- Forum
- Markets
- NZX
- TRA - Turners Automotive Group [previously TNR - Turners Limited]
-
27-11-2018, 10:18 AM
#3451
Originally Posted by winner69
Neighbour came over to have a coffee but really wanting to know what a share buy back was
I just said that’s when a company buys shares from the likes of you and your mates because they think they are too cheap and should be worth more. If you wait long enough they might even buy yours back at $3.20 (what he and his mates paid for them)
That’s good they keen to buy them he said because nobody else wants to buy them ....and he/they might hang in there a bit longer. I didn’t bother answer his question ‘Do they use our money to buy these shares back? ...that was all too hard. They still worried they still under water with Oceania and feel that’s a dud as well.
You can reassure your neighbor that oceans of money will flow from owning Oceania long term...tailwinds for Africa...can't go wrong.
Every dog has its day...just got to be patient to wait for TRA to bark. The usual suspect tells us everything is fine and dandy...what could possibly go wrong lol
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
-
27-11-2018, 10:19 AM
#3452
Originally Posted by trader_jackson
I did not expect such a violent share price reaction downward... given TRA had already been trending downward post FY results... The HF results were not good, nor bad
Should have converted my bonds back to cash and invested in ARV
Metros result was not good, nor bad either and see what happened there
Profits boosted by a lumpy one off gain when balance of business going backwards not good
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
-
27-11-2018, 10:20 AM
#3453
HaHa love the panic merchants work, advantage of having an XXXOS holding is you know you can't sell unless you want to settle for $2 a share.Lol
-
27-11-2018, 10:22 AM
#3454
Originally Posted by minimoke
At $2.57 it brings it down to $11.3m. Still a bit of cash to find
Buying back 4,474,000 shares at $2.57 would require $11.498 mil.
Cost of funding at 5% would be $574,909 which would be deductable.
Savings on dividends, which are paid from after tax profit would be $738,210.
-
27-11-2018, 10:26 AM
#3455
be a steady grind down in share price , slowing sales next year filter thru there whole business
one step ahead of the herd
-
27-11-2018, 10:26 AM
#3456
Hey Beagle - was this the answer to the question you asked atbthe AGM that they deftly avoided answering (ie subtly told you to go away)
• Impairments on higher risk lending categories has been worse than expected.
A few points in the presentation seem to be at odds at what was said at road show and AGM presentations
Last edited by winner69; 27-11-2018 at 10:28 AM.
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
-
27-11-2018, 10:30 AM
#3457
Originally Posted by bull....
be a steady grind down in share price , slowing sales next year filter thru there whole business
Pure guesswork and fearmongering bull, oil prices plummeting equals more cash to buy cars.PS-This business has many strings to it's bow.
-
27-11-2018, 10:34 AM
#3458
Originally Posted by percy
Buying back 4,474,000 shares at $2.57 would require $11.498 mil.
Cost of funding at 5% would be $574,909 which would be deductable.
Savings on dividends, which are paid from after tax profit would be $738,210.
sounds a bit liek a Briscoes add where you can spend $60 to save $40 on a $100 frypan.
There is a line missing though
Buying back 4,474,000 shares at $2.57 would require $11.498 mil.
Cost of funding at 5% would be $574,909 which would be deductable.
Expenses go up, profit goes down. Dividend reduces
Savings on dividends, which are paid from after tax profit would be $yet to be calculated
-
27-11-2018, 10:35 AM
#3459
Originally Posted by couta1
Pure guesswork and fearmongering bull, oil prices plummeting equals more cash to buy cars.PS-This business has many strings to it's bow.
no lower oil and petrol prices help pay for increased rents , rates , food etc etc etc also slowing property market affects car purchases big time. cars are a luxury buy so they get ditched first when things slow down
one step ahead of the herd
-
27-11-2018, 10:36 AM
#3460
Originally Posted by couta1
HaHa love the panic merchants work, advantage of having an XXXOS holding is you know you can't sell unless you want to settle for $2 a share.Lol
in 1967/69 I was working for ChCh Ford dealer Hutchinson Motors.
I think it was 1968 we had a drought in Canterbury.The four tractor salesmen sold one tractor between them.!
In 1974 The Labour Govt tightened Credit conditions.No finance company had funds for car loans.Dealers formed MTF.
So good years/bad years are the norm in the car sales market.Yet I know of a lot of extremely wealthy car dealers.
Having shares in the only fully veterically intergrated business in this sector;ie property,vehicle sales,finance,insurance,service and end of life means Turners are "well positioned" to weather any slow down in vehicle sales,and take advantage of any opportunities.I note further increase in their national footprint of vehicle sales sites,as well as an additional 120 new dealers added to Oxford Finance's dealer network.
Tags for this Thread
Posting Permissions
- You may not post new threads
- You may not post replies
- You may not post attachments
- You may not edit your posts
-
Forum Rules
|
|
Bookmarks