There’s a lot more to ‘fundamentals’ per se then financial performance
Strategy, fundamentals and TA all going for Turners at the moment.
There’s a lot more to ‘fundamentals’ per se then financial performance
Strategy, fundamentals and TA all going for Turners at the moment.
Attachment 10891 3 year competitive chart, speaks for itself. A very long journey ahead for TRA just to get back to the share price it was 3 years ago.
Attachment 10893 See for yourself how this company which has been "promoted" on an extraordinarily regular basis over the years has performed over the last 3 years v the NZX50
I leave others to judge if the one who's "cried wolf" 101 times might be right this time... Keep in mind the official eps forecast of only 24.4 cps, (at mid point) for FY20 is the company's own official forecast of current trading conditions and second half profit is forecast to be lower than 1H FY20.
Take care this summer to avoid irrational excesses...
3 dollar soon looks like
I don't think it is CMO. I know the chair of CMO and that is not their MO. The TRA question (merger/takeover) was actually asked at their AGM 3 years ago and was put to bed quick smartly. The two business models are totally different as well. (not that that matters). But can't see it happening. CMO do not have the warchest to be able to purchase TRA and as its a reasonably closely held family company (60+ shares are held by family interests) I do not see them doing a call on capital to fund an acquisition. Nor do I see them doing an issue of CMO shares to TRA holders as that will water down the family's interest. But interesting speculation no doubt.
Salt doing a bit of selling.
http://nzx-prod-s7fsd7f98s.s3-websit...844/313839.pdf
Inching close to that magical $3 mark....
Love it up 30% for me plus nice dividends