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

[Beagle]

Plenty on offer at $1.065 for anyone who agrees with my point of view. I welcome anyone else's attempt to value these convertible bonds, (please supply a link to the valuation methodology / tool you are using).

[peat]

Plenty on offer at $1.065 for anyone who agrees with my point of view.

Not any more, someone took them all out! ;+)


Edit (Not me!)
And no funnily enough we dont have any more at par

[Beagle]

Not any more, someone took them all out! ;+)


Edit (Not me!)
And no funnily enough we dont have any more at par

Looks like someone else with deep pockets has seen the light. Gosh I went away for lunch to chew over how many more I could squeeze into my portfolio and boom, they're all gone !
Suppose I should be pleased I have close to my targeted ideal allocation...glass 80% full and all that sort of philosophical stuff...

[Snow Leopard]

Nice to see this on a run but I would caution that I believe (you can believe different if you want ) that it is way above any reasonable valuation (ie mine [$3.22 now, $3.55 in a year]).

Best Wishes
Paper Tiger

Disc: do not take the post title too seriously.

[percy]

Nice to see this on a run but I would caution that I believe (you can believe different if you want ) that it is way above any reasonable valuation (ie mine [$3.22 now, $3.55 in a year]).

Best Wishes
Paper Tiger



Disc: do not take the post title too seriously.

John McEndoe's famous words come to mind.
"You cannot be serious."!!!!!!!!!!!!..lol.

[winner69]

Disc: Hold both the shares and bonds, (more bonds than shares).

I thought you didn't invest in companies with high intangibles - esp where intangibles are about the same as equity

[percy]

I thought you didn't invest in companies with high intangibles - esp where intangibles are about the same as equity

He has been known to change his mind.!!..lol.

[Beagle]

I thought you didn't invest in companies with high intangibles - esp where intangibles are about the same as equity

There's always an exception to every rule especially when presented with such an outstanding opportunity in the bonds, (disc bond to share ratio held 12:1)

[percy]

I like TNR.
They say they are going to do something,and they do it.!Simple.
Only a couple of months they talked about Secuitisation,[think it was when they announced the MTF non-recourse loans,on 15/11/2016.]
So yesterday's announcement came as no surprise;"Turners announce establishment of securitisation programme."
Strengthening the management team with existing staff, I also take as a positive.

[Beagle]

I like TNR.
They say they are going to do something,and they do it.!Simple.
Only a couple of months they talked about Secuitisation,[think it was when they announced the MTF non-recourse loans,on 15/11/2016.]
So yesterday's announcement came as no surprise;"Turners announce establishment of securitisation programme."
Strengthening the management team with existing staff, I also take as a positive.

Agree. Strong population growth through immigration and demand for vehicles is a tailwind for TNR.