Yes when it’s 385/400 we’ll be saying ‘always right buying under 3 bucks’
My only concern with the current share price,is it leaves Turners open for a takeover at $3.50 or under,where I see value at Couta1's $3.85 to $4.00 within the next year or so.
Looking three years out I see no reason why TRA should not trade at over $6.00.ie more than twice the current share price.
The share price will be driven by increasing dividends,eps growth, and PE expansion.
https://www.marketscreener.com/TURNE...914/consensus/
I'm feeling a little wee bit of vertigo from this talk of high future prices so perhaps its time to review where the analysts see it going...
They are forecasting zero growth this year, 29.9 / 28.6 = 4.5% growth in Fy20 and 32.8 / 29.9 = 9.7% growth in EPS for 2021
6.36% net dividend yield for 2021 grossed up for full imputation credits is 8.83% gross.
The brokers target price of $3.32 a year hence seems fair and reasonable to me. In the meantime people are being rewarded for their patience with a 7.85% gross yield which is pretty good.
Disc: Modest stake & converting modest stake in bonds to shares. Upon conversion my stake will still be a modest part of my listed portfolio of assets.
Take note Spark: true AGILE :p
The technical picture for TRA needs to improve quickly. Positive price action required about now.
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