I sold out of my TRA holding at $2.90 ending my relatively short involvement as a shareholder (former bondholder) in TRA - while the dividends are great and I came out with a pretty small capital gain, at this price (around $3) I see it 'pretty fully valued' (for now) with not much room to grow capital gain wise or dividend wise for the immediate period.
Good luck to all holders.
(note: despite my name, I am not actually a trader lol so I don't sell out often)
^^ Posted 17 January 2020.
Well done, looks like you picked the top off this latest bout of exuberance. Now broken down through the 100 day MA and the many years of woeful underperformance (relative to the NZX50) continues.
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
I would expect a great number of people will be concerned about their jobs with the threat of The Corona Virus.
May stop them looking to upgrade their car using finance.Instead of buying a $25,000 used car, they will settle for a $10,000 one.In which case Turners will do OK.
Perhaps with market uncertainty, Turners may have timed their entry into The Carly subscription model perfectly.
^^ Posted 17 January 2020.
Well done, looks like you picked the top off this latest bout of exuberance. Now broken down through the 100 day MA and the many years of woeful underperformance (relative to the NZX50) continues.
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Originally Posted by percy
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