TRA - Turners Automotive Group

[lorraina]

I do not know how you can say that without knowing what model Ferrari he has bought...lol

[winner (n)]

Hmm - I was wondering where all these cheap shares at index inclusion came from. So it was Grant who spoilt the fun for everybody?

Is this what people call a mean streak ... or does he think the share is not more worth?

Not a good sign when insiders SELL is it Peter

[Buzz]

Hmm - I was wondering where all these cheap shares at index inclusion came from. So it was Grant who spoilt the fun for everybody?

Is this what people call a mean streak ... or does he think the share is not more worth?

Of the 4.2m shares traded, Grant made up about 10% of it, so the remaining 90% came from elsewhere. As a SSH he had to report, his colleagues however didn't and I wouldn't be at all surprised if a few of them unloaded at least some of their shares into the inclusion.

The Board have said some time ago, multiple times, that they considered the share price to be too low. I guess now they're saying with a share sale, they think the company SP is at fair price. Either way Grant still has a shedload of shares.

[KW]

Share price slip sliding away

Guy on other channel reckons 430 by end of week

Hey, I said that first!

[Basil]

https://www.trademe.co.nz/a/motors/cars/ferrari/sf90-stradale/listing/4361085963
The most expensive Ferrari listed on Trade Me is still for sale so maybe 1000 horsepower and a top speed of 340 k.p.h. isn't powerful or quick enough lol

He sold just under 7% of his stake, a lot lower percentage than some dog I know did lol.  You can't blame the guy for wanting to have some fun.  He still has 6 million shares !

Speaking of very fast vehicles. Ingress and egress from this 620 horsepower beast is a lot easier than a Ferrari.  https://www.trademe.co.nz/a/motors/cars/bmw/x5/listing/4449104220
Hmmm...can't say I am not tempted.

[Crackity]

https://www.trademe.co.nz/a/motors/cars/ferrari/sf90-stradale/listing/4361085963
The most expensive Ferrari listed on Trade Me is still for sale so maybe 1000 horsepower and a top speed of 340 k.p.h. isn't powerful or quick enough lol

He sold just under 7% of his stake, a lot lower percentage than some dog I know did lol.  You can't blame the guy for wanting to have some fun.  He still has 6 million shares !

Speaking of very fast vehicles. Ingress and egress from this 620 horsepower beast is a lot easier than a Ferrari.  https://www.trademe.co.nz/a/motors/cars/bmw/x5/listing/4449104220
Hmmm...can't say I am not tempted.

Sell TRA / buy MFB based on nothing except what the  people in the know are doing  ......


🤔

[Waltzing]

sell TRA...  buy MFB .....

https://www.youtube.com/watch?v=0FPYp8k619g

[Left Field]

Another director selling on the recent high

http://nzx-prod-s7fsd7f98s.s3-website-ap-southeast-2.amazonaws.com/attachments/TRA/423747/409853.pdf

Ferrari's all round.

[BlackPeter]

Of the 4.2m shares traded, Grant made up about 10% of it, so the remaining 90% came from elsewhere. As a SSH he had to report, his colleagues however didn't and I wouldn't be at all surprised if a few of them unloaded at least some of their shares into the inclusion.

The Board have said some time ago, multiple times, that they considered the share price to be too low. I guess now they're saying with a share sale, they think the company SP is at fair price. Either way Grant still has a shedload of shares.

You might want to re-check the NZX rules. Any insider (no matter whether they are SSH or not) have to report any changes in holding.

But yes, I think they have a full week or so, and I notice that Matthew Harrison announced today that he did unload as well (some 200k odd shares).

Of course am I sure, that they all did this just considering the common good. Increasing liquidity is important for the market and hey, our directors are sacrificing themselves by selling their parcels.

Anybody still remembering the time when the CBL directors sacrificed themselves by unloading their shares in order to increase liquidity?

[Basil]

Directors have seen good gains over the years as part of their hard work. The issue for anyone with a decent sized holding that's grown in value strongly is that it can become a disproportionate percentage of their net wealth, just as it did for me with Turners.  So with a big holding, if you're not going to rebalance due to an index event or an index rebalance when are you going to sell?...there simply isn't the liquidity.

In both these cases these sales represented very small percentages of the directors' holdings, and they remain VERY heavily invested in the business, something you can't say about all that many other companies on the NZX.  Believe me, I trimmed my position after significant gains by a heck of a lot higher percentage than the directors did.  Does that make me an evil capitalist too as some are implying the directors are?

I get it that some people like to follow insiders but be careful who your follow and think about the reasons they might have moved their position.  I sold a decent chunk of WHS shares to the CEO at $4.10 not that long ago.  How's he going with them lol   Comparing their sales with CBL directors selling is not a relevant comparison and disingenuous at best.

[lorraina]

https://www.nzx.com/announcements/423747
Matthew becoming another Ferrari owner.?

[Basil]

You can't fish for a bite with the same bait twice lol

[lorraina]

Why not if it really works.?...lol

[winner (n)]

It was all downhill when Jayne and others sold their shares

[lorraina]

Jayne who and when.?