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  1. #3611
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    Quote Originally Posted by blackcap View Post
    at $2.47. Looks like he likes picking bottoms

    https://www.nzx.com/announcements/327595
    I reckon he almost picked it purrfectly.

  2. #3612
    ShareTrader Legend Beagle's Avatar
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    Quote Originally Posted by couta1 View Post
    I reckon he almost picked it purrfectly.
    Woof, woof That and the $10m+ share buy-back starting tomorrow might just be the catalyst this needs to get it going. Fuel prices have come back heaps too. Got a fill of 91 octane fuel today inclusive of Cindy's 11.5 cent per liter new Auckland tax rort at just $1.99 per liter ! Might actually start to enjoy my motoring now
    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

  3. #3613
    Speedy Az winner69's Avatar
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    Quote Originally Posted by couta1 View Post
    I reckon he almost picked it purrfectly.
    What they say about averaging down?
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

  4. #3614
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    Quote Originally Posted by winner69 View Post
    What they say about averaging down?
    I believe it is "losers average losers" - Paul Tudor Jones

    But it's good to see Grant finally put his directors fees to good use.

  5. #3615
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    Quote Originally Posted by McGinty View Post
    I believe it is "losers average losers" - Paul Tudor Jones

    But it's good to see Grant finally put his directors fees to good use.
    I think it shares moving to people who know the real value of a company,from people who do not.

  6. #3616
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    Quote Originally Posted by percy View Post
    I think it shares moving to people who know the real value of a company,from people who do not.
    Exactly, why else would you buy another 100k shares when you already have 6 mill of them if you didn't believe the share is undervalued.

  7. #3617
    Speedy Az winner69's Avatar
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    Go Turners ....one of the stars of the NZX today ...but not as good as Metro Glass my other punt last week for a quick win.

    Getting closer to breakeven (suppose most of us are under water) .... and heck seeing everybody wants a share of the action I might even get my 25% quick win ...OK I'll settle for 20%


    Investing in WINX.ASX seems a lot safer in these turbulent times
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

  8. #3618
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    Quote Originally Posted by couta1 View Post
    Exactly, why else would you buy another 100k shares when you already have 6 mill of them if you didn't believe the share is undervalued.
    He bought at $2.47 which sets the value for the 6m other shares. He's no doubt hoping that this send a message to market to increase value above $2.47 or at least to slow the tumble Didnt work last time. Bought in July at $3.03. Bought in June at $3.03

  9. #3619
    percy
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    Quote Originally Posted by minimoke View Post
    He bought at $2.47 which sets the value for the 6m other shares. He's no doubt hoping that this send a message to market to increase value above $2.47 or at least to slow the tumble Didnt work last time. Bought in July at $3.03. Bought in June at $3.03
    Bit like the electric skillet I brought last Friday for $40.00 at Briscoes.
    It was the same skillet I looked at on Thursday priced at $99.99.
    I think Grant Baker knows the real value of Turners shares, and I expect it would be well north of $3.03.
    Must admit I agree with him.

  10. #3620
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    Quote Originally Posted by percy View Post
    Bit like the electric skillet I brought last Friday for $40.00 at Briscoes.
    It was the same skillet I looked at on Thursday priced at $99.99.
    I think Grant Baker knows the real value of Turners shares, and I expect it would be well north of $3.03.
    Must admit I agree with him.
    Briscoes been working those sort of false discounts for a very long time. Basically if you pay full retail you get completely rorted and even on their super big discount days they're still doing extremely well out of you. Lets hope with the shares that Grant Baker knows the real value of said skillet https://www.kmart.co.nz/product/electric-frypan/871301 $35
    $3.20 x 35/40 = $2.80 = probably about fair value for Turners in my opinion
    P.S. Doesn't really seem to matter what the product on sale at Briscoes is and what super special they're claiming it to be, its almost always cheaper at K Mart.
    Rod Duke is pretty cunning with his discount claims isn't he !
    Last edited by Beagle; 29-11-2018 at 03:23 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

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