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

[Hoop]

Hi DSurf,

I commend you on the mildness of your opinion on this. I'd love to hear your real views.

by the way is DPC short for Dopes Performing Cluelessly?

So you lot say that Byrnes it a dope and his DPC personal buys are clueless ?
Hmmmm....

[Billy Boy]

So you lot say that Byrnes it a dope and his DPC personal buys are clueless ?
Hmmmm....

Not all of us hoop old son
I,ve been accumulating, small but steady.
BB

[Dr_Who]

Not all of us hoop old son
I,ve been accumulating, small but steady.
BB

I am in the same boat. I am not concern on short term price weakness. If we go down, Brynes, HG and St La will go down also. They have much more to lose than my very small holding.

[mskv]

My only problem is with Byrnes buying , is that unless he is breaking the insider trading laws he is actually confirming to the market that nothing is going on at DPC. Buying could be seen as a criticism of DPC's management and his own Board

Does that mean that they:
Don't have a buyer for Equity
Don't have alternative funding
Can't complete the St Laurence deal (remember they had some option to buy another 25%)
No business strategy

I'm with Dsurf the current management is nothing short of an expensive receiver

[Dr_Who]

Buying could be seen as a criticism of DPC's management and his own Board

What?? Why would someone buy as a criticism of the board?

[mskv]

He is criticising the board I am

[lewinsky]

Brynes being buying at 80cents and the price is now 47 cents. mmmmmmmmmmmmm.
He may have been better buying NZO or taking out a DPC unsecured convertible note.
If something is happening behind the scenes I'm with mskv.

[Balance]

Let's review what happened.

BK sold his shareholding to Bridgecorp in a deal which was censured by the NZX.

BK started buying back into DPC at over $2.00, trying to regain control.

BK could not regain control, start criticising the company whilst he sold out of his shareholding at ever lower prices.

We are missing something here, geniuses?

[lewinsky]

I think that line 3 is incorrect.
I see no evidence of BK buying more at $2.
His remaining shares were tipped into Viking.
They have been selling.
They are also carrying a massive book loss on their holding.
So I can understand why BK is grumpy.
If Byrnes hadn't been buying I wonder what the share price would be?

[James Bond]

It appears to me that Byrnes is only delaying the inevitable, Zero.
DPC have no business strategy, inept management, and I only own a few shares of DPC so i can attend their AGM. Its amongst some of the best comedy you can get and the clowns are up centre and in front on what they call the Board Table. Thoroughly recommend it to you all, my only issue is that they only serve tea at the end not Martini's (shaken not stirred).