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  1. #4121
    always learning ... BlackPeter's Avatar
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    Quote Originally Posted by blackcap View Post
    Couta1,

    Seems you were right and I was wrong. Good call. Good to see FNZC keeping them on their toes so to speak.

    http://nzx-prod-s7fsd7f98s.s3-websit...983/294245.pdf


    I forgot about this rule and thought it was daily but I see it is weekly, so there can be aberrations from the 30% on a daily basis: "it is intended that the purchases by Turners over a one week period will not exceed 30% of the volume of Shares traded over that one week period."
    So - they roughly bought the first million shares back. Another 3.5 to go. Will be interesting to see how the market behaves when the buyback finishes, but maybe we have some good news until then ...
    ----
    "Prediction is very difficult, especially about the future" (Niels Bohr)

  2. #4122
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    Quote Originally Posted by BlackPeter View Post
    So - they roughly bought the first million shares back. Another 3.5 to go. Will be interesting to see how the market behaves when the buyback finishes, but maybe we have some good news until then ...
    Lets hope so. Because a million shares for this company is not a small amount of volume and the SP has still steadily been dropping. So post the buy back.... bit of a worry. That said, a company will always be attractive at a certain price. So the sellers will have to stop selling if the price gets too low (barring further negative news)

  3. #4123
    percy
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    Quote Originally Posted by BlackPeter View Post
    So - they roughly bought the first million shares back. Another 3.5 to go. Will be interesting to see how the market behaves when the buyback finishes, but maybe we have some good news until then ...
    Just over a mil,1,044.993.

  4. #4124
    Speedy Az winner69's Avatar
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    Hopefully punters have decided to go the second hand car way

    NZ NEW VEHICLE REGISTRATIONS FALL IN JANUARY AS MARKET SOFTENS

    http://www.sharechat.co.nz/article/d...et-softenshtml

    Who’d buy a new car anyway seeing they only go 800km before seizing up.
    Last edited by winner69; 05-02-2019 at 10:10 AM.
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

  5. #4125
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    Quote Originally Posted by winner69 View Post
    Hopefully punters have decided to go the second hand car way

    NZ NEW VEHICLE REGISTRATIONS FALL IN JANUARY AS MARKET SOFTENS

    http://www.sharechat.co.nz/article/d...et-softenshtml

    Who’d buy a new car anyway seeing they only go 800km before seizing up.
    My 1994 Suzuki Vitara(Petrol) now at 325000k, never had any engine work and has been taken just about everywhere.

  6. #4126
    ShareTrader Legend Beagle's Avatar
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    Quote Originally Posted by winner69 View Post
    Hopefully punters have decided to go the second hand car way

    NZ NEW VEHICLE REGISTRATIONS FALL IN JANUARY AS MARKET SOFTENS

    http://www.sharechat.co.nz/article/d...et-softenshtml

    Who’d buy a new car anyway seeing they only go 800km before seizing up.
    LOL Not all of them mate...this is a first for me, never had anything remotely similar happen in 40 years of buying cars. Wonder what the crash rating is on Couta1's old Suzuki ? He's a top bloke, hope he doesn't get hit in that by some errant driver
    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

  7. #4127
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    Over 400k shares bought at $2.33 and no end in sight of that line being reloaded for sale at that price, I wonder who the big seller/sellers are?

  8. #4128
    percy
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    I remain surprised there have been no shareholder notices,other than the buyback,for months.
    I think SeeWeed must be the big buyer, if it is not you.?.lol.

  9. #4129
    percy
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    Yesterday 452,590 TRA shares were traded,of which 85% or 385,322 were brought back.

    Appears the 30% of weekly traded shares only,is no longer in place.?

    Since going xd 1,201,247 have been brought back,taking the total number to 1,965,315.

  10. #4130
    Speedy Az winner69's Avatar
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    Quote Originally Posted by percy View Post
    Yesterday 452,590 TRA shares were traded,of which 85% or 385,322 were brought back.

    Appears the 30% of weekly traded shares only,is no longer in place.?

    Since going xd 1,201,247 have been brought back,taking the total number to 1,965,315.
    Just as well they are buying that many .....esp if the sellers are keen

    Maybe the seller is snoops getting cash for his heartland foray
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

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