:cursing:
In the UK:
Lane assist can be turned off, but for safety reasons it will always default back on again each time you get in your car.
:cursing:
TRA: good dividend and not over-priced.
I see two directors have exchanged shares, has anyone seen why? (Byrnes sold almost 400k shares to Petrie)
Same here. In my Holden Calais I always turn off lane assist and idle stop while waiting a few seconds for it to warm up. Both are a serious PITA.
Fortunately both buttons are right next to each other so its a simple one-two, affix seat belt, stick it in drive and go.
Congrats on your opening position. This is now my largest investment in the NZX because its easier to make progress with a good strong tailwind ;)
TRA one of my high conviction holdings and picked in this years share competition. Still trades cum the 5 cent fully imputed second quarter dividend and the next two quarterly dividends will probably be 6 cps and continue into FY23 as I estimate 24 cps fully imputed dividends which puts TRA on a prospective forecast gross yield for FY23 of 7.5% gross. We're being paid very handsomely while we enjoy years more growth with this great value stock that's trading on compelling metrics.
I agree Beagle. Turners are my single biggest holding at just over 20% of my portfolio. A rosy future ahead for many reasons outlined by other posters and myself and clear communication about future earnings and divvies.
This is their most recent outlook statement which I think is very conservative.
I think they'll comfortably do $45m before tax ($32.4m after tax = 37.7 cps) in FY23, a year early. That comfortably supports 4 x 6 cent fully imputed quarterly dividends and represents a 63.6% payout ratio, just under the half way point of the payout ratio range of 60-70%.Quote:
Based on the current dividend payout policy of 60-70% of NPAT we anticipate
full year fully imputed dividends of 22 cents per share based on full year
profit before tax of $40m.
o Our conviction levels are very high to exceed our target for $45m of NPBT
in FY24 and we will revisit our FY24 target at year end.
I am comfortable with a year end PE of 14 which on 37.7 cps = year end price target of $5.28 = 17% upside from here + ~ 7.5% gross yield = total forecast shareholder return of ~25%.
Final day to buy and enjoy the second quarter 5 cents fully imputed dividend paid on 27 January is Friday 14 January. Shares trade ex dividend on Monday 17th.
I agree too, Beagle and Louloubell.
One does get the feeling that management know they have the business model set and know there is a long runway of growth ahead. The targets they are giving the market will be under what they privately believe they will hit. That's okay, its a funny world we now live in and who doesnt like upgrades
So over the next 5-10 years we will see:
- double digit growth p.a.
- very attractive dividends
- gradual p/e re-rate towards high teens once the company get a few more runs under their belt
Offer side pretty much non-existent atm.