The stock owes me about 70k so $2.50 won't cut the mustard.
I grew bored with the ever decreasing SP tied to the Share buy back - so lost interest in it. See there haven't been any announcements lately. Are they still buying back
Don't blame you mm. Lots of people underwater by heaps with this one.
Buy back finished on 31 March 2019 to the best of my knowledge but this is Percy's baby so he would know for sure.
I believe the buyback is stopped before announcements are made... or directors sell shares.
I am very surprised we are yet to see anything from the company given the uncertainty around performance. I suspect something must be in the works, whether good or bad.
https://www.nzx.com/announcements/327416 Dug out the original announcement seeing as there's a bit of interest in this subject.
I would have expected a trading update and dividend announcement by now and like JohnnyTheHorse feel something is in the works.
My sense is the share price has been telling us for quite some time that trading has been tougher than expected. Whether that's already factored into the current share price is the (thankfully a lesser amount for me) $64,000 question.
From that annopuncment "Turners is in a strong financial position and the buyback is seen as an efficient use of capital while the share price remains below the intrinsic value of the business." So maybe at $2.25 intrinsic value is met.
On 29/3 last year they had their Divi announcement. On 4/4 a Shareholder newsletter went out. I have a feeling in my waters no news is bad news.
Market share gains = more clipping the ticket = greater profits
Ticket collectors busy ......
.......But I think there are too many Fat Controllers
No Fat Controllers at Turners.
All wear running shoes,and have large biceps [from ticket clipping].
NEW VEHICLE REGISTRATIONS FALL IN MARCH AS MARKET SOFTENS FURTHER
http://www.sharechat.co.nz/article/f...s-further.html