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- TRA - Turners Automotive Group [previously TNR - Turners Limited]
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24-08-2022, 09:08 PM
#7541
Originally Posted by peat
Well, shareholders of TRA arent getting diluted as bad as HGH but they still are getting diluted.
There would appear to be a very generous discount to staff shareholders as well as an interest free loan. All good, I am all for staff participation , in fact I managed the Air NZ staff share scheme way way back. I dont think their discounted price was as big a % as TRA's though.
At least it’s the employees getting a good deal and not the instos over at HGH.
I wonder if TRA might see some funds flow in from retail investors selling down some HGH? TRA yield is excellent and I reckon it’s divvy is safer than HGH. Execution risk for TRA plan is low, HGH Aussie plans… risky!!
TRA, it’s a buy!
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24-08-2022, 09:19 PM
#7542
Originally Posted by Rawz
At least it’s the employees getting a good deal and not the instos over at HGH.
I wonder if TRA might see some funds flow in from retail investors selling down some HGH? TRA yield is excellent and I reckon it’s divvy is safer than HGH. Execution risk for TRA plan is low, HGH Aussie plans… risky!!
TRA, it’s a buy!
Wait till Turners set up in OZ ! Then what ?
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24-08-2022, 10:04 PM
#7543
Originally Posted by RTM
Wait till Turners set up in OZ ! Then what ?
pretty sure they've discounted that as a possibility in the short - medium term.
For clarity, nothing I say is advice....
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24-08-2022, 11:14 PM
#7544
Originally Posted by peat
pretty sure they've discounted that as a possibility in the short - medium term.
Pity really, there are plenty of cowboys there.
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25-08-2022, 07:21 PM
#7545
Member
Originally Posted by peat
Well, shareholders of TRA arent getting diluted as bad as HGH but they still are getting diluted.
There would appear to be a very generous discount to staff shareholders as well as an interest free loan. All good, I am all for staff participation , in fact I managed the Air NZ staff share scheme way way back. I dont think their discounted price was as big a % as TRA's though.
We get a 5% discount where I work. Periodically we're told info has been provided to IRD as the difference between what I pay and the actual prices is seen as taxable.
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16-09-2022, 01:21 PM
#7546
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16-09-2022, 01:22 PM
#7547
Member
Yep awesome to see! Nice work Todd n co!
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16-09-2022, 03:01 PM
#7548
Junior Member
Yes well done Todd & team.
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03-10-2022, 04:41 PM
#7549
Turners finished the Sept quarter with a sharp reduction in inventory while the rest of the market inventory stayed pretty constant. It looks like they may have had a great quarter. If the market follows what appears to be a trend, inventory is likely to increase from now in preparation for Christmas sales.
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04-10-2022, 08:37 AM
#7550
TRA looks oversold trading 8.5 p/e and 8.9% div yield. Doesn’t add up for a company with a clear plan for growth throughout NZ. The model is proven and management have actually provided forecasts of increasing earnings even in these uncertain times.
Looks like the 50 ema is about to pass through the 100 ema. That’s a good sign. Would love if someone with actual TA skills would comment further
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