A lot to like about the results.
The business is in great shape.
The succession of Todd Hunter taking over from Paul Brynes is positive,as is the fact Brynes will be on retainer for a couple of years,looking for further acquisitions.
Adding more products to the insurance suite will gain momentum with TNR's sales channels.
The online "Cartopia" and digital loan approval system "AutoApp" means TNR are customer focussed.
The increase divie and the fact we can start to look forward to "fully imputed" divies is welcome.
Looking at those numbers makes me want to keep accumulating at these prices too!
Sorry the image is so terrible all, for those that can't see.
2012/13 had a net loss of 100k with a shareprice of $2.80
2014/15 had a net profit of 19 million with a shareprice of $3.20
2015/16 had a net profit of 21.6 million with a shareprice of (currently) $2.97
So either the sp was hugely overvalued then..... Or it's hugely undervalued now.
I'd suggest a mixture of both but under $3 tnr seems like a steal!
Looking at those numbers makes me want to keep accumulating at these prices too!
Sorry the image is so terrible all, for those that can't see.
2012/13 had a net loss of 100k with a shareprice of $2.80
2014/15 had a net profit of 19 million with a shareprice of $3.20
2015/16 had a net profit of 21.6 million with a shareprice of (currently) $2.97
So either the sp was hugely overvalued then..... Or it's hugely undervalued now.
I'd suggest a mixture of both but under $3 tnr seems like a steal!
When do you think it will break out of this 300 plus/minus a bit range?
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
An excellent presentation.
Again a must read for any shareholder, or anyone looking to invest in TNR.
Would some kind person please post the link to it.
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Originally Posted by Jinx
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