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

[forest]

Nice charts Peat

The column on the npat chart for FY19;is likely be about the same as FY18 (hoping)

So npat not much more than FY15 ....in a period when revenues have more than tripled


Something wrong - all this clipping the ticket and not much more profit

Maybe charts not as good looking as you obviously intend to demonstrate

Just as well you not showing a profit per share graph since 2016.
In 2016 we had about 63mil shares on issue, now close to 87mil. That profit now is shared more widely.

[winner69]

I wonder what the Board thinks about the share price being $2.15

They seemed rather distressed when it was $3

[minimoke]

I wonder what the Board thinks about the share price being $2.15

They seemed rather distressed when it was $3

So distressed Paul Byrnes figured he better get his deck fixed before winter comes on - with his 30,000 share sale

[Balance]

2,339,462 so far.
With them buying at lot lower prices, I expect they will extend the buyback.

Being ever so cynical, has the buyback (using TRA's cash & capital) been used o prop up the sp as the Baker boys & friends try to unload their shares?

Hard to understand why this buyback is having no discernible effect on the sp.

[minimoke]

Hard to understand why this buyback is having no discernible effect on the sp.

You mean positive effect.

It has had the effect of driving SP down 14 %

[BlackPeter]

Being ever so cynical, has the buyback (using TRA's cash & capital) been used o prop up the sp as the Baker boys & friends try to unload their shares?

Hard to understand why this buyback is having no discernible effect on the sp.

I guess Milford offloading does not help. Question is - do the Milford boys know something the market doesn't?

[Balance]

You mean positive effect.

It has had the effect of driving SP down 14 %

Haha - trust you to have a quick response!

[BlackPeter]

You mean positive effect.

It has had the effect of driving SP down 14 %

To be fair: nobody knows where the SP would have been without the Buyback. To be honest - this was my other reason to sell out ... not that keen to find out with my own portfolio in the shooting line.

[couta1]

I guess Milford offloading does not help. Question is - do the Milford boys know something the market doesn't?

Like they did with WYN you mean.Lol

[Balance]

So distressed Paul Byrnes figured he better get his deck fixed before winter comes on - with his 30,000 share sale

All joking apart, this IS the kind of double-faced behavior which institutional investors take keen note of.

Why would anyone (especially a a chartered accountant, and professional director and investor with 25 years’ experience in senior and CEO roles in private and listed companies) sell shares when the shares are so undervalued?

In my journey of investing over the years, I always recall an institutional investor dumping his fund's total shareholding of Ceramco's shares when Charles Bidwill stepped down complaining of ear-ache problems which prevented him from flying BUT was rumored to be in a plane a few weeks alter.

The manager did the right thing as Ceramco's share price almost totally collapsed a few months later.