The chairman Warren bell used to be on the board of ryman. I’ve heard him speak many times at their agm and was never once disappointed.
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The chairman Warren bell used to be on the board of ryman. I’ve heard him speak many times at their agm and was never once disappointed.
I also note that 4 of the 7 board members have substantial holdings in the company and the other 3 may also hold less than 50k shares but arnt included in the top 100 holders.
Hallensteins have been a disaster the last five years .... selling more / making less / losing share in NZ
Sales have grown from $80m in 2014 to $97m in 2019 primarily on growth in Australia ...but in 2019 sales were flat ...a sign of the future
In spite of that $17m increase in sales over 5 years they’re making less than they did in 2014. Last year was a total disaster with profits down $1.7m
CEO leaving suggests things aren’t improving and Hallensteins is still a drag on group growth
Maybe better off without him ...one thing if he’s not replaced we’ll save a few hundred thou.