Hardly likely with directors having skin in the game.
Grant Baker...……………........7.02%
Paul Byrnes...………....………..3.08%
Matthew Harrison [family]...8.02%
Alister Petrie,[Bartel]..........7.95%
Percy , went past last night , couple of very bright "Turners Cars" signs on top of the container . Still surrounded by temporary fencing,no cars ...
Percy I agree with you that with the amount those directors have invested in TRA one would expect a focused and motivated board.
However what I sense is a very low energy bunch of board members.
Not turning up for meetings in my view is very disrespectful to the shareholders and fellow directors and makes me wonder about commitment when difficult decisions need to be made. Turning up on the job sure must be an expectation we can have.
The wagging kids at my school were never the best performers.
Did I hear PB (getting matey now) say at the AGM that EPS is only one measure .....sort of saying that it’s not all that important.
Well said, I couldn't agree more. Honestly I wish I'd known that he'd only attended 9 board meetings out of 12 going into the meeting. I would have yapped up a real storm about that in light of him not bothering to attend the meeting This sort of "performance" during the year is supportive of my theory that he deliberately chose not to attend. Why else would the highly experienced deputy chair look so incredibly nervous and defensive...its not like its his first public meeting is it !
Anyway...I reckon the market has forgiven and moved on. The worm has appeared to turn and the $2.80 bottom held yet again. Evidence from last time the bonds converted (a type of capital raise and every other recent capital raise) suggests we'll see a good recovery in the SP this month.
Bond conversion should be somewhere in the low 290's in my opinion.
http://nzx-prod-s7fsd7f98s.s3-websit...172/245033.pdf
3 October last time so I'd expect timing pretty similar this time around. Note the conversion price last time.
Last year 12 Board meetings
Baker attended 9
Vriens attended 10
Petrie attended 11
Rest didn’t wag any meetings
From AR