Does the trading update not need to be announced as soon as the company is in possession of said information? Ie they cannot sit on it can they? Or have I got my rules mixed up. I thought if it was material immediate disclosure was required.
FNZC are doing the buyback for Turners.
On 7th March 81,579 TRA shares were traded on market.
On 8th March Tra announced they had brought back 35,042 shares...or 42.95% of the shares traded,not 30%
On 5th March 48,722 TRA shares were traded on market.
On 6th March TRA announced they had brought back 23,000 shares or 47.20% of the shares traded,not 30%.
On 6th March 329,744 TRA shares were traded on market.
On 7th March TRA announced they had brought back 163,000 shares,or 49.43% of the shares traded.not 30%
I see CMO published their half yearlies already 4 weeks ago:
https://www.nzx.com/announcements/330839
Revenue up 4%, but earnings down 9.3%.
I guess this fits well into the cyclical picture of the car market TRA published recently (https://www.sharetrader.co.nz/showth...l=1#post751258) - doesn't it?Quote:
The immediate outlook is for revenue to remain high but lower margins and higher costs will constrain trading profitability.
Maybe we should be prepared for the downturn in the industry to continue for the next couple of years ... A return to $3.80 might take a bit longer ;);
Maybe.?
However I see TRA's
Sales from new yards helping to keep sales up,and offering the opportunity for finance and insurance.
finance ie Oxford Finance enjoying growth from incresed number of originators.Now approx 500 sites.
Autosure enjoying growth.
Service enjoying growth.
Excellent property development [revaluations],and a possible good profit from a North Shore site sale.
Whangarei.Interesting to note the new site is in a much better location and holds 25% more vehicles.Will yearly turnover be
up 25% to 50% or more.?
Possibly very large developments in both ChCh and Auckland.
At this be of those friendly investor roadshow that’s NGOs last year I heard they were talking about doubling market share
Wonder how that’s progressing