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

**percy** · 30-11-2018, 04:28 PM

Originally Posted by minimoke

I think that is extremely improbable. best high over the past two years was $3.90. Directors and management still the same. All they have done is drive SP lower.

I do however expect these manipulations to create an SP enhancement.

I totally disagree.
Directors has seen Turners grow their Auckland business by buying Buy Right Cars.Would have taken years to have reached the scale of operation had they not done so,without that acquisition.We have seen then bulk up finance and insurance.Very big deals.A lot of solid foundations laid over the past couple of years.
Strategy is sound and is working,and gaining momentum.

**minimoke** · 30-11-2018, 04:29 PM

Originally Posted by toddhunter

Turners will only buy back Shares through NZX’s trading/order matching system and during normal trading hours (i.e. there will be no off-market transactions).
Shares will not be purchased at a price which is more than 10% above the average closing price for Shares on the NZSX over the previous five trading days.
Turners will not take part in the opening transaction on a trading day.
it is intended that the purchases by Turners over a one week period will not exceed 30% of the volume of Shares traded over that one week period.

Heres the plan. Stump up $100,000 today and mop up all those shares today at $2.60 and less. Month closes nicely for shareholders and sets a tone for next month.

Or for another $35k take it to $2.68

**minimoke** · 30-11-2018, 04:31 PM

Originally Posted by percy

I totally disagree.
.

Disagreement is fine. The charts tell the story.

**percy** · 30-11-2018, 04:33 PM

Originally Posted by minimoke

Disagreement is fine. The charts tell the story.

Again I disagree.
Solid progress in their business strategy will see the charts turn up.

**Beagle** · 30-11-2018, 04:36 PM

Originally Posted by percy

Again I disagree.
Solid progress in their business strategy will see the charts turn up.

You've been saying that for a long time now. Great free lesson for people here on technical analysis. Ignore the charts at your peril !

**percy** · 30-11-2018, 04:40 PM

Different objectives.
A trader will buy/ sell on charts.
An investor will look at the business and buy long term.
Turners suits me as a long term investment.I like their business model.
Can you see someone like Greg Tomlinson looking at OCA or HGH's charts?
Most probably $80 mil plus invested in those two companies.
He made his money investing.
I have never heard of Warren Buffett,Peter Lynch,John Templeton etc making a buying decission on charts,

**minimoke** · 30-11-2018, 05:17 PM

Originally Posted by minimoke

Heres the plan. Stump up $100,000 today and mop up all those shares today at $2.60 and less. Month closes nicely for shareholders and sets a tone for next month.

Or for another $35k take it to $2.68

Hmm, TRA didn't like my cunning plan. I wonder what else they have up their sleeve.

**winner69** · 30-11-2018, 05:49 PM

Well that was a bad week for me with Turners ...no 25% gain likely and looks like it will a long time to get back to breakeven (257)

On the other hand things looking good with Metro Glass ....now in profit and if that huge crossing at 55 after the close of what’s going to happen next week i’ll Be rocking.

**percy** · 30-11-2018, 05:56 PM

Originally Posted by winner69

Well that was a bad week for me with Turners ...no 25% gain likely and looks like it will a long time to get back to breakeven (257)

On the other hand things looking good with Metro Glass ....now in profit and if that huge crossing at 55 after the close of what’s going to happen next week i’ll Be rocking.

Always sell your losers and buy more of your winners.....lol.