Definitely the shotover is a better example of overpriced /hyped Queenstown trash Beagle ,the Earnslaw is a gem.
Definitely the shotover is a better example of overpriced /hyped Queenstown trash Beagle ,the Earnslaw is a gem.
Is this a travel site? I must have crossed threads somewhere.
Turners sells travel, they sell cars that people travel in :p
I enjoy and respect your stock posts Beagle but the site is called "Sharetrader"
Excuse me if I have lost my sense of humour somewhere!
20,371 posts to 8.........
checkmate:t_up:
no announcements this year
and it is now getting closer to the end of their FY 22
presumably they know how they're tracking now or very soon.
so if no announcements then expect FY22 NPBT to be within the range of $40-$42m (~10% growth) as per their last year announcement. this is pretty close to 50cps = pretty close to 30cps div so will the quarterly divs be bumped up to 7 cps?
market sentiment is a bit poor though so price can falter in line with that presenting opportunities
If it goes as low as 4 I will pick up some more. for now holding
Its easy to get tripped up with TRA's before tax numbers and forget to convert them to after tax...I've made that mistake in the past. $42m before tax suggests about $30m after tax which is ~ 35 cps. Divvy payout ratio is 60-70% so at 65% of 35 cps = 22.75 cps for the current year. They've paid 2 x 5 cent quarterly divvies already so I am expecting the next one to be 6 cps and the final one to be either 6 or 7 cps.
Quote:
FY22 guidance $40m - $42m: Based on the particularly strong Q1, stronger
trading following the L4 lockdown, and assuming L3/L2 restrictions ease over
coming months, we expect FY22 NPBT to be between $40m and $42m. On that basis
and with our dividend payout policy of 60-70% of NPAT we anticipate full year
fully imputed dividends of a minimum of 22 cents per share.
Nice one blackie.Quote:
High conviction on FY24 target: We continue to develop our competitive moat
through this time, which is positioning us for an even stronger performance
in FY23 and FY24. Our conviction levels for exceeding our medium-term term
target for FY24 of $45m NPBT target are very high and we will revisit our
FY24 target at year end.
I couldn't resist but top up on the current weakness in the share price. There are the world events (Ukraine and high prices of oil and inflation and covid. Then the lack of TRA news is the culprit for the SP drifting lower over the recent weeks. I might end up as a top 10 shareholder in Turners if I keep topping up. 😜 All company communication is positive and specific. Time will tell whether I'm a stud or dud.
Interesting comments from Heartland in the media today saying the new consumer lending reg's are causing them big headaches with car loans.
Todd Hunter commented on here a while back they had initiated a good plan to deal with the issues so I would think that gives them a competitive advantage which is not insignificant considering the lending division is the most profitable one !
I don't think you can go too far wrong at this price. I have a truck load already.
In regards to Turners I can't say my portfolio is balanced. Am still a firm believer that they will deliver what they say they would.
In a couple of weeks time we should get an indication as to how business is doing and whether we get an upgrade or not.
We might see the share price drop a little more, but I would hate to miss out if they are doing what they say they are doing and maintaining momentum. If they are performing better than expected we should see a share price above $5 within 6 months or less
Back on topic -
Today in History 24 Feb 1912, SS Earnslaw launched on Lake Wakatipu
Stuff newspaper today: "Stats NZ said total sales volumes rose 8.6 per cent, once seasonally adjusted, in the last three months of the year, compared to a 8.2 per cent fall in September, which was the result of the Delta lockdown.
Strong rises were seen in motor vehicles and parts retailing, up 22 per cent."
An indication that all was well in Q3 at Turners.