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

[Ears]

I said it was not his fault that the finance industry is stuffed!

Sure, getting into property was bad timing, but at least he got out of the car business. King sold DB, didn't get out of the car business & was responsible for growth, well below the industry average.

Whats important now, is the future. What do you see?

[dsurf]

A company with fixed outgoings and a lack of transparent ongoing earnings. It need to change at board level & be recapitalised to survive in it's own right.

Would be amusing to see BK buy the company back for around 10c a share!

[Nitaa]

A company with fixed outgoings and a lack of transparent ongoing earnings. It need to change at board level & be recapitalised to survive in it's own right.

Would be amusing to see BK buy the company back for around 10c a share!

This would not suprise me except if he paid 10 cps. More like 1 cps

[Ears]

I would be surprised if BK could afford much more than 1 cent per share. VIK seems to have poured his money into a bottomless pit in BIO.

[lewinsky]

BK sells DPC shares to Bridgecorp for $4.00 a share.
BK sells his holdings in DPC to VIK for around $2.00 a share in a float that sees him get a great remuneration package.
VIK looking to raise $20 million through Viking Bonds.
BK continues to slam DPC CEO and Board thus causing share price to stay low.
BK butys back DPC at substantially lower price than NTA?
Cofffee may have been a bit strong this morning.
LEW.

The Teflon King strikes again??

[Dr_Who]

The Teflon King strikes again??

If tBK can get STL and HG to sell they DPC is his to the taking. What a bargain!

[POSSUM THE CAT]

Anyone prepared to start a shareholders resolution to have all or most of board members stand for relection? Especially the Chairman?

[Dr_Who]

Anyone prepared to start a shareholders resolution to have all or most of board members stand for relection? Especially the Chairman?

You have my vote!

Read the chairman's comments in the papers today.

Dorchester chief defends decision over St Laurence :mad::mad:
http://www.stuff.co.nz/4511416a13.html

[Ears]

Never mind. we have... Senate Collections Ltd

One of the new business opportunities, which leverage the company's existing expertise and infrastructure!

[mskv]

[QUOTE=The Good Oil;198127]MSKV, you sound like you know somthing we mere mortals dont?
How big are these loans?
Are they problimatic?
Could it just be normal loans, repaid at maturity, creating No issues?

No more knowledge than the rest of you. I was commenting on information previously talked about on this thread. Apparantly they are problematic.