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

[Joshuatree]

Yes im planning a weekend visit and it would be interesting to know what % goes to dealers.

[BlackPeter]

Still trying to use the TRA story to learn - and find the current "uplifting mood" on this thread quite interesting.

So - where are we?

SP lifted from a low of $2.14 to previous highs of $2.33 (but not higher). No higher highs;
Volume was throughout the bounce neglegible, low even for such an illiquid stock. No big buyer, no market support.
SP just scratched the MA50 and is ways below MA100 and MA200;

Looking at the trendline - the indicators for the current bounce look quite similar to the bounce around October last year (compare the blue potatoes with the red potatoes ;

InkedTRA190319.jpg

Similar SP bounce (obviously different start and end points), similar low volume and similar RSI shape and level.

While I wish holders all the best - I think there is a good chance the bouncing cat is dead ... not seeing any signs of market confidence.

But of course - they could come out tomorrow and telling us about this amazing upswing in the second hand car market - and up she would go ;

[percy]

I was in AutoDream the other day looking at a 2005 Nissan Bluedird done 16,303 klms.Idea was to replace the daughter's which has done 130,000klms.
Asked the salesman whether trade was a bit slow?.No "about nornmal."
Perhaps posters may have realised used car sales are "about normal."
Then again, if you read the link W69 gave post # 4670 page 312 on this thread,we know Turners developments produce great results,"The whole nine yards."
Even better to know this site is owned by Turners,and it will produce great results for years to come."Turners Corner".

[winner69]

Still trying to use the TRA story to learn - and find the current "uplifting mood" on this thread quite interesting.

So - where are we?

SP lifted from a low of $2.14 to previous highs of $2.33 (but not higher). No higher highs;
Volume was throughout the bounce neglegible, low even for such an illiquid stock. No big buyer, no market support.
SP just scratched the MA50 and is ways below MA100 and MA200;

Looking at the trendline - the indicators for the current bounce look quite similar to the bounce around October last year (compare the blue potatoes with the red potatoes ;

InkedTRA190319.jpg

Similar SP bounce (obviously different start and end points), similar low volume and similar RSI shape and level.

While I wish holders all the best - I think there is a good chance the bouncing cat is dead ... not seeing any signs of market confidence.

But of course - they could come out tomorrow and telling us about this amazing upswing in the second hand car market - and up she would go ;

Similar patterns bid 2017 ...before it kicked on to $3.80 ...need to consider the green potatoes

But the most important pattern in play at the moment is the perfect inverse bell curve one......looking good for $3.80 next year.

[stoploss]

I was in AutoDream the other day looking at a 2005 Nissan Bluedird done 16,303 klms.Idea was to replace the daughter's which has done 130,000klms.
Asked the salesman whether trade was a bit slow?.No "about nornmal."
Perhaps posters may have realised used car sales are "about normal."
Then again, if you read the link W69 gave post # 4670 page 312 on this thread,we know Turners developments produce great results,"The whole nine yards."
Even better to know this site is owned by Turners,and it will produce great results for years to come."Turners Corner".

Percy you sure that one hasn't been around the clock ?

[Beagle]

Percy you sure that one hasn't been around the clock ?

LOL I was thinking exactly that myself. 16,000 km's for a 14 year old car, what could possibly go wrong lol
But it will come with a "certified" odometer so it must be correct lol

[percy]

Percy you sure that one hasn't been around the clock ?

Yes,you cheeky blighters..
I brought mine new one with 19,500 klms and this one is in the same condition.Perfect.
Daughter's [my old one] still goes really well.

ps Neither you,or Beagle had any complaints when you rode in the old one...lol.

[percy]

I note we have had no share buy back announcements since 8th March.

[BlackPeter]

I note we have had no share buy back announcements since 8th March.

Funny coincident - 8th of March was the day the SP started to rise (though note my previous posts - on very weak volume).

Maybe buy backs not so good for the SP?

[Balance]

I note we have had no share buy back announcements since 8th March.

Could be because the company is now in possession of sensitive information (eg. trading update) which must be disclosed before any more trading by insiders is allowed - company being an insider.

[blackcap]

Could be because the company is now in possession of sensitive information (eg. trading update) which must be disclosed before any more trading by insiders is allowed - company being an insider.

Does the trading update not need to be announced as soon as the company is in possession of said information? Ie they cannot sit on it can they? Or have I got my rules mixed up. I thought if it was material immediate disclosure was required.

[BlackPeter]

Does the trading update not need to be announced as soon as the company is in possession of said information? Ie they cannot sit on it can they? Or have I got my rules mixed up. I thought if it was material immediate disclosure was required.

I think you are right.

[percy]

Funny coincident - 8th of March was the day the SP started to rise (though note my previous posts - on very weak volume).

Maybe buy backs not so good for the SP?

I think FNZC may have been buying more than the 30% traded.Some days it appeared to me they were buying close to 49% of the shares traded.

Perhaps they are now waiting for the number of shares traded to match the number they have already brought.?

[peat]

I think FNZC may have been buying more than the 30% traded.Some days it appeared to me they were buying close to 49% of the shares traded.

How do you know which broker is buying how much?

[percy]

FNZC are doing the buyback for Turners.

On 7th March 81,579 TRA shares were traded on market.
On 8th March Tra announced they had brought back 35,042 shares...or 42.95% of the shares traded,not 30%

On 5th March 48,722 TRA shares were traded on market.
On 6th March TRA announced they had brought back 23,000 shares or 47.20% of the shares traded,not 30%.

On 6th March 329,744 TRA shares were traded on market.
On 7th March TRA announced they had brought back 163,000 shares,or 49.43% of the shares traded.not 30%