probably in a meeting to decide what mth they will do the downgrade and div slashing
probably in a meeting to decide what mth they will do the downgrade and div slashing
That's what they said in last years inaugural March 2018 newsletter (published 4/4/18):
Attachment 10440
They do realise that it is important to keep shareholders up to date. I am sure the update must come now any day (any hour?) ...
Surely...as we know Todd also keeps an eye on this forum.
Something simply does not add up with the lack of update from TRA imo.
(i) Share price has fallen 17% since the share buyback was announced.
(ii) Fall could conceivably be more if the share buyback was not in place.
(iii) Why has TRA only bought 60% of the share buyback if it is so undervalued (by the directors' reckoning).
(iv) One of the directors actually decided to sell a few of the 'undervalued' shares into the share buyback! Joining Milford who decided to take advantage of the share buyback to unburden themselves of a few of said 'undervalued' shares!
(v) No dividend announcement post 31 March vs previous years.
Old timer cautioned me years ago to be wary of companies who are quick to announce 'good' news but tardy when there is bad news!
Hmm Add to that For Bar introducing them as an Emerging Company when they have been around for years. Seems like a bit of dressing up. Was mentioned at the time. Ducks are lining up for an ugly result.
Stop loss now in place and ready to be triggered
Glad did not get into this one but been obviously keeping an eye on this stock after making a few $$$ off the Baker Boys efforts in 42 Below and Trilogy.
One thing I must admit I was wary of is this business of 'clipping' the ticket many times - the finance and insurance industries have had a habit of blowing the gasket from time to time, especially when the 'growth' machine stalls. Bad debts have a nasty habit of emerging when hard times strike.
And the car industry is certainly going backwards after enjoying good growth over the last 5 years - let's see how TRA handles the reverse cycle, especially with the acquisitions they have made in recent years.
Import rules for cars and shipping containers could be tightened even further as the Ministry for Primary Industries
https://www.stuff.co.nz/business/far...-stink-bug-out