Did you check the half year report out in February 18...16% eps growth for the first half from memory. This weeks results will be very interesting. Special divvy to commemorate their 100 year anniversary perhaps ?
To be fair Percy, I know Jim Gibbons (the chair) and he said to me that it was a family business (thus the board) but the rationale for listing was to enhance governance and thus enhance the performance of Colonial. They seem to have done that. I am very happy with my investment in this boring but very EPS growing company.
This new director seems to be the bee’s knees or is it’s the cat’s whiskers
https://www.nzx.com/announcements/322431
Bit of a worry if he’s well connected and has has access to networks as well as success in selling businesses (just putting some of the words in a different order)
Dunno about that. I could make an argument that depressing the price helps bond holders with a more favourable strike price. And that putting more stock into the market during the 90 day period would do exactly that.
Can anyone point me to where I could source the volume and daily weighted average price ? Or is this not easily available to Joe Av. Punter. Should have started to collect the data a couple of months ago, knowing this was coming up.
Sorry you understand me wrong. What I meant was that they want the exercise price to be high so that less shares are diluted. But I see what you mean, by having a higher price more shares may not be converted which would lead to more cash leaving the business, something that may not be seen as optimum either. Moot point either way I guess. They cynic has been exercised :)
Turners already had a board with a great deal of skin in the game,so I welcome Martin Berry's appointment.
He certainly has a wealth of experience.
Turners is far from being a family business, which I think is positive.
With a great business model, strong balance sheet,capable directors and management, shareholders can look to the future with a sense of wellbeing,and excitement..
I remain,as expected "well positioned."
ps The Trust I help out on with be converting its bonds to shares.
Worked out very well for it.Will get more bang for its buck.
pps.No brokerage to pay...
Interesting - I guess somebody with "a successful track record of having built, acquired and sold several companies with values in excess of USD 100m" might come handy in a venture with the involvement of the Bakers. Wouldn't be the fist time they play this game.
On the other hand - his banking experience might be useful as well, so lets see how things go.
Try TradingView. NZ equities data is slightly delayed, 10-15 minutes but should be good enough for what you are looking for?
Volume bars at bottom. VWAP Blue line running through the candles. Note VWAP only computes for intraday periods
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