TRA - Turners Automotive Group [previously TNR - Turners Limited]

[Beagle]

TRA just can't seem to get out of first gear ....at least it's not in reverse anymore

I'll still get this 5 cent divie won't I if I hold a bit longer?

Steadily building support at the $3 level. Has sneaked its head just above the 100 day MA line. The shares look like a good value pick on the NZX but the market may take some time to ascribe a higher PE multiple so plenty of patience is required. Paid well in dividends so patience shouldn't be that much of a problem, at least in theory lol.

[winner69]

Steadily building support at the $3 level. Has sneaked its head just above the 100 day MA line. The shares look like a good value pick on the NZX but the market may take some time to ascribe a higher PE multiple so plenty of patience is required. Paid well in dividends so patience shouldn't be that much of a problem, at least in theory lol.

More like the MA100 line sneaked it’s head below the TRA shareprice line

At least a good sign that about now might be the ‘bottom’

[percy]

Pleasing seeing the improvement in liquidity.
100,000 shares traded yesterday in an off market sale, and a 200,000 traded off market sale today.

[RTM]

Pleasing seeing the improvement in liquidity.
100,000 shares traded yesterday in an off market sale, and a 200,000 traded off market sale today.

Your joking right ? I'm struggling to see how off market sales can be interpreted as an improvement in liquidity ?
Remove the 200,000 and we have 18,831 sales today. Maybe this is an improvement on prior days, not sure.
Is it the 18,831 you mean the improvement ? Does not feel great to me.
Disc. Holder.

[percy]

Your joking right ? I'm struggling to see how off market sales can be interpreted as an improvement in liquidity ?
Remove the 200,000 and we have 18,831 sales today. Maybe this is an improvement on prior days, not sure.
Is it the 18,831 you mean the improvement ? Does not feel great to me.
Disc. Holder.

Does to me.
Means should I want to sell, my broker can move our holdings.
Would not have been easy before TRA's result.
Therefore liquidity.

[couta1]

Your joking right ? I'm struggling to see how off market sales can be interpreted as an improvement in liquidity ?
Remove the 200,000 and we have 18,831 sales today. Maybe this is an improvement on prior days, not sure.
Is it the 18,831 you mean the improvement ? Does not feel great to me.
Disc. Holder.

Actually I agree with you, the NZX has near double the % of off market trades compared to overseas markets. Basically the NZX is controlled by a small number of brokers negotiating large off market trades for their preferred clients, there is no transparency in this process. This is to the detriment of retail holders and keeps the NZX a dinosaur facing extinction.

[RTM]

Does to me.
Means should I want to sell, my broker can move our holdings.
Would not have been easy before TRA's result.
Therefore liquidity.

Hmmmm...that's a different interpretation than I have when I see these off market sales. What I always thought was that they were sales from one entity to another at some agreed price. I hadn't thought of them being assembled to say 200,000 from Percy and Couta and RTM and Beagle and etc by brokers for someone. Yes, if that's the case, agree, that would add liquidity and is a good thing.

Thanks, there is always another way to look at things.

[percy]

Hmmmm...that's a different interpretation than I have when I see these off market sales. What I always thought was that they were sales from one entity to another at some agreed price. I hadn't thought of them being assembled to say 200,000 from Percy and Couta and RTM and Beagle and etc by brokers for someone. Yes, if that's the case, agree, that would add liquidity and is a good thing.

Thanks, there is always another way to look at things.

Two things.Should I ring Craigs to sell 5,000 or 50,000 TRA, and they sell/cross them to another Craigs client they are shown as SP.Which is what was shown with 200,000 today and 100,000 yesterday.I do not know which broker crossed these shares.
Secondary liquidity is being able to sell 50,000 to 100,000 TRA,however way it is done.Before TRA's result if I had tried to sell 50,000 I would have driven the price down to possibly $2.50 from $2.95 ,because there were only about 10,00 on the buy side.
Tonight there are 104,876 shares wanted from $2.90 upwards.That is only what is wanted on market.So to sell 100,000 tomorrow could be done either on market,or maybe off market,.
What this means is LIQUIDITY.

[RTM]

Two things.Should I ring Craigs to sell 5,000 or 50,000 TRA, and they sell/cross them to another Craigs client they are shown as SP.Which is what was shown with 200,000 today and 100,000 yesterday.I do not know which broker crossed these shares.
Secondary liquidity is being able to sell 50,000 to 100,000 TRA,however way it is done.Before TRA's result if I had tried to sell 50,000 I would have driven the price down to possibly $2.50 from $2.95 ,because there were only about 10,00 on the buy side.
Tonight there are 104,876 shares wanted from $2.90 upwards.That is only what is wanted on market.So to sell 100,000 tomorrow could be done either on market,or maybe off market,.
What this means is LIQUIDITY.

Thanks....got it.
Did you buy those 300,000 shares ?

[percy]

Thanks....got it.
Did you buy those 300,000 shares ?

No...………..
Luckily the sale of my old house does not go through until Friday,so am broke until I receive the proceeds from that.Robbed the piggy bank buying the wife 10,000 on the day of the result announcement..