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

[percy]

Think W69 would be the first to accept.!!..lol.

[percy]

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.!

[minimoke]

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.

[percy]

2,339,462 so far.
With them buying at lot lower prices, I expect they will extend the buyback.

[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.”

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.

[minimoke]

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

[minimoke]

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,

[peat]

I've added some due to 4 1/2 years of consecutive growth

Tuners.JPG

[Joshuatree]

Your T/A has gone AWOL peat.

[peat]

Your T/A has gone AWOL peat.

wasnt TA it was FA.