Percy says a big shareholder died recently …and estate May be selling
No he was just out side the top 20.Although he often held shares in his own name,plus two finance companies he owned.
Therefore he could have had three holdings each of just under 400,000.
Also ex director Martin Berry has sold all or most of his holding.500,000.
Things are a bit tough for turners (and I am sure other car dealers)if you read this memo
Attachment 15102
Am I missing something? Please explain how this memo shows things are a bit tough
That's the most confusing memo ever. BUY BUY BUY "All vehicles under $30k" then "don't buy" (insert a large list of vehicles that would be under $30k). Anyway the memo is 3 months out of date. Why don't you post the current one sashadidi if you have access to it?
If u are a big investor having holdings of appx 1.2 mil as per Percy estimates then u will have some rapport with management also ...with results coming in few days which are suppose to create upwards momentum if going by past experiences and already announced profit upgrade ...then I feel selling in low liquidity super low sentiment is very ill advised move ...UNLESS they are hurrying up to get out before results announcement ...very confusing . Hopefully there is nothing bad in the results to eventually justify this move/selling
Ive been looking for a new towing vehicle and I have found no bargains at Turners. I would say above market price for the type of truck I want. Plus buyers fees. Make of that what you want but it does not appear the actions of a desperate seller.
For what it is worth, I think TRA is good buying at this price and I have doubled my holdings.
TRA now continuously trading below key support of $ 4 ...making me nervous ...hopefully it will turn around sooner then 21st May !!!
Lack of commentary here on this SP downtrend makes me feel all is going to be good and its worth adding here then getting worried ...still more thoughts about why SP came below $ 4 will be comforting ....