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

[Leftfield]

be a steady grind down in share price , slowing sales next year filter thru there whole business

Yep you should definitely change your name to 'Bear'

Disc - non holder watching from sidelines.

[Joshuatree]

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.

Do the decent thing and tell them about share trader and what your nick is.

[couta1]

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

Cars are a luxury yeah right, in NZ they are a lifestyle.

[percy]

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

I think Turners will see the huge benefits.
Perhaps they may then buy back another 5%...lol.

[bull....]

Yep you should definitely change your name to 'Bear'

Disc - non holder watching from sidelines.

just speaking reality, look back at my post in a year and your realise i am the speaker of truth lol

[minimoke]

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

Theres always that period of doubt when ones stop loss is hit and you sell out at a loss at $2.59. With todays SP action and a dry-up of willing buyers (only 3 at the moment looking for 11,000 shares in total) Im not so worried about the decision I made on the 20th.

[couta1]

just speaking reality, look back at my post in a year and your realise i am the speaker of truth lol

Or not.Lol

[couta1]

Theres always that period of doubt when ones stop loss is hit and you sell out at a loss at $2.59. With todays SP action and a dry-up of willing buyers (only 3 at the moment looking for 11,000 shares in total) Im not so worried about the decision I made on the 20th.

I'm not sure why people would choose to sell today, if they thought about it properly they would wait until the share buy back starts.

[minimoke]

I'm not sure why people would choose to sell today, if they thought about it properly they would wait until the share buy back starts.

Sharebuy back might start at $2.40 (or less depending how this trends over the next few days)

[Joshuatree]

Cars are a luxury yeah right, in NZ they are a lifestyle.

Thats true,alot of kiwis are living in them.