What do you expect from a self centred delusional Board and Management Team?
Mind you they seduced a few punters last year ..,sucked them in good and proper
OMG ...my be nice to everybody day has just ended
You taking about the national roadshow where they preached relentless positivity all the time knowing they had just experienced a really slow Q1 that they outright flat refused to disclose despite a certain dog asking them straight out how Q1 had gone ?
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
The January 4 cents dividend has been paid.Went into my bank account on 30th January.
I expect "anytime" Turners will announce the details of the April dividend.
I also expect that Turners will announce their full year result in late May.
They do realise that it is important to keep shareholders up to date. I am sure the update must come now any day (any hour?) ...
Something simply does not add up with the lack of update from TRA imo.
(i) Share price has fallen 17% since the share buyback was announced.
(ii) Fall could conceivably be more if the share buyback was not in place.
(iii) Why has TRA only bought 60% of the share buyback if it is so undervalued (by the directors' reckoning).
(iv) One of the directors actually decided to sell a few of the 'undervalued' shares into the share buyback! Joining Milford who decided to take advantage of the share buyback to unburden themselves of a few of said 'undervalued' shares!
(v) No dividend announcement post 31 March vs previous years.
Old timer cautioned me years ago to be wary of companies who are quick to announce 'good' news but tardy when there is bad news!
Hmm Add to that For Bar introducing them as an Emerging Company when they have been around for years. Seems like a bit of dressing up. Was mentioned at the time. Ducks are lining up for an ugly result.
Hmm Add to that For Bar introducing them as an Emerging Company when they have been around for years. Seems like a bit of dressing up. Was mentioned at the time. Ducks are lining up for an ugly result.
Stop loss now in place and ready to be triggered
Glad did not get into this one but been obviously keeping an eye on this stock after making a few $$$ off the Baker Boys efforts in 42 Below and Trilogy.
One thing I must admit I was wary of is this business of 'clipping' the ticket many times - the finance and insurance industries have had a habit of blowing the gasket from time to time, especially when the 'growth' machine stalls. Bad debts have a nasty habit of emerging when hard times strike.
And the car industry is certainly going backwards after enjoying good growth over the last 5 years - let's see how TRA handles the reverse cycle, especially with the acquisitions they have made in recent years.
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Originally Posted by winner69
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