Well it’s taken 2 years to fall that much ......so a long grinding down process
To every action there’s an equal and opposite reaction ......didn’t Buffett say that?
Keeping the faith ....but wish Baker and his Singapore mate would pull finger and find a buyer ...I’d be happy with 240 now
Newton's third law mate. He had a bit to say about momentum in his first law too, something that TRA shareholders are being "treated" too with fresh ongoing multi year low's on a regular basis.
Mate of mine told me that momentum is a very powerful force in the market, I believe that was you !
Last edited by Beagle; 27-02-2019 at 05:12 PM.
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
Not compelling enough a case as a yield stock at present in my opinion. 17 / 0.72 = 23.61 / 217 = 10.88% gross
How does that compare with a couple of other well known dividend hound stocks, both with a vastly longer track record of being good dividend payers ?
AIR - expected dividends 22 cps fully imputed / 0.72 = 30.56 cps gross and on $2.57 last time I looked that's 11.9% gross.
HLG - expected divvies this year 24 cps paid December 2018 expecting 20 cps in April 2019, total 44 cps / 0.72 = 61.11 cps gross which on $4.09 gives 14.9%.
Of course you could argue that these sort of dividends are not sustainable by AIR or HLG but the same argument could very easily be applied to TRA.
Various price points for required yield to make TRA compelling as a dividend hounds stock, choose your required rate of return compared to other alternatives.
12% gross = SP of $1.97 = equal return to AIR
15% gross = SP of $1.57 = equal return to HLG
13% is $1.82 or 14% $1.69 for those expecting different yields for the risk involved.
Of all 3 alternatives I think HLG looks the best to me not only in terms of yield but also they are growing sales in a tough market and have an awful lot of runs on the board over a vast amount of time in terms of delivering the goods.
Conclusion - TRA is still quite some way away from being a buy for me in terms of being a compelling yield investment. We will see if the trend continues long enough to tempt me back in. I think its going to get a fair bit darker yet.
Last edited by Beagle; 27-02-2019 at 06:10 PM.
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
Mark Knopfler of Dire Straits penned this in one of my favourite songs Why Worry -
Why worry
There should be laughter after pain
There should be sunshine after rain
There should a new high Turners share price after going down the drain
These things have always been the same
So why worry now
Why worry now
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
Mark Knopfler of Dire Straits penned this in one of my favourite songs Why Worry -
Why worry
There should be laughter after pain
There should be sunshine after rain
There should a new high Turners share price after going down the drain
These things have always been the same
So why worry now
Why worry now
I've heard similar tales from the Warehouse - where clothing or toys or a TV is needed for the weekend, only to be returned on Monday morning.
Why just the weekend when you've got a year to return the goods? I've even seen someone return a dirty coffee cup. And invariably you get paid back more than you've spent if you used the 5% discount Warehouse Money card to buy a number of items on one receipt and use a debit card for the refund of just one or two of those items.
But we digress. That's enough about a listed company retailing products apparently not currently wanted by the New Zealand public and whose share price is much lower than a year or two ago...
Originally Posted by winner69
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