 - Forum
- Markets
- NZX
- TRA - Turners Automotive Group [previously TNR - Turners Limited]
-
09-02-2021, 07:34 PM
#6531
 Originally Posted by Beau
Trading back down below where it was prior to upgrade announcement, CMO trading update doesn’t appear to give any strength to TRA.
No worries. Trading just above a 10 p/e and dividend yield just over 7% at current share price. In today's low yield environment you can't go wrong. Salt still selling down? For every seller is a buyer..
-
09-02-2021, 08:40 PM
#6532
Member
Originally Posted by Rawz
No worries. Trading just above a 10 p/e and dividend yield just over 7% at current share price. In today's low yield environment you can't go wrong. Salt still selling down? For every seller is a buyer..
My thoughts exactly, with all these extra returnees coming home most need a car and not all in a position to buy new. Got to be good extra business for Turners.
-
09-02-2021, 08:51 PM
#6533
Originally Posted by Rawz
No worries. Trading just above a 10 p/e and dividend yield just over 7% at current share price. In today's low yield environment you can't go wrong. Salt still selling down? For every seller is a buyer..
Why would salt exit, or sell down, if they thought they could make an upside from here?
-
09-02-2021, 08:53 PM
#6534
Originally Posted by Baa_Baa
Why would salt exit, or sell down, if they thought they could make an upside from here?
They might see more upside in other investments. OCA, HGH or ATM or something else........ Who knows, just keep buying haha.. Not financial advice and DYOR
-
09-02-2021, 08:59 PM
#6535
Originally Posted by Baa_Baa
Why would salt exit, or sell down, if they thought they could make an upside from here?
Everyone has a reason. You can look at any well performing share like MFT, RYM, FPH etc over the last 10 years and ask why did anyone sell.. yet $millions worth of shares sell (and buy) each day, month, year.
Last edited by Rawz; 09-02-2021 at 09:01 PM.
-
09-02-2021, 09:06 PM
#6536
Originally Posted by Ggcc
They might see more upside in other investments. OCA, HGH or ATM or something else........ Who knows, just keep buying haha.. Not financial advice and DYOR
Maybe, who knows, but don’t ignore the money imo. Follow it but don’t ignore it. What the funds do is dyor, watch it
Reef fish feed off the detritus of the apex predators, they circle out of range of the large teeth and pickup the scraps left behind.
When the apex predators move to a different target, take notice.
Just saying
-
10-02-2021, 08:42 AM
#6537
Seems as though the fund (whoever that's selling) is in a hurry to dump their holdings at any price.
-
10-02-2021, 09:31 AM
#6538
Originally Posted by Baa_Baa
Maybe, who knows, but don’t ignore the money imo. Follow it but don’t ignore it. What the funds do is dyor, watch it
Reef fish feed off the detritus of the apex predators, they circle out of range of the large teeth and pickup the scraps left behind.
When the apex predators move to a different target, take notice.
Just saying
Originally Posted by sb9
Seems as though the fund (whoever that's selling) is in a hurry to dump their holdings at any price.
Worthwhile comments.
We should not forget that it is hardly possible for a fund to sell a larger holding on the down leg (because this would crash an already weakened SP). The only sensible way for them to dispose a large holding is on the way up (obviously - as close to the peak as possible  :
How much did the TRA board say their share is worth (while it was dropping)? I think we exceeded this number already ...
----
"Prediction is very difficult, especially about the future" (Niels Bohr)
-
10-02-2021, 09:52 AM
#6539
Originally Posted by BlackPeter
Worthwhile comments.
We should not forget that it is hardly possible for a fund to sell a larger holding on the down leg (because this would crash an already weakened SP). The only sensible way for them to dispose a large holding is on the way up (obviously - as close to the peak as possible :
How much did the TRA board say their share is worth (while it was dropping)? I think we exceeded this number already ...
They kept telling us a few years ago the shares were worth in excess of $3 and the directors were buying at the price
Allow for a couple years of improved performance and the current ‘lowest interest rates ever’ (or whatever the popular phrase is) surely that $3 must be $4 by now.
Company buyback was around $2.50/$2.70 I think (maybe lower?)
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
-
10-02-2021, 10:01 AM
#6540
Shares seem very sound value to me. Compelling metrics, strong tailwinds in the sector and if they can pay 20 cps fully imputed next year that's a forecast FY22 gross yield of 8.8% at $3.15 with the bonus of quarterly dividend payments. I'm a happy holder.
Based on the mid point of their FY21 forecast that's ~ 29 cps share so FY21 PE is just 10.9 !
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
|
|
Reply With Quote
Bookmarks