Buying in the lead up to the end of year announcement. Hmmm...me thinks they are serious about it being over $35m, well and truly over $35m by the look of it.
Did a small top up myself last week and another one this week.
Buying in the lead up to the end of year announcement. Hmmm...me thinks they are serious about it being over $35m, well and truly over $35m by the look of it.
Did a small top up myself last week and another one this week.
Removing the random intraday temporary spike to $3.55 from Jan 19th, TRA trading at annual highs today by the looks of it.
Good to see it on fire again --- Salt must have held it back after all
Share price hit 390 in 2017 ....so currently not even going somewhere it ain't been before ... that's good
Might see 4 bucks by next divie -- the one after the one we getting this week
SP should be $3.60 in all fairness.
If they report a $37-$38m profit then $4 SP surely on the cards, based on a modest low teens P/E.
Ill still take $36m profit.
What should the P/E be for a company that has had multiple profit upgrades? Hmmm.
FY22 will see $40m profit minimum with the $4m cost savings?
BTW. Does anyone know what their finance and insurance penetration is for all the cars they sell?
Added a few more this morning.
Only $3.60
NPBT $36m is $26m after tax or 30 cents a share
Your $3.60 would be a PE of 12
Surely a minimum PE of 15 (and that's being miserable) - PE of 15 is share price of $4.50
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And then there's that 18 cents divie - ie 25 cents gross.
Even on a 5% yield TRA deserves a share price of $5.00
So lets split the difference and say 'fair value' for TRA at the moment is $4.75 .....with a target of $5.30 in a years time
No wonder beagle is buying up big (few more is code for heaps more)
if they can source cars cheaper than anyone else then should be a winner as prices seem to have climbed up steady during the pandemic, I won't be buying a car until next year the earliest
Very weird how my above post duplicated
The site either runs fast (that is normal speed) or super super slow and thats in the space of a few minutes
I hope they can get a handle on the issues
I agree!!!!!
But I thought this would have raced to the $3.60-$4.00 with the last "at least $35m profit" announcement. Plus one of the directors purchased shares on market.
Mr Market takes us to $3.30 where Salt then puts up a wall. Then it sits around $3.15-$3.20... what a joke.
Glad we are out of that zone and seemingly heading to $4.