Wonder whether the market will see it differently when TRA announce an extension to the buy back.?
Seems to me posters who are TRA shareholders are very happy with the buy back.I know I am.
So very true.
An interesting project for some one good with figures.
Turners appear to borrow at approx 4.5%.
Their gross dividend yield is 10%
Dividends are paid from NPAT,while the interest TRA pay on borrowings is deductible.
Their nett interest margin NIM is over 9%.
Playing around with the above figures it is easy to agree with you,,"the amount to pay out dividends is significantly reduced."
Well well well where are our chartist friends?.Asleep.?
MACD positive.
Share price up through, 30 day,60 day and 90 day moving averages.
Strong buying strength.
Hmm - reading your post I thought I missed something and looked at the chart:
Attachment 10460
Not sure this looks like a confirmed uptrend to me (yet) ... but sure, it might turn into one at some stage.
I recon however we still will need to wait for the financials end of May (unless they announce something really positive earlier).
Anyway - happy for holders that the SP didn't further decline and even slightly improved ... though still quite content with my decision to move my funds to HGH at the time I did it;);
Remind me - what was the price of the last heavily discounted capital rise? Long way to go to reach that again ...