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

[winner69]

"We have recently undertaken market research which shows that the Turners brand stands out strongly as the most "trusted" brand in the used car market and the brand that has the most awareness'.
Chair and CEO's report page 6 TRA's annual report 2018.

And the presenation today had a chart of the trusted brands

Turners score shown as 45% .....Buy Right Cars 4% ...Others pretty trusted at 25%

Sample was 200

Awesome chart ....charts like that always give management the warm fuzzies ..but probably doesn’t mean very much at the end of the day.

[percy]

Buy Right cars needs a name change to Better Days Cars lol
Better days at Larry love used cars, what could possibly go wrong lol https://www.youtube.com/watch?v=2VbX22w9qws Come on Percy, you gotta admit it is kind of funny. I guess some of Turners end of life vehicles would fit right in on Larry's car lot

Funny very.
Even funnier is I know a guy importing Larry's stock and making good money doing it.!
The old Ford parts truck sells for good money.!!

[winner69]

Hope the share price doesn’t fall back to 224 today

[percy]

And the presenation today had a chart of the trusted brands

Turners score shown as 45% .....Buy Right Cars 4% ...Others pretty trusted at 25%

Sample was 200

Awesome chart ....charts like that always give management the warm fuzzies ..but probably doesn’t mean very much at the end of the day.

Work to be done at BuyRight.
Sorry to other posters,however I missed this page in the presentation.

[winner69]

Presentation says Earnings per Share is consistent

Suppose that’s true if it’s still about the same as 4 to 5 years ago.

[percy]

Very consistant....lol.
Divie seems to be consistantly increasing?

[Beagle]

I noted that they are committed to 17 cps this year. I didn't notice any commitment after that, did you ? (Acknowledge average broker forecast is for increasing divvies in FY20 and FY21)

[percy]

Perhaps.?
Forbar presentation page 5 item 5.

Interesting to note Turners NIM [Net Interest Margin] although down a little, is still an incredible 9%.
So Wangarei is owned by Turners, as is their new site North Shore which is under development.I take that is Archers Road site,and today I learnt from the presentation they will develop a branch at Westgate,which means the property development margins will continue..

[Balance]

Perhaps.?
Forbar presentation page 5 item 5.

Interesting to note Turners NIM [Net Interest Margin] although down a little, is still an incredible 9%.
So Wangarei is owned by Turners, as is their new site North Shore which is under development.I take that is Archers Road site,and today I learnt from the presentation they will develop a branch at Westgate,which means the property development margins will continue..

Sale & leaseback - like the Warehouse.

[percy]

Sale & leaseback - like the Warehouse.

Yes and no.
Strategic sites I expect TRA will retain.
It worked very well for SCY,in fact it was their major profit centre when they booked their development margin.
In TRA's case they are using their insurance company's "reserve" to generate excellent returns.
It means Turners can open up where ever they want,and develop each site to suit their requirements.Most landlords want big buildings on their sites to produce big rents,however Turners need small buildings with large yards to display their stock.
From ARG's announcement last year they are keen to work with TRA.Positive.