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

[couta1]

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

Low liquidity stock with a lot of shares to buy back coming from rats and mice sellers in the main equals a higher SP in my book.

[winner69]

Thats true,alot of kiwis are living in them.

Very good JT ....but a Wgtn City councillor wants them classified as freedom campers, esp the 32 living along Oriental Parade with tremendous sea views

[minimoke]

Low liquidity stock with a lot of shares to buy back coming from rats and mice sellers in the main equals a higher SP in my book.

Dead right. Might see SP lift from $2.40 to $2.50

[hardt]

Just bought in at 255.

This stock is priced for 0 growth.

I never really liked TRA previously but it looks cheap and pays a divi + buybacks incoming so thought I'd give it a go.

[peat]

if the markets really against the stock then being a buyer of last resort might be a bit of a thankless task in the short term.
I think of it in terms of say the Bank of England vs Soros , or more recently when the Swiss dropped their peg to the Euro.

Holder at average just under 3
Patient. Possibly consider some more at these prices

Do Turners sell double cabs? I see so many of them here

[winner69]

Beagle - I see on Slide 8 of their presentation they do show a thing called Underlying NPBT (up 3%) which doesn’t into account property sales profits.

Implies they recognise such things as property profits as not entirely normal or at least something that causes lumpiness in earnings

One thing though - this time next year they can do the Underlying NPBT trick and show growth from there (assuming they won’t have a $3.5m property windfall). Sneaky eh

[LAC]

Today is the day, that yesterday we worried about, and all is well.!
Looking forward to owning an even lager slice of the cake.

mmmm profit downgrade 5-10% on forecast, braver man than I, Percy....

[winner69]

The tWHO'S TELLING PORKIES ABOUT CAR SALES?

http://www.sharechat.co.nz/article/4...car-sales.html

Interesting October was dreadful month

[percy]

mmmm profit downgrade 5-10% on forecast, braver man than I, Percy....

Don't know about brave.
Looking rather foolish at present.
Neither buying or selling.

[Marilyn Munroe]

The tWHO'S TELLING PORKIES ABOUT CAR SALES?

http://www.sharechat.co.nz/article/4...car-sales.html

Interesting October was dreadful month

The article linked backs up my post yesterday that the new car market is glutted and is consequently sucking oxygen from the used car market.

Boop boop de do
Marilyn