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

[Sideshow Bob]

https://www.nzx.com/announcements/427305

Turners Q3 Dividend Declared
Turners Automotive Group (NZX/ASX: TRA) is pleased to announce that directors have declared a Q3 FY24 dividend of 6 cents per share (fully imputed) to be paid on 27 March 2024. The record date is 12 March 2024.

[777]

https://www.nzx.com/announcements/427305

[FONT="]Turners Q3 Dividend Declared[/FONT]
Turners Automotive Group (NZX/ASX: TRA) is pleased to announce that directors have declared a Q3 FY24 dividend of 6 cents per share (fully imputed) to be paid on 27 March 2024. The record date is 12 March 2024.

Great they are paying out in March instead of April. Helps those holding in a Trust.

[mike2020]

Oddly 4700x0.08=37.6 or exactly 8% at 4x6 cents plus supp and imput. Possibility of better than that in Divis too. 8% plus has been my criteria for divs for a while now.

[pierre]

https://www.1news.co.nz/2024/03/12/t...-the-ad-works/

[winner69]

Turners monthly market report says dealer to Public sales in February were more than 3% up on last year ...improvement on the 1.5% reported for January

Add on market share gains things must be going well at Turners

Certainty now that $50m npbt will be achieved in F24

Looking forward to profit upgrade just after Easter

Share price well over 5 bucks in April

[Antipodean]

$50m NPAT at current SP $4.70 is a P/E 8.28.
8% gross divvies on top.

Some say it is hard to find good value in NZX, others just know where to look.

[pierre]

I hope "Tina" is receiving some commission for the tremendous contribution she is making to Turners' results.

[winner69]

$50m NPAT at current SP $4.70 is a P/E 8.28.
8% gross divvies on top.

Some say it is hard to find good value in NZX, others just know where to look.

My bad Antipodean …it’s $50m npbt ….say $35m after tax

PE still 11/12 …great divie ….bright future

And exceptional value even at $4.70

[Snoopy]

I believe that Alaistair Petrie is the merely the NZ representative of the Ecuadorian Alvaro Noboa family, the people behind Bonita bananas. If you look at the biography of Alvaro Noboa.

https://www.alvaronoboa.com/en/biography/

it still says he has interests in New Zealand. Bartel Holdings was a significant shareholder in the old 'Turners Auctions' company, which when taken over by Dorchester, became the Turners business we know today. I know some of the public shareholding information says that Alaistair Petrie is the 100% shareholder of Bartel.

https://app.companiesoffice.govt.nz/.../shareholdings

But I think that is only in the sense that Petrie is the local nominee of the Alvaro Noboa family. Petrie took over this job from Michael Dossor who died in 2016. I don't recall any information on the Ecuadorians selling out since then. And being a shareholder from the Turners Auction days, I think I would remember if it had happened.

Interesting update on significant shareholder Bartel Holdings today
http://nzx-prod-s7fsd7f98s.s3-websit...683/415472.pdf

At first glance it is just updating the shareholding with shares reinvested via the DRP. But look a bit closer:
"On 16 June 2023, Bartel Holdings, through an off market acquisition, purchased 470,000 shares for $1,630,900."

I wonder if they bought those shares from one of the directors selling down?

SNOOPY

[Snow Leopard]

....I wonder if they bought those shares from one of the directors selling down?

SNOOPY

Why wonder when you can look it up?

http://nzx-prod-s7fsd7f98s.s3-websit...212/396656.pdf