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

[Rawz]

Solid result. Price on a no growth 8.4 P/E
Gross dividend yield of close to 9%

auto retail market share growing.

the NIM in the finance division will come right. wonder if they can get their interest costs down..

TRA quality factor is looking good in what is a tough market right now

[Muse]

robust result, in my view.

with inflation hitting households hard, and high fuel prices which ought to be quite a dampener on private transport and car purchases, these guys & gals are still performing well. love those marketshare gains.

one of my favourite blue chip smallcaps

[Rawz]

NTA increased 21% yoy

[LaserEyeKiwi]

Bucking the trend somewhat from other retailers who reported large y-o-y increases vs the year ago lockdown period.

[BlackPeter]

Very respectable result given that the sales sugar rush of people trying to precede the governments eco taxes is now fading. HY revenue up (but compared to a COVID HY), though still fitting into the by analysts forecasted FY revenue down. More important - they are managing to keep their earnings despite difficult circumstances basically flat.

Well done team - it is in difficult times like these when one recognises the outperformers.

Just lets hope the coming recession doesn't impact too much on consumers ability to repay their car loans ...

[Rawz]

Bucking the trend somewhat from other retailers who reported large y-o-y increases vs the year ago lockdown period.

If you want to strip out the non 'retail' divisions (finance, insurance etc) and look just at auto it grew a respectable 13% whilst the market shrunk 7.5% so pretty solid growth

[Muse]

Very respectable result given that the sales sugar rush of people trying to precede the governments eco taxes is now fading. Revenue down (not unexpected), but still managing to keep their earnings basically flat.

Well done team - it is in difficult times like these when one recognises the outperformers.

Just lets hope the coming recession doesn't impact too much on consumers ability to repay their car loans ...

revenue is up

[Rawz]

loan book grew to $443m 19% up yoy. Wow.

[BlackPeter]

revenue is up

You are right - revenue first HY up vs first HY last year. My bad for looking at the full year forecasts (after checking them against the HY report) without specifying that.

What I should have said is: Forecasted full year revenue so far in line with HY results and below last years full year revenue.

Shall try to make my post above a bit better understandable.

[LaserEyeKiwi]

If you want to strip out the non 'retail' divisions (finance, insurance etc) and look just at auto it grew a respectable 13% whilst the market shrunk 7.5% so pretty solid growth

Good point. That makes more sense.