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

[RTM]

Not going to wait too long for that $2.25 share price ....that will come soon

We’ll both be happy then ....you’ll be back in profit as well as collecting divies and I’ll be rapt taking my quick 25% profit.

I'm really hoping you mean 3.25.... That will make me happy.

[Beagle]

Chart tells me it’s oversold and about to spike

RSI does indicate that but is that because they're about to deliver a shocker ? I guess you can draw some comfort from their forecast and their continuous disclosure requirements although how good their governance is when the chairman doesn't have the courage to even show up at the annual meeting and face the music (barking), is anyone's guess. Its cheap on a PE basis and gross yield I'll give you that, but the question is, is it cheap for a reason and is the board dysfunctional ? (deputy chair looked for all intents and purposes like he'd been thrown a hospital pass at the very last minute when chairing that meeting).

[winner69]

I'm really hoping you mean 3.25.... That will make me happy.

Shucks ...$3.22 to be precise ....early December

When’s next divie ...not that I collect divies

[percy]

Shucks ...$3.22 to be precise ....early December

When’s next divie ...not that I collect divies

End of January.4 cps.
I find my growing collection of divies most rewarding.
In fact I would go so far as to say "i love them."

ps.I wonder if this time next week Beagle will be back in love with TRA.?...............lol.

[winner69]

RSI does indicate that but is that because they're about to deliver a shocker ? I guess you can draw some comfort from their forecast and their continuous disclosure requirements although how good their governance is when the chairman doesn't have the courage to even show up at the annual meeting and face the music (barking), is anyone's guess. Its cheap on a PE basis and gross yield I'll give you that, but the question is, is it cheap for a reason and is the board dysfunctional ? (deputy chair looked for all intents and purposes like he'd been thrown a hospital pass at the very last minute when chairing that meeting).

I’ll enjoy the bit in the announcement that reads -

Chairman Mr Grant Baker, speaking from Switzerland, says the half year result beats our own high expectations and demonstrates that we have a robust integrated business to make Turners a great business.

[percy]

I’ll enjoy the bit in the announcement that reads -

Chairman Mr Grant Baker, speaking from Switzerland, says the half year result beats our own high expectations and demonstrates that we have a robust integrated business to make Turners a great business.

I would be happy if Deputy Chair Paul Byrne, speaking on behalf of Chair Grant Baker, who is doing charity work in Bangladish,confirmed Turners business strategy is "well positioned."...

[minimoke]

End of January.4 cps.
I find my growing collection of divies most rewarding.
In fact I would go so far as to say "i love them."

ps.I wonder if this time next week Beagle will be back in love with TRA.?...............lol.

I am really at a loss on why you enjoy these divies so much. While you are enjoying 6% divies your capital has reduced 22% in the past 12 months. Every month your capital is being severely eroded. It looks like you would be better off to have the cash in your bank and make a withdrawal every quarter. That way you get some cash as well as a small erosion in capital - offset by any interest gained from your account.

[Beagle]

I’ll enjoy the bit in the announcement that reads -

Chairman Mr Grant Baker, speaking from Switzerland, says the half year result beats our own high expectations and demonstrates that we have a robust integrated business to make Turners a great business.

LOL I think that's where he was at the last annual meeting. Probably saw the institutional voting and proxies and knew he was getting the increase and was relaxing in his lakefront villa looking out over lake Geneva thinking I don't need to front that angry Beagle...just let him bark his head off and let the poor deputy chair face the music.

[percy]

I am really at a loss on why you enjoy these divies so much. While you are enjoying 6% divies your capital has reduced 22% in the past 12 months. Every month your capital is being severely eroded. It looks like you would be better off to have the cash in your bank and make a withdrawal every quarter. That way you get some cash as well as a small erosion in capital - offset by any interest gained from your account.

Yes but since GFC my capital has increased about 400%.

[Beagle]

I am really at a loss on why you enjoy these divies so much. While you are enjoying 6% divies your capital has reduced 22% in the past 12 months. Every month your capital is being severely eroded. It looks like you would be better off to have the cash in your bank and make a withdrawal every quarter. That way you get some cash as well as a small erosion in capital - offset by any interest gained from your account.

The shares are actually down more than 33% from their high ~ 12 months ago. Some people who have held the whole way have to keep telling themselves the long term story is great. Others took measures to mitigate their losses and are taking a more realistic view on Turners prospects. I leave you to judge who you think is more sensible.