Gave themselves so many ticks it's incredible
http://nzx-prod-s7fsd7f98s.s3-websit...487/332944.pdf
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Gave themselves so many ticks it's incredible
http://nzx-prod-s7fsd7f98s.s3-websit...487/332944.pdf
WOW - they collected $3.9m for charity and they say they went not just through one, but through two restructuring processes this year - that's simply amazing!
They even developed processes "to define future career developments, performance and remuneration". Very impressive!
... and yes, ticks all over the place:
Must have been an amazing year. As they say - everybody gets a bargain at the Warehouse :t_up: ;Quote:
We maintained our Rainbow Tick accreditation and achieved the Accessibility Tick accreditation this year. The representation of females in senior leadership positions increased from 21 in 2019 to 25 in 2020, and we launched “Lean in circles” to provide leadership development and peer to peer mentoring for women to work towards gender equality
Never mind the share holders, though - no divie. :ohmy:
Come on mate, there's a few Te Reo words in that presentation so shareholders get a free Te Reo lesson, surely that's worth more than 18 cps in annual dividends ;)
See our Nick's remuneration was $2,862,000 = prior year was $1,972,000
He got an LTI of $1,304,000
Median hourly rate of all team members is $21.15 (think that means half of team members earn less that that)
No comment from me
Red and Blue sheds (why don't they do anything about the latter?) just dangling along ...
Noel Leemings doing ok-ish and Torpedo 7 might have potential in a future life.
ROE 11.6% ... not flash, but sort of ok-isch - however the only reason for the still halfway acceptable ratio is the small denominator (low equity).
Liabilities to assets skyrocketed to 79.7%. I know, this funny new accounting standard is not treating them nicely, but still - do they want to become a bank? First step seems to be to accumulate liabilities :p;
I guess this leaves at least hardly any potential for anybody to take over and add debts, but I know, would not work anyway given committed majority share holders;
Intangibles on the balance sheet are not neglectable anymore, leaving an NTA of only 69.4 cents per share.
Not really a Buffet company ... and while they claim to do now "agile"- their load of liabilities (and I suppose as well their so far demonstrated attitude) will hardly allow them to be nimble.
Just saying ...