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

[Snoopy]

Nobuy backs for a while .....

Where did you see that Winner? Or are you just looking at the lack of recent in house buyback disclosure, the much lower share volume traded today, and the fact that the share price has sunk below the recent buyback price as your proof?

SNOOPY

[Beagle]

https://www.marketscreener.com/TURNE...14/financials/
Analyst average forecast decline in eps for FY19 is 8% and declining again in FY20 by another 7% Ouch !
On track alright...to trade at under $2, you read it from this dog first.

[winner69]

Where did you see that Winner? Or are you just looking at the lack of recent in house buyback disclosure, the much lower share volume traded today, and the fact that the share price has sunk below the recent buyback price as your proof?

SNOOPY

Last notice was the 11th

If I remember right that was for a rather big buyback day ...maybe they have exceeded the stated ratios and waiting to catch up.

[percy]

https://www.marketscreener.com/TURNE...14/financials/
Analyst average forecast decline in eps for FY19 is 8% and declining again in FY20 by another 7% Ouch !
On track alright...to trade at under $2, you read it from this dog first.

Two analysts?
They like you should be prepared to be surprised.
This year I am not sure of,however, the foundations have been laid for a cracker next year,which will set the tone for following years.

[percy]

Last notice was the 11th

If I remember right that was for a rather big buyback day ...maybe they have exceeded the stated ratios and waiting to catch up.

You may be right.
I thought the same.

[winner69]

https://www.marketscreener.com/TURNE...14/financials/
Analyst average forecast decline in eps for FY19 is 8% and declining again in FY20 by another 7% Ouch !
On track alright...to trade at under $2, you read it from this dog first.

The same two analysts who Turners used to support their argument that the shares were very much undervalued .... remember AGM when they said they agreed with analysts outlook etc ....and loved the $3.32 consensus value ...and so a buyback

Seems one of those analysts have a target of $2.70 now


But problem with analysts is that their guess are all based on assumptions ...you know the sort of rubbish in rubbish out ones ....they just don't understand what clipping the ticket means. Take their forecasts at your peril

[Beagle]

Two analysts?
They like you should be prepared to be surprised.
This year I am not sure of,however, the foundations have been laid for a cracker next year,which will set the tone for following years.

Downgrades come in three's. TA continues to look shocking. Be careful out there folks.

[percy]

Be greedy when others are fearful.............Warren Buffett.

[janner]

Be greedy when others are fearful.............Warren Buffett.

Far be it for me to question Warren Buffet's words of wisdom Perc.
However I do feel that he meant for some thought before leaping in.

Sold out July 16 @ $3.05 at a lose. Have no intention of getting back in whilst it is on this present decline.

Not fearful. Just careful.

[Beagle]

Basic TA skills should serve investors well here. Those tempted to consider reentry after such a long and steady decline would do well to ameliorate their risk by waiting for the shares to break back above the 100 day moving average line which would appear to currently be $2.57.

These shares will be a good dividend yield play one day... when they start a new uptrend.