TGA 0.00% $1.17 thorn group limited

Did the worm turn?

  1. 4,236 Posts.
    lightbulb Created with Sketch. 1233
    Only 228.573 shares sold yesterday, and 23.5% were sold after 4:00pm, and so I expected the SP to rise when I noticed the surge in late transactions, but I did not expect the magnitude of the surge that has happened today. TGA typically turns over about 350,000 to 400,000 shares a day. When I looked at 02.00pm today, the volume was 717,813, the SP was $2.20 and the increase was 19c. Below are the volumes for the previous two days.

    22/10/2015 .... 2.000 .... 2.020 .... 2.000 .... 2.010 .... 228,573
    21/10/2015 .... 1.990 .... 2.030 .... 1.985 .... 2.030 .... 226,330

    I noticed in a report on the consumer leasing industry that the authors categorised leases into three categories – a) genuine rental leases, where the sum of the payments contracted was less than the value of the goods, and the goods remained the property of the lessor; b) so-called consumer leases, where the sum of the payments exceeded the value of the goods, but where ownership was specified to remain with the lessor at the end of the contract term; and c) credit contracts, where the sum of the payments exceeded the value of the goods, and the contract provided for ownership to pass to the lessee. The bulk of TGA's lease contracts fall into category c), which are regulated by the NCCP, and hence seen as being less threatened by new Government initiatives. The sudden shift in TGA investor sentiment today may suggest that the perception of the threat facing TGA has diminished. Did somebody put out a report today, or yesterday on this topic?
 
watchlist Created with Sketch. Add TGA (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.