There seems to be an almost inexhaustible supply at $2.33. In my opinion they will keep on keeping on selling and the price is effectivity capped despite the buyback.
Maybe.
The shares they have sold ,appear to be the ones the brought, refer their announcement 12th March last year.
Perhaps their next announcement may state they brought these ones back.!!
They do appear to be "Beagles" ie they keep changing their minds...lol.
"Investors" may be best to ignore their shareholder notices?
Beagles pretty cunning at sniffing out the next feed. Milford more like a lame 3 legged half blind pig dog at times and one that won't follow rules lol
I am looking for an entry point, but every time I think about it the price drops to a new low. That sort of stuff scares me off even though the company is running a fantastic profit. PS The mrs bought a car from Turners recently and the service was great and quick. On another note, it was sad, but good to see that when a couple were looking at buying were declined to purchase a car on finance. Good to see they don't want to sell a car to anyone.
Must be hard for people wanting to buy a vehicle to be declined finance.
Yet it is the best for all parties in the long run.
Buying TRA.Well you can either wait for the trend to change,or you can ladder your buying.Buy a quarter of what you want today,buy another quarter in May if the result is OK,then buy another quarter in September if you are like the agm outlook,and finally the last quarter for your own Christmas present.!!
@LixAnnSonders
Market continues to reward companies tending to buy back shares or pay dividends vs. those making significant business investments @SoberLook @GoldmanSachs
I told her that doesn’t work in NZ
Phew that was close — though Turners share price was going to slide into the 120s
Nobuy backs for a while .....maybe they are hanging on for even cheaper shares
Very well run Colonial Motors reported yesterday and profit dropped about 9% from memory. Plenty of talk about margins being squeezed.
Doesn't auger well for full year profitability of TRA but those dividends will keep coming in for the time being anyway so as long as one ignores the steadily dropping share price everything is fine and dandy. Next market update will be very interesting. Test of $2.00 coming up ?
New car sales I would expect to be difficult.So no surprises there.!
Yes I too am looking forward to TRA's next update.
I am expecting it will confirm their strategy is oncourse.