Of course it will ...time for a Tui lol
Hugh Greene appointed Paul Byrne to Dorchester, as it had been run into the ground by Brent King..His hard work together with Baker's involvement meant Dorchester survived.Paul Byrne's work with Dorchester Properties 3rd rate properties was incredible.All unit holders were repaid.
This is the second or third time [and the last] I have pointed this out to you.
If you want another round with Brent King you can,by buying GEN shares.[You deserve each other]..lol.
Yep ,and as for the 7 year itch comparison , backwards looking does not a good investor make. Anyone been holding that long, fair enough, certainly not me. TRA one of the few stocks to go up today for me.Great chart. Yield hunters?
Best use of long term price comparisons in my opinion is within the same sector group. This gives a good handle of the merits of one business model compared to another within the same industry.
Eg Compare RYM $4.55 on 31/12/2012 to MET $3.10 on the same day to see which model works the best over time and the answer is crystal clear.
On that subject its probably worth noting that Colonial Motors was $3.80 on 31 December 2012 and closed at $8.91 today.
Compares to TRA's "growth" from $3.30 approx. 7 years ago to $2.64 today. I think that speaks for itself but of course TRA Directors will tell you they are refining and changing their business model...but they've been doing that for a while now and the results speak for themselves. We know they like to pay themselves very handsome directors fees so the extraordinary bad share price performance begs the question of what other corporate excess is buried deep in their accounts ?
CMO's performance no doubt helped by very reasonable directors fees which probably sets the tone for considerable other reasonableness within the company.
Crystal clear over a decent period of time with both examples above, which business model's work best.
But I'm just a silly bean counter that actually likes to quantify and measure things over time and the resident experts foretelling of stupendous growth ahead will no doubt choose to believe that going forward the results will be different. Of course they will...what could possibly go wrong :)...or could it be that the used vehicle market in N.Z. is notoriously difficult and just an extremely tough industry with razor thin margins and no barriers to entry...
Its totally irrelevant to my time frame . Im happy with my investment and income ATPIT. Im not reccoing it , pumping it or continually dumping or down ramping it. People who do that raise questions, whats their agenda here.One thing i know for sure its not philanthropy ;so what is it?