Low liquidity stock with a lot of shares to buy back coming from rats and mice sellers in the main equals a higher SP in my book.
Just bought in at 255.
This stock is priced for 0 growth.
I never really liked TRA previously but it looks cheap and pays a divi + buybacks incoming so thought I'd give it a go.
if the markets really against the stock then being a buyer of last resort might be a bit of a thankless task in the short term.
I think of it in terms of say the Bank of England vs Soros , or more recently when the Swiss dropped their peg to the Euro.
Holder at average just under 3
Patient. Possibly consider some more at these prices
Do Turners sell double cabs? I see so many of them here
Beagle - I see on Slide 8 of their presentation they do show a thing called Underlying NPBT (up 3%) which doesn’t into account property sales profits.
Implies they recognise such things as property profits as not entirely normal or at least something that causes lumpiness in earnings
One thing though - this time next year they can do the Underlying NPBT trick and show growth from there (assuming they won’t have a $3.5m property windfall). Sneaky eh
The tWHO'S TELLING PORKIES ABOUT CAR SALES?
http://www.sharechat.co.nz/article/4...car-sales.html
Interesting October was dreadful month