Hahaha .. yes I remember them too ! :)
*Doubled posting removed*
Will be interesting to see what impact the new Feebate scheme confirmed today will have on the used car market. New to NZ cars, both new and used, can now have their prices impacted by either a fee (high polluting vehicles) or a rebate (EVs). Low emission ICE cars I understand will not be impacted.
I think this will be positive for a company like TRA, with demand for used utes/4wds likely to intensify in the face of more expensive new imports of those vehicles. Used EV cars might see some pressure downwards on prices (as new EVs are up to $8700 cheaper) but used EVs seems like a very small part of the market currently anyway.
With all the effort and talk about emission reduction in this country it's easy to lose sight of the fact that it can make almost no difference at all. NZ produces less than 0.3% of global emissions. We don't have a dome over us isolation us from the world. And China is still building coal fired power stations, over a hundred of them.
yeh quite frankly its crazy all the bad stuff lil ol NZ puts itself through for so little difference.
same when we deregulated. ideals over-ride sensible pragmatism.
look at all that imported coal getting burnt.
TRA going great guns eh. but not quite parabolic yet so still room for that :)
Well, your argument is obviously true for anybody of the 8 billion people on this globe - whatever the individual does won't make a big difference, so nobody needs to do anything - right? Does not make a difference at all. How lucky we are, lets keep polluting the globe and wait for the others to do something against it, shall we - or better, lets wreck the globe - Nor told us so, didn't he?
Obviously - we all need to move, and - by the way - NZ's carbon pollution still counts. We are on place 74 of 209 countries of the largest carbon polluters on earth (2016 numbers): https://www.worldometers.info/co2-em...ns-per-capita/
No reason to be proud of, given that our small population base puts us somewhere on place 125 out of 209 - i.e. we are - polluting the globe far more than the average globe dweller does.
We better start doing something to reduce our share of the pollution instead of spouting weak excuses - weak excuses won't help the globe to heal, will they?
Probably not quite the forum for it - but disagree intensely with the opinion that New Zealand’s contribution is meaningless. If every nation thought that way then nothing gets down out of pure national selfishness. If every nation with emissions the same or smaller than NZ also thought the same way and didn’t take any effort to reduce emissions, then that cumulative total would produce a sizable enough total to have a measurable impact on emissions. NZ also produces more carbon per capita than China, and NZ is one of the worst in the developed world when it comes to emissions vs the 1990 baseline (we are +53%, which is higher than Australia (!) and way higher than the US, so saying the world should focus on China is a tad hypocritical. Yes China is one of the major parts to solving the issue, but it shoulbe noted they are much more aggressively promoting EVs than we are.In the past NZ itself received a massive outsized benefit of the global effort to reduce emissions that were destroying the ozone layer over the Southern Hemisphere.
Agree BlackPeter, fairly naive and fatalistic from Nor. An issue as big a climate change clearly requires collective effort on a global scale - key word there being 'collective'
adjective
- done by people acting as a group.
"a collective protest"
Not to say EV rebate system as it stands is the best way for NZ to go about it's effort.
That aside, back to TRA - late disclosure on Friday, CFO purchasing exercising staff option for 125k shares. Good discount to market price, however good to see informed insiders making moves.
The bleating from the farmers about having to pay another $5K or thereabouts for their Utes is going to be interesting....they should be grateful there's no fart tax for all the damaging methane from their cows.
Looks as though it may hit $4.50 mark today, someone keen to accumulate at current levels.
Would make more sense to follow the lead of them that matter when and if they act. Nobody is going to follow our lead. It's like a few years ago NZ took down all protection for its industry imagining the world would follow our lead and remove protective on agricultural. It didn’t.
The naughty Beagle goes wandering on a little trip of forethought wondering about FY22 earnings and comes to the conclusion that Todd, Grant and the team are playing silly beggars with us about the 3 year plan which the dog reckons is actually a one year plan to get to $5.
Cleaning out my dog bowl the other day it was so shiny after licking it clean I swear I saw the reflection of the prospect of just on $42m earnings for FY22 which is ~ $30m after tax and just on 35 cps earnings and with years of tailwinds ahead, (Forbar reckons international travel won't return to normal until FY26) and people spending up large domestically my nose caught the whiff or the market ascribing a slightly higher PE of 14 times (given such consistent steady growth ahead) said 35 cps prospective earnings which got me to 14 x 35 = $4.90 as fair value one year hence or maybe earlier ?
Good they make these 3 years plans though which helps cunning hounds sniff out fair value one year hence :) Rating Accumulate, Price Target mid 2022 $4.90.
Looking at the gross yield I think 22 cps in fully imputed dividends is doable this year so that's 22 / 0.72 = 30.56 cps gross which on $4.50 is still a gross yield of ~ 6.8%.
Now is the time to act then - most developed countries have been reducing carbon emissions for at least a couple of decades (USA, UK, EU). At the same time we've been emitting more and more and falling further behind. Our peers are already acting and we've only just got to the starting blocks.
Or are you only comparing us to developing countries?
Double post