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

[janner]

Yesterday I misread the TNR result.I got mixed up with taking the abnormals as normal.
The result offcourse did not include a full year of the "Turners auctions".
I also failed to factor in the fact TNRs are not paying full tax.
The 2016 projection was downgraded from $23mil to $20mil.
The result was not what I expected, therefore I have sold my holding.
To achieve the $23mil TNR will have to make an acquisition.Depending on what the acquisition is,the terms of the acquisition,and whether I think it is good or not,will guide me as to whether I will buy in again.

Do I defer to your obvious wisdom; obtained over many .. many .. years. percy ??.

Hmmmm...

As a fellow traveller over those years .. I beg to differ..

Maybe it was your sales that I picked up :-)))

Accumulating..

[percy]

Do I defer to your obvious wisdom; obtained over many .. many .. years. percy ??.

Hmmmm...

As a fellow traveller over those years .. I beg to differ..

Maybe it was your sales that I picked up :-)))

Accumulating..

I hope you do as well as I did,23.5% in a matter of months,plus a divie.
Back on to the watch list,until either the next announcement, or acquisition gets me back on board.

[janner]

I hope you do as well as I did,23.5% in a matter of months,plus a divie.
Back on to the watch list,until either the next announcement, or acquisition gets me back on board.

Not quite as good as yours..

It was after all you that had me looking twice..

Happy to hold .. And accumulate

[percy]

Not quite as good as yours..

It was after all you that had me looking twice..

Happy to hold .. And accumulate

I thought it was only right that I posted my misgivings,and the fact I had sold my holding,as I had been very positive about the company's prospects,and was concerned that I had steered other sharetraders to "look twice" at the company.
Hopefully my misgivings are groundless,and I will have to buy back in a lot higher prices.!!!

[janner]

I thought it was only right that I posted my misgivings,and the fact I had sold my holding,as I had been very positive about the company's prospects,and was concerned that I had steered other sharetraders to "look twice" at the company.
Hopefully my misgivings are groundless,and I will have to buy back in a lot higher prices.!!!

Look twice at all purchases perc..

Think thrice before parting with the money :-))))

[bull....]

im out as well, normally I trade so would have sold at 36 but thought I would go for a long termer for once lol ( should stick to my strategy ) but like article below says good times may be over

http://www.nzherald.co.nz/business/n...ectid=11459434

[couta1]

im out as well, normally I trade so would have sold at 36 but thought I would go for a long termer for once lol ( should stick to my strategy ) but like article below says good times may be over

http://www.nzherald.co.nz/business/n...ectid=11459434

This is still a well run company with a bright future so still good long term hold IMHO.

[biker]

This is still a well run company with a bright future so still good long term hold IMHO.

I agree. The monthly sales 'decline' was 30 vehicles! off a base of over 10,000.
Lots more from TNR yet IMO but patience required.

[zigzag]

Divy was a bit less than I was expecting. Forgot about the lack of imputation credits. Bugger. But, if someone plonks some money in your bank, one shouldn't really complain about paying tax on it.

[blackcap]

I should have added that the forecast profits for FYs 2015 and 2016 are before tax (DPC/TNR expects to resume paying tax in FY 2017).

So, the $23M pre-tax forecast for FY 2016 amounts to 3.65 cents per share (spread over the number of shares issued as of today). Were tax to have been deducted at the company rate of 28%, NPAT would be 2.63 cents per share.

Granted and the forecast is now $20m. However if TNR did pay tax... they would be able to pass this on to us with Imputation credits. So either way it makes no difference does it?

The reason I am highlighting this now is the prior post and my own experience of paying RWT off my dividend to the IRD. Having Imputation credits nullifies this payment thus for the shareholder it is a moot point if the company posts their profits as pre-tax (gross)

At these prices starting to get back on the accumulate radar again