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  1. #3481
    Speedy Az winner69's Avatar
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    This picture shows what a disappointing performance looks like

    Turners Group made $0.3m more
    Buy Right Cars made $0.9m LESS
    Finance made $0.1m LESS
    Insurance made $0.3m more
    Property Profit of $3.5m a bonus
    EC Credit made $0.3m LESS
    Last edited by winner69; 27-11-2018 at 12:34 PM.
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

  2. #3482
    Speedy Az winner69's Avatar
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    They told Beagle at the AGM these MTF loans weren't a worry any more.

    From that picture

    Finance result materially impacted by impairment in the MTF non-recourse channel
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

  3. #3483
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    Quote Originally Posted by winner69 View Post
    This picture shows what a disappointing performance looks like

    Turners Group made $0.3m more
    Buy Right Cars made $0.9m LESS
    Finance made $0.1m LESS
    Insurance made $0.3m more
    Property Profit of $3.5m a bonus
    EC Credit made $0.3m LESS
    You sold out winner?

  4. #3484
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    Quote Originally Posted by couta1 View Post
    You sold out winner?
    Not yet .....waiting for the buyback to kick in in earnest (doesn’t start until Friday) ....and hoping like mad I’ll get more than 257

    Good gamble though ...just imagine if they had held of with this veiled profit downgrade....which was worse than Metro’s downgrade

    You never know in a day or so I might decide to hold forever ...like Metro things have to come right sometime
    Last edited by winner69; 27-11-2018 at 12:57 PM.
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

  5. #3485
    ShareTrader Legend Beagle's Avatar
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    Quote Originally Posted by winner69 View Post
    They told Beagle at the AGM these MTF loans weren't a worry any more.

    From that picture

    Finance result materially impacted by impairment in the MTF non-recourse channel
    Correction they tried to tell Beagle ….
    Dog's been around the block a few times and knows old non recourse loans hang around and impact for a long time...worse than your mother in law outstaying her welcome over the Christmas holidays. Those loans will keep biting in 2H and 1H FY20 as well....might be down to the tail of the ugly mutts by 2H FY20. You see that 8% of them are overdue Arrears in general up significantly this year compared to last year. Thing is this Labour Govt told us their new families package which kicked into effect 1 July 2018 was going to make a huge difference to families living standards...it probably has so they're buying new vehicles instead of second hand and why not with the interest free deals, long new car warranties and excellent fuel efficiency of smaller new cars these days. Sister in law bought a new Suzuki Swift on interest free terms a while back. Laughing all the way to the bank with fuel consumption of only 5.6L per 100 km's. Reckons the fuel savings help pay the car off.
    Last edited by Beagle; 27-11-2018 at 01:00 PM.
    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

  6. #3486
    ShareTrader Legend Beagle's Avatar
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    Quote Originally Posted by winner69 View Post
    Not yet .....waiting for the buyback to kick in in earnest (doesn’t start until Friday) ....and hoping like mad I’ll get more than 257

    Good gamble though ...just imagine if they had held of with this veiled profit downgrade....which was worse than Metro’s downgrade

    You never know in a day or so I might decide to hold forever ...like Metro things have to come right sometime
    You told me the other day that punting at the dog's was no good for you or the dog's. You were right and should have known better mate
    Last edited by Beagle; 27-11-2018 at 01:19 PM.
    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

  7. #3487
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    Quote Originally Posted by Beagle View Post
    You told me the other day that punting at the dog's was no good for you or the dog's. You were right and should have known better mate
    Those sort of dogs that don’t consistently perform are ‘retired’ ....ie taken out the back and put to sleep

    Maybe some Turners management need to retire.
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

  8. #3488
    ShareTrader Legend Beagle's Avatar
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    Quote Originally Posted by winner69 View Post
    Those sort of dogs that don’t consistently perform are ‘retired’ ....ie taken out the back and put to sleep

    Maybe some Turners management need to retire.
    Directors huge fee increase obviously a factor in lowered guidance isn't it !
    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

  9. #3489
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    As dodgy as some of their motors

  10. #3490
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    Quote Originally Posted by percy View Post
    Don't know about brave.
    Looking rather foolish at present.
    Neither buying or selling.
    Hi Percy, I do not think you look foolish at all. You have made so many excellent call on companies which were under valued.
    One should be able to trust the information a public companies give out.

    I think in TRA case it is the body language of the deputy Chair at the AGM and the lack of a Chairman at the AGM which gives away that things are not the way with this company as they are trying to project.

    Brian Gaynor had a story about FBU in the weekend and stated that the lack of energy of board members was a problem for FBU.
    Sadly TRA chairman not turning up at a number of meetings must be the ultimate of lacking energy for the roll he is paid for.

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