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- TRA - Turners Automotive Group [previously TNR - Turners Limited]
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01-03-2019, 12:06 PM
#4391
Think W69 would be the first to accept.!!..lol.
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01-03-2019, 12:07 PM
#4392
Originally Posted by Joshuatree
Are they using sleeping bags as offices? Im in the begging house with this stock atm.
Not far from you.
Could be said I am s''tting in the out house.!
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01-03-2019, 12:28 PM
#4393
Its the first of MArch so one month to go to achieve the 4.474m share buy back. Any one have any idea how many they have brought to date?
And we should take a moment to reflect on the wise word of our Directors
"“The Board believes that the purchase of shares, at current market prices, provides a return above thecompany’s cost of capital and will be value enhancing for shareholders. Turners is in a strong financialposition and the buyback is seen as an efficient use of capital while the share price remains below theintrinsic value of the business. It provides a means to return capital to shareholders, while benefitingthose who continue to hold shares in the company.”
That was dated 27 November 2018 when the SP was $2.51.Today it languishes at $2.15. A 14% loss in capital value so far.
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01-03-2019, 12:40 PM
#4394
2,339,462 so far.
With them buying at lot lower prices, I expect they will extend the buyback.
Last edited by percy; 01-03-2019 at 12:55 PM.
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01-03-2019, 12:42 PM
#4395
Minimoke ...dont we love this bit It provides a means to return capital to shareholders, while benefiting those who continue to hold shares in the company.
Seems that those who have sold are the winners .....and you, me, Percy etc are the big losers
Delusional Board and CEO, suppose we have to accept some responsibility for believing them.
At the top of every bubble, everyone is convinced it's not yet a bubble.
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01-03-2019, 12:43 PM
#4396
Originally Posted by percy
2,339,462 so far.
With them buying at lot lower prices, I expect tey will extend the buyback.
At current prices they could buy 5.2m shares
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01-03-2019, 12:45 PM
#4397
Originally Posted by winner69
Minimoke ...don’t we love this bit — It provides a means to return capital to shareholders, while benefiting those who continue to hold shares in the company.”
And one of the Directors had so much faith he sold rather than hold. That will be something worth questioning at the next meeting / AGM
Edit: in hindsight they might have been better off spending the money on a special dividend,
Last edited by minimoke; 01-03-2019 at 12:46 PM.
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01-03-2019, 12:45 PM
#4398
I've added some due to 4 1/2 years of consecutive growth
Tuners.JPG
For clarity, nothing I say is advice....
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01-03-2019, 12:51 PM
#4399
Your T/A has gone AWOL peat.
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01-03-2019, 12:58 PM
#4400
Originally Posted by Joshuatree
Your T/A has gone AWOL peat.
wasnt TA it was FA.
For clarity, nothing I say is advice....
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