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

[Ggcc]

Using sales from Waka Kotahi - https://nzta.govt.nz/resources/new-z...xisting-fleet/

General Trader Sales look poor since July 2021 when the Auckland lockdown started, NOTE, this includes all traders, and many such as 2Cheapcars (NZA.NZ) stopped selling entirely. Turners stock was reduced severely in Oct, so they may have had a boomer quarter, they are the biggest trader, but in lockdown they don't drive the trader data.

Dunno yet, I'm waiting to see the next results to see if my assumptions hold - I upkeep an interesting data set.

Attachment 13605

Remember that turners are currently the go to for loans for lots of dealers and are not reliant on car sales alone. That is why they are a hold in my books

[Jonette]

Remember that turners are currently the go to for loans for lots of dealers and are not reliant on car sales alone. That is why they are a hold in my books

Totally agree, which is why I have a healthy loan AND Insurance forecast for them

[Grimy]

I hope the Westgate branch are selling some stock. I pass them every so often and don't think I've ever seen a person on the yard. The place looked full of vehicles today.

[nztx]

They've been eerily quiet lately. Hoping for a decent upgrade as part of the announcement.

Tina's been hard out though..

Wonder if she's fronting for the Divie news delivery as well this time ?

[DazRaz]

Upgraded guidance is good news. Plus an expected div increase.

[DeathByWarriors]

And there's our upgrade http://www.nzx.com/announcements/388687

[DeathByWarriors]

I see the government has announced changes to the CCCFA this morning, which should also be good news for Turners

[winner69]

Suppose it’s just Todd being modest (even though he used the word record) but increasing guidance from 40m to 42m to 42m to 43m is a round about way of saying slightly above guidance at 42m plus a bit.

At least everybody is happy now …and things still trucking along nicely.

[Louloubell]

Yep to trucking along nicely. Pressure on the car market but increasing market share.

[Beagle]

Excellent ! Very pleased indeed with that in these uncertain times. Todd and Tina are a top team !
Mid point of previous guidance was $41m and mid point of upgraded guidance is $42.5m so a pretty decent upgrade considering the extraordinary times we live in. Dividend upgrade guidance is also most welcome ! Perhaps a little surprised they didn't declare the dividend today like they did last year but the timing makes no difference to me.
$4 looks very cheap to me.