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

[winner69]

Seeing what happened to the share price during the day on Friday makes that first trade at 255 look even weirder than it did at the time.

[Beagle]

Regarding the buy-back. Don't forget that in recent years the company has issued a LOT of new shares so it makes sense to mop up some of the disaffected shareholders and there must be quite a few of them with the SP where it is.

My opinion is that Turners needs to be more disciplined with where they allocate their capital to get the best returns and endless issues of new shares to fuel growth doesn't work unless its eps accretive. Buy-back will help them be more focused on being more selective with capital works projects...which is a good thing in my opinion.

[minimoke]

Seeing what happened to the share price during the day on Friday makes that first trade at 255 look even weirder than it did at the time.

Lets see if todays $2.55 start makes a difference.

[winner69]

No buy back notices from Turners yet

[minimoke]

No buy back notices from Turners yet

At $2.50 - $2.55 I would have thought TRA would see this as cheap as chips and buying up large. They must be waiting for the SP to fall further.

[percy]

At $2.50 - $2.55 I would have thought TRA would see this as cheap as chips and buying up large. They must be waiting for the SP to fall further.

You could well be right.?

[couta1]

At $2.50 - $2.55 I would have thought TRA would see this as cheap as chips and buying up large. They must be waiting for the SP to fall further.

There you go 38k at $2.50, bye bye the first few reef fish.

[trader_jackson]

Should be buying again today... back to 3 buck in no time some say

[alex f]

Baker bought 100,000 @2.57 last week, right at the bottom.

[alex f]

There have been more repos being auctioned in Wellington, which could be a worry, as they maybe MTF cars . https://www.turners.co.nz/Cars/Used-.../c300/18324052