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

[Snoopy]

No brain fade here.Just you did not use your imagination.!!!!
Have a 1 for 10 share consolidation,or a 10 for 1 bonus issue the important issue remains the market cap,which in DPC is still under $170mil.

Ah, OK Percy I see your point. But Dorchester is not consolidating or expanding an existing share base, which as you rightly say has no effect on the market capitalisation.

Dorchester is issuing hundreds of millions of new shares acquiring new businesses, which is quite a different thing. That certainly does affect market capitalisation.

SNOOPY

[percy]

Ah, OK Percy I see your point. But Dorchester is not consolidating or expanding an existing share base, which as you rightly say has no effect on the market capitalisation.

Dorchester is issuing hundreds of millions of new shares acquiring new businesses, which is quite a different thing. That certainly does affect market capitalisation.

SNOOPY

Exactly right.
When shares are earnings accretive the market cap will increase.
The most important ratios to watch therefore are ROE and EPS.
As we know buying TUA proves this point.

[noodles]

Ah, OK Percy I see your point. But Dorchester is not consolidating or expanding an existing share base, which as you rightly say has no effect on the market capitalisation.

Dorchester is issuing hundreds of millions of new shares acquiring new businesses, which is quite a different thing. That certainly does affect market capitalisation.

SNOOPY

Snoopy, Now the share price has reached 28.5c, my return on converting TUA to DPC shares at 25c has nearly surpassed the 18% return on the bonds that you will get in 2 years.

I'm happy with the DPC strategy of issuing shares if they are eps accretive.

Half year results are imminent.

[percy]

Snoopy, Now the share price has reached 28.5c, my return on converting TUA to DPC shares at 25c has nearly surpassed the 18% return on the bonds that you will get in 2 years.

I'm happy with the DPC strategy of issuing shares if they are eps accreditive.

Half year results are imminent.

That is some return.Well done.
EPS accretive is what we want.
Certainly looking forward to the half year result

[Snoopy]

Snoopy, Now the share price has reached 28.5c, my return on converting TUA to DPC shares at 25c has nearly surpassed the 18% return on the bonds that you will get in 2 years.

I'm happy with the DPC strategy of issuing shares if they are eps accretive.

Half year results are imminent.

I got the bonds for certainty of income noodles. Get back to me when the interim dividend is released. As for your 'spot' return being 18%, I am happy for you. Get back to me in December 2016 to tot up your return over the whole investment period.

SNOOPY

[Sgt Pepper]

That is some return.Well done.
EPS accretive is what we want.
Certainly looking forward to the half year result

I e-mailed them, results out next Thursday/Friday, what do you think SP 40 cents in 6 months? or sooner??

[janner]

I e-mailed them, results out next Thursday/Friday, what do you think SP 40 cents in 6 months? or sooner??

Bubble.. I could be wrong.

Not for me !!..

[bull....]

showing up on the radar now that tua takeover completing maybe interesting going ahead

[biker]

showing up on the radar now that tua takeover completing maybe interesting going ahead

What radar?

[Sgt Pepper]

What radar?

Just received an emailed report from Dorchester,

net profit 6 months $5.06 million full year forecast up from $11.4 to $14 million
interim divdend 0.05cps
share buy back offer for blocks under 4000 shares @ 0.25 cps