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19-07-2023, 10:05 PM
#7851
Originally Posted by Ricky-bobby
Thanks Ronaldson, would they have the liquidity to be in the nzx50?
Agree with Alekhine's post above. I believe index inclusion criteria takes account of "free float" only and that all shareholdings in Turners qualify as such.
The last Annual Report, for FY23, indicates a spread of over 4800 shareholders. The Chairman, Grant Baker, has 7.44% via Montezmolo Holdings Limited, Director Alaister Petrie 12.24% via Bartel Holdings Limited and Director Mathew Harrison 7.47% via Harrigens Trustees Limited and other family interests. These shareholdings may be both beneficial or as trustee. Even Todd Hunter, CEO, has almost 1% so there is plenty of skin in the game.
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24-07-2023, 09:17 AM
#7852
Another lot of Directors jumping on the gravy train craze and wanting big pay increase
That Strategic Pay outfit must be creaming it these days …….changing a few numbers in a standard template at regular intervals and no doubt charging an arm and a leg for ‘coming up’ with a good number
Another NO vote from me ..but they won’t care
http://nzx-prod-s7fsd7f98s.s3-websit...114/398950.pdf
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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24-07-2023, 09:22 AM
#7853
Originally Posted by winner69
Another lot of Directors jumping on the gravy train craze and wanting big pay increase
That Strategic Pay outfit must be creaming it these days …….changing a few numbers in a standard template at regular intervals and no doubt charging an arm and a leg for ‘coming up’ with a good number
Another NO vote from me ..but they won’t care
http://nzx-prod-s7fsd7f98s.s3-websit...114/398950.pdf
Sounds like they are taking a page from the McKinsey playbook......
First thing they say are the board/senior management are underpaid and behind the market etc.
So they keep getting employed and those hiring them know what they are going to say.
No, no, no, I'm not a cynic!
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24-07-2023, 09:28 AM
#7854
did us shareholders get a payrise this year? i dont really follow the dividends tbh, its just money that turns up in my account.
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24-07-2023, 09:37 AM
#7855
Originally Posted by Rawz
did us shareholders get a payrise this year? i dont really follow the dividends tbh, its just money that turns up in my account.
Last 4 quarterly divvies were 23c total. 4 quarters before that was 22c total. That's about a 4.54% increase....
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24-07-2023, 09:40 AM
#7856
Originally Posted by Rawz
did us shareholders get a payrise this year? i dont really follow the dividends tbh, its just money that turns up in my account.
No pay rise for this year rawz …they used word ‘flat’
And the 40% increase they after is greater than dividend increase from when they last increased their pay
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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24-07-2023, 11:21 AM
#7857
I read the 17 page report from Strategic Pay. I don't begrudge some increase but will vote against the proposal for a 38.3% increase to $920k in total.
While I have proxied to NZSA under all hats for holdings I manage I will take back the proxy in this instance and vote NO. Of course, I don't know what NZSA are intending to do currently so that may not be necessary. I will wait and see.
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24-07-2023, 03:43 PM
#7858
Might be different if Tina was getting a 38.3% payrise too......
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24-07-2023, 04:00 PM
#7859
When they sent the notice of ASM in 2018 saying they need a pay rise the TRA share price was $2.91
Share price up 24% since then ….and they want a 38% pay rise …whose kidding who
NO from me
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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24-07-2023, 04:11 PM
#7860
Trusty old RBNZ inflation calculator says $665k in Q3 2018 is now $799k
Using the Wage Inflation bit it $824k
And they want $920k
Somebody mention greedflation or similar term the other day
But Strategic Pay say they deserve it and of course top calibre people as well
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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