Yes indeed
The inverse bell-curve pattern is playing out perfectly. Expect 4 bucks some time next year
Always good topping up around 216 odd when many threw in the towel and capitulated
Given all the ramping people deserve to read a cautionary counter opinion seeing as this has been such an appalling performer over the years...
Let's not pretend this slight recovery is on fundmental's… a reality check for you
eps forecast 2020 24.4 cps, ( based on mid point of 2020 forecast and current number of shares on issue).
eps 2019 26.3 cps
eps 2018 29.3 cps
eps 2017 25.5 cps
eps 2016 25 cps
eps 2015 32 cps
On a fundamental basis its starting to look a little expensive now compared to Colonial Motors which has been a vastly better performer over the long run.
PE of about 11 is normal for Colonial and especially this no growth eps one...anything meaningfully more than that is probably irrational exuberance and writing yourself into a position of losing even more money on this.
I see fair value at slightly less than the current share price.
There’s a lot more to ‘fundamentals’ per se then financial performance
Strategy, fundamentals and TA all going for Turners at the moment.
Attachment 10891 3 year competitive chart, speaks for itself. A very long journey ahead for TRA just to get back to the share price it was 3 years ago.
Attachment 10893 See for yourself how this company which has been "promoted" on an extraordinarily regular basis over the years has performed over the last 3 years v the NZX50
I leave others to judge if the one who's "cried wolf" 101 times might be right this time... Keep in mind the official eps forecast of only 24.4 cps, (at mid point) for FY20 is the company's own official forecast of current trading conditions and second half profit is forecast to be lower than 1H FY20.
Take care this summer to avoid irrational excesses...
3 dollar soon looks like