- Forum
- Markets
- NZX
- TRA - Turners Automotive Group [previously TNR - Turners Limited]
-
21-02-2019, 06:55 PM
#4171
Originally Posted by winner69
Nobuy backs for a while .....
Where did you see that Winner? Or are you just looking at the lack of recent in house buyback disclosure, the much lower share volume traded today, and the fact that the share price has sunk below the recent buyback price as your proof?
SNOOPY
Watch out for the most persistent and dangerous version of Covid-19: B.S.24/7
-
21-02-2019, 06:57 PM
#4172
https://www.marketscreener.com/TURNE...14/financials/
Analyst average forecast decline in eps for FY19 is 8% and declining again in FY20 by another 7% Ouch !
On track alright...to trade at under $2, you read it from this dog first.
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
-
21-02-2019, 07:04 PM
#4173
Originally Posted by Snoopy
Where did you see that Winner? Or are you just looking at the lack of recent in house buyback disclosure, the much lower share volume traded today, and the fact that the share price has sunk below the recent buyback price as your proof?
SNOOPY
Last notice was the 11th
If I remember right that was for a rather big buyback day ...maybe they have exceeded the stated ratios and waiting to catch up.
When investors are euphoric, they are incapable of recognising euphoria itself
-
21-02-2019, 08:00 PM
#4174
Originally Posted by Beagle
Two analysts?
They like you should be prepared to be surprised.
This year I am not sure of,however, the foundations have been laid for a cracker next year,which will set the tone for following years.
-
21-02-2019, 08:08 PM
#4175
Originally Posted by winner69
Last notice was the 11th
If I remember right that was for a rather big buyback day ...maybe they have exceeded the stated ratios and waiting to catch up.
You may be right.
I thought the same.
-
21-02-2019, 08:29 PM
#4176
Originally Posted by Beagle
The same two analysts who Turners used to support their argument that the shares were very much undervalued .... remember AGM when they said they agreed with analysts outlook etc ....and loved the $3.32 consensus value ...and so a buyback
Seems one of those analysts have a target of $2.70 now
But problem with analysts is that their guess are all based on assumptions ...you know the sort of rubbish in rubbish out ones ....they just don't understand what clipping the ticket means. Take their forecasts at your peril
When investors are euphoric, they are incapable of recognising euphoria itself
-
21-02-2019, 09:10 PM
#4177
Originally Posted by percy
Two analysts?
They like you should be prepared to be surprised.
This year I am not sure of,however, the foundations have been laid for a cracker next year,which will set the tone for following years.
Downgrades come in three's. TA continues to look shocking. Be careful out there folks.
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
-
21-02-2019, 09:13 PM
#4178
Be greedy when others are fearful.............Warren Buffett.
-
21-02-2019, 09:33 PM
#4179
Originally Posted by percy
Be greedy when others are fearful.............Warren Buffett.
Far be it for me to question Warren Buffet's words of wisdom Perc.
However I do feel that he meant for some thought before leaping in.
Sold out July 16 @ $3.05 at a lose. Have no intention of getting back in whilst it is on this present decline.
Not fearful. Just careful.
-
21-02-2019, 09:37 PM
#4180
Basic TA skills should serve investors well here. Those tempted to consider reentry after such a long and steady decline would do well to ameliorate their risk by waiting for the shares to break back above the 100 day moving average line which would appear to currently be $2.57.
These shares will be a good dividend yield play one day... when they start a new uptrend.
Last edited by Beagle; 21-02-2019 at 09:41 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
Tags for this Thread
Posting Permissions
- You may not post new threads
- You may not post replies
- You may not post attachments
- You may not edit your posts
-
Forum Rules
|
|
Bookmarks