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

[Baa_Baa]

TRA's had a really good run since the Board pronounced their SP as underpriced, but all good runs have a breather at some stage and this looks like that stage for TRA now. The recent decline is forming a curve down, i.e. not a straight trend line down but a curve down of greater falls each day to lower lows.

Five days ago the 'Supertrend' indicator flashed a sell signal, the first since March and here we are now with a SP close under the 50MA, albeit right on RSI oversold. There's heaps of technical supports but it would be sad to see this retrace to the notable 200MA at $3.35.

Not sure what it would take to reverse the current sentiment which looks like profit taking (using industry slang).

[Biscuit]

T...... it would be sad to see this retrace to the notable 200MA at $3.35.....

Unless it reflects a change in the business, the lower the sp the better as far as I am concerned. I really start to feel uneasy with all these high share prices.

[mikelee]

Unless it reflects a change in the business, the lower the sp the better as far as I am concerned. I really start to feel uneasy with all these high share prices.

yeah, especially with companies like AIA...outrageous too that oil prices have gone up so much with international borders still largely closed

[Rawz]

it’s more about future growth prospects for me. Australia is 5 times the size of the NZ market, so Turners wouldn’t have to achieve very high penetration to significantly increase its turnover. There is only so much Turners can grow in NZ, given it already is present in all the main centers, Australia would seem the obvious next step.

Turners can 3x their current size, i.e 50 used car dealerships and only then they would start to have good national coverage. At this point they would be a billion dollar company and maybe just maybe be in a position to start looking at Australia but like BlackPeter says it is a completely different beast over their and plenty of NZ companies have lost a lot of shareholder money over there.

Turners only have 18 yards around the country. Toyota have 56.

[Beagle]

The run up to ~ $4.50 was very fast and it was a bit over-bought at that level. Taking a breather in an uptrend is a healthy thing. I remain very confident that their three year plan will generate strong growth in earnings per share.

[Ggcc]

The run up to ~ $4.50 was very fast and it was a bit over-bought at that level. Taking a breather in an uptrend is a healthy thing. I remain very confident that their three year plan will generate strong growth in earnings per share.

If lockdowns persists around the world I see TRA hitting $5 by the end of this year. No one will be travelling and just about everyone wants to spend

[Beagle]

If lockdowns persists around the world I see TRA hitting $5 by the end of this year. No one will be travelling and just about everyone wants to spend

I'm not going to try and be too prescriptive about timing around the $5 mark but one key theme I am investing around is that international travel will not return to normal for many years.
In normal times around $10 Billion per annum is spent overseas by N.Z. residents. Much of that will be spent here and retailers like WHS, HLG and TRA will enjoy strong and enduring tailwinds. I'm betting big on this in all three stocks mentioned.

[Rawz]

I'm not going to try and be too prescriptive about timing around the $5 mark but one key theme I am investing around is that international travel will not return to normal for many years.
In normal times around $10 Billion per annum is spent overseas by N.Z. residents. Much of that will be spent here and retailers like WHS, HLG and TRA will enjoy strong and enduring tailwinds. I'm betting big on this in all three stocks mentioned.

Add MHJ to that list.

Agree with your initial comment on the timing of $5. People getting caught up in the race to it. It will happen just let management execute and buy the dips that are generously presented

[Ggcc]

I'm not going to try and be too prescriptive about timing around the $5 mark but one key theme I am investing around is that international travel will not return to normal for many years.
In normal times around $10 Billion per annum is spent overseas by N.Z. residents. Much of that will be spent here and retailers like WHS, HLG and TRA will enjoy strong and enduring tailwinds. I'm betting big on this in all three stocks mentioned.

I’m not too worried about the timing as well, as I am well aware people have underestimated this virus over and over again. I was one of them.

For now I’m focusing on renovations to my house, because it gives me a better way to enjoy life at home, a better mental health attitude.

I have so many friends that have been itching to travel. They have now started looking at cars for a way to feel like they are living.

I think we will surpass $5 by the end of the year, as a general statement and it will go higher next year if things continue with lockdowns FOMO will kick in.

I have no intention to sell any shares I own in TRA.

[Beagle]

I agree that there is a real tendency for people to want to live for today because who knows what tomorrow will bring. I did a ton of research on new campervans earlier this year and read 101 reviews and reached a conclusion about what I thought was the best model for us. I spoke with the importer 3 days before the Caravan and Motorhome show in Auckland and he said, don't worry, we have 5 of that model coming in November, there's not going to be a problem. By the time I arrived at the show on Saturday morning for my first personal inspection to confirm my purchase they had all sold out.

They have more coming in 2022 but can't give me a price or date due to exploding shipping rates and possible further lockdowns in Germany. One thing is for sure...its going to be a LOT more than $178,000 that I was hoping to buy one for at the show, most probably well over $200,000 We hope to hire that model this summer and decide from there.
We need to be absolutely sure this is the right one for us if we're going to go north of $200K.