit upgrades? Hmmm.
FY22 will see $40m profit minimum with the $4m cost savings?

BTW. Does anyone know what their finance and insurance penetration is for all the cars they sell?

Only $3.60

NPBT $36m is $26m after tax or 30 cents a share

Your $3.60 would be a PE of 12

Surely a minimum PE of 15 (and that's being miserable) - PE of 15 is share price of $4.50
[/U][/U]
And then there's that 18 cents divie - ie 25 cents gross.

Even on a 5% yield TRA deserves a share price of $5.00

So lets split the difference and say 'fair value' for TRA at the moment is $4.75 .....with a target of $5.30 in a years time

No wonder beagle is buying up big (few more is code for heaps more)

[mikelee]

if they can source cars cheaper than anyone else then should be a winner as prices seem to have climbed up steady during the pandemic, I won't be buying a car until next year the earliest

[Habits]

Only $3.60

NPBT $36m is $26m after tax or 30 cents a share

Your $3.60 would be a PE of 12

Surely a minimum PE of 15 (and that's being miserable) - PE of 15 is share price of $4.50
[/U][/U]
And then there's that 18 cents divie - ie 25 cents gross.

Even on a 5% yield TRA deserves a share price of $5.00

So lets split the difference and say 'fair value' for TRA at the moment is $4.75 .....with a target of $5.30 in a years time

No wonder beagle is buying up big (few more is code for heaps more)

Good analysis...

Maybe he bought a few thousand or more who knows... someone putting money down is always a good sign

[Habits]

Very weird how my above post duplicated

The site either runs fast (that is normal speed) or super super slow and thats in the space of a few minutes

I hope they can get a handle on the issues

[Rawz]

Only $3.60

NPBT $36m is $26m after tax or 30 cents a share

Your $3.60 would be a PE of 12

Surely a minimum PE of 15 (and that's being miserable) - PE of 15 is share price of $4.50
[/U][/U]
And then there's that 18 cents divie - ie 25 cents gross.

Even on a 5% yield TRA deserves a share price of $5.00

So lets split the difference and say 'fair value' for TRA at the moment is $4.75 .....with a target of $5.30 in a years time

No wonder beagle is buying up big (few more is code for heaps more)

I agree!!!!!

But I thought this would have raced to the $3.60-$4.00 with the last "at least $35m profit" announcement. Plus one of the directors purchased shares on market.
Mr Market takes us to $3.30 where Salt then puts up a wall. Then it sits around $3.15-$3.20... what a joke.

Glad we are out of that zone and seemingly heading to $4.