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  1. #4111
    percy
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    Quote Originally Posted by Snoopy View Post
    That sounds like a strategy for the super patient. It is the digital age now and there is no reason why each individual car sale can't be put on a database in real time. It is only one step then to derive the profit from each sale and reward shareholders with a consummate micro-dividend worth fractions of a cent on each sale. Then you guys could sit glued to your internet bank accounts, potentially watching hundreds of TRA dividends come in per day.....

    SNOOPY
    You have a point.
    A few months ago I had Turners ads poping up all the time saying "Since you last looked Turners have brought another 100 cars."
    I did suggest to Todd, shareholders would much prefer "Since you last looked Turners have SOLD another 100 cars."!!..lol.

  2. #4112
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    Plenty of sellers behind the scenes at $2.33, none have been offered up at this price on the sell line.

  3. #4113
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    Quote Originally Posted by couta1 View Post
    Plenty of sellers behind the scenes at $2.33, none have been offered up at this price on the sell line.
    Yeah, I find it interesting that it is all happening behind the scenes too. That transaction of 180,000 was even more interesting.

  4. #4114
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    Quote Originally Posted by Mickey View Post
    Yeah, I find it interesting that it is all happening behind the scenes too. That transaction of 180,000 was even more interesting.
    No sp beside trade so was not done off market but rather in house by FNZC.

  5. #4115
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    Quote Originally Posted by couta1 View Post
    No sp beside trade so was not done off market but rather in house by FNZC.
    How do you know it was FNZN couta1? Or are you on one side of the trade?

  6. #4116
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    Quote Originally Posted by blackcap View Post
    How do you know it was FNZN couta1? Or are you on one side of the trade?
    Seemed logical since they are buying the shares back on market on behalf of TRA.

  7. #4117
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    Quote Originally Posted by couta1 View Post
    Seemed logical since they are buying the shares back on market on behalf of TRA.
    I doubt they would be buying 180,000 in one chunk. That said, lets wait till tomorrow to see how many they bought back. I'm pretty sure its not part of the buyback. Total volume today is about 274K shares. They do not want to buy more than about 1/4 or 1/3 of daily volume.

    That said it might still be FNZN or any other broker, but for a client and not TRA.

  8. #4118
    An Awesome Cool Cat winner69's Avatar
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    Baker topping up .....FNZC found a buyer for him

    Just speculation
    “In a roaring bull market, knowledge is superfluous and experience is a handicap.”

    –Benjamin Graham”

  9. #4119
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    Quote Originally Posted by winner69 View Post
    Baker topping up .....FNZC found a buyer for him

    Just speculation
    Well his dividend did come in today so he will have the $.

  10. #4120
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    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."
    Last edited by blackcap; 31-01-2019 at 09:17 AM.

  11. #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)

  12. #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)

  13. #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.

  14. #4124
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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 11:10 AM.
    “In a roaring bull market, knowledge is superfluous and experience is a handicap.”

    –Benjamin Graham”

  15. #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.

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