The current share price leaves the company ripe to be taken over.in my opinion..
Gender diversity is an antidote to group think. Devil’s Advocate – that won’t work! or Angel’s Advocate – what could make it work?
http://www.fireitupwithcj.com/core-c...ncies-of-women
"Many women see the world through a Relational lens of relationship and demonstrate competencies of “connecting the dots” systems thinking, multi-tasking, and sharing information to create new information.
Many men see the world through an Individualistic lens of status and independence, that give us traditional competencies of prioritized, linear thinking, focus on one thing at a time, and sharing information only as needed.
The everyday practice of playing Devil’s Advocate is the ability to poke holes and find faults using deductive reasoning to bullet proof an idea. As one Individualistic Executive of a local space agency said to me, “We do science here, Devil’s Advocate is science.”
Point out that you bring another competency, Collaboration or Angel’s Advocate, to build on an idea with “what could make it work” and “what else is possible with the idea,” using inductive reasoning. You frame a competency that is otherwise invisible, unarticulated and unrewarded.
The first time I did an exercise to practice both Devil’s Advocate and Angel’s Advocate, two men who had been working on an environmental engineering problem together, came up with a solution they had not thought of before. This drove home, to me, just how foreign Angel’s Advocate collaboration can be."
Depends on your lens
If you use the Ravens Progressive Matrices (which looks at abstract logical reasoning using a non-verbal test) you now get men and women scoring essentially the same. With some difference coming from nationality.
The Board is correct in looking for "thinkers".
If you go down the Male / female route your risk (without assessment) picking up a low scoring female and a high scoring male. Or vice versa.
The trouble of course with Ravens (and this is where I may get into trouble) is research suggests there is differences between ethnicities / races. For example a study using British with a mean score of 100, white americans scores 98, Mestizoe scored 98.3 and native Mexicans scored 83.3. So, arguably you dont want diversity based on race / nationality.
So what does this mean locally. One piece of local research shows Maori score lower (0.55 standard deviation) than European on verbal reasoning and 1.79 standard deviations on numerical business analysis*See "Ethnic group differences in cognitive ability test scores within a New Zealand applicant sample")
When you start sticking labels on things this "diversity" thing turns into quite the rabbit hole.
Good sign for you Turner ‘investors’ — my neighbour (and probably his bowling mates) have sold the rest of their Turners shares (at a loss)
They’ve topped up on OCA. Some of them had a look around Village in the Park and were impressed so think Oceania is the bee’s knees of retirement villages. I told him it was actually an Arvida village ....bugger
They say it’s undervalued by the market. If they are a retail
One comment Byrnes made the other day was that those shareholders who have held for some years have done really well. Think he mentioned the word rich as well.
Another reason to think that maybe some exit plans being worked on by some big shareholders
Could be the next Get out of Jail Free card on the NZX
I think that was a very poorly considered remark as the shares have woefully underperformed the NZX50 for many, many years. In fact one needs to consider that as far back as 6 years ago in Nov 2012 on an adjusted basis for the subsequent 10:1 share consolidation the shares were trading at $2.70. How any director could be proud of the SP performance is beyond my comprehension. Sure some may have done okay if they bought in post GFC days nearly a decade ago but that's ancient history and deserves to stay in the past not something directors have any right to crow about now in my opinion.
I didn’t finish the sentence ...distracted
They say one reason for being undervalued is that TRA is seen as retail
If seen as retail currently fair value
If seen as an integrated automotive financial services group probably fair value as well.