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

[Louloubell]

Yep, I particularly like their expansion plans.

[winner69]

Don’t anybody tell Sailer Rob about the Turners insurance float that Percy mentioned

[Sideshow Bob]

Hold none myself, but been buying in my daughters Sharsies account for the past 6 months.

When I last went through it with her the other day, normally her eyes glaze over when I explain what companies she has money invested in and what they do. But then I said Turners Automotive was one of her largest holdings.

Not expecting her to know who they are she said: TINNNNNNAAAAAAA FROM TURNERS

The power of advertising!!

She is a happy holder!!

[bull....]

FYI bull...about 1.2cps from the floods.

thx
i will see what the rbnz do tomorrow to get a better idea on the road ahead for tra

[peat]

I'll be up for the DRP!

[Onemootpoint]

Yep, I particularly like their expansion plans.

Agreed. Looking good long term.

[Jonette]

"A dividend reinvestment plan (DRP) will be a feature of the final dividend with a 2% discount applied for those taking up the DRP"

The DRP may be good or not so good, it depends on TRA price variability and the rules applying to DRP (Todd says they will be released shortly). I have been applying my own DRP for mine as well as my grandchildren's shares for the last year and found that if I stick to buying between announcement and payment there is often a very low point in price and the 2% discount may not be enough (about 7¢ per share) to beat that strategy.

The downside of DRP is that it is dilatory, ie as I understand it, these shares will be issued as new, which means the dividend can be applied to increase equity, reducing dividends in future by a tiny amount.

I will wait for the rules before committing.

[peat]

The DRP may be good or not so good, it depends

well yes one can argue the minutiae of entry points and opportunity costs but if income is not required then its a good way to set and forget for capital appreciation. sure you might judiciously purchase at better prices (or not) so yeh, unless the rules are horrendous - and 2% discount sounds generous to me - then let it (D)riP

[RTM]

well yes one can argue the minutiae of entry points and opportunity costs but if income is not required then its a good way to set and forget for capital appreciation. sure you might judiciously purchase at better prices (or not) so yeh, unless the rules are horrendous - and 2% discount sounds generous to me - then let it (D)riP

2% doesn't sound anywhere enough to me. I got sick of being stung on Heartland......so I now take the div and make my investment decisions when I want to. An advantage of this is I will buy a decent quantity of shares, rather than a dividend amount.
But yeah...automatic compounding, set and forget...not all bad.

[Habits]

2% doesn't sound anywhere enough to me. I got sick of being stung on Heartland......so I now take the div and make my investment decisions when I want to. An advantage of this is I will buy a decent quantity of shares, rather than a dividend amount.
But yeah...automatic compounding, set and forget...not all bad.

Any reason it can't be ten percent. Unless the NAB is above market price