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

[alokdhir]

Soon it will be 420 friendly stock ...

[Sideshow Bob]

NZX Virtual Investor Preso

http://nzx-prod-s7fsd7f98s.s3-websit...803/404934.pdf

Beep Beep!!

[bull....]

As always Todd Hunter presents well.
Auto retail growing both number of branches and market share.
Timaru new branch looks the goods, and will open shortly.More branches in Christchurch too.
All divisions operating well.Lower interest rates will benefit their Oxford finance.Dividend growth continues.
NZX 50 inclusion looks close.

thx percy all those extra branches will grow sales

[percy]

thx percy all those extra branches will grow sales

The beauty of Turners strong brand is those new branches can hit the ground running on opening.

[winner69]

The beauty of Turners strong brand is those new branches can hit the ground running on opening.

Are they still using the insurance float to fund development?

[bull....]

Are they still using the insurance float to fund development?

must be using that money for something .... might even be bigger than oca float one day with all the growth to come

[percy]

Are they still using the insurance float to fund development?

I would expect so.
In his presentation I think he said TRA owned 14 of their 27 [or 29 sites].

[winner69]

I would expect so.
In his presentation I think he said TRA owned 14 of their 27 [or 29 sites].

And valued in books at cost …none of this revaluation gains stuff ……and quite a big difference between cost and real value ……unrealised eh

[BlackPeter]

thx percy all those extra branches will grow sales

I am sure that the new Christchurch branches will make it much easier for customers to get to them. The entrance to the one site they currently have in ChCh is easy to miss - and when you finally see the site, you missed it already and it takes a couple of k's additionally to turn around and potentially miss it again ;

But another two years to wait for the new sites ... hmm.

[Ggcc]

I am sure that the new Christchurch branches will make it much easier for customers to get to them. The entrance to the one site they currently have in ChCh is easy to miss - and when you finally see the site, you missed it already and it takes a couple of k's additionally to turn around and potentially miss it again ;

But another two years to wait for the new sites ... hmm.

Either way you must be happy you are on board with TRA.