Turners Nelson is now open. Yippee
Turners Nelson is now open. Yippee
Don't forget MPG - still hold back by their Australian adventure (sure, the rest is not that flash either). Both WHS and FBU lost lots of money in Australia .... and our cyclical poster child AIR nearly got broke (only saved by the NZ tax payer) thanks to investing into Australia. And than there was Pumpkin Patch, but I am sure there are more sorry stories.
Hehe missed that one. I actually didn't read date on that story. Old news:p
It might appear to be old news, but for a quarterly reporter and dividend payer it's not all that old, only a few weeks until next reporting and we'll all see whether the article is correct and volumes and/or revenues are down. I suspect it'll be bad for the wider used car industry but not so much for Turners who tend to attract the go-to buyers when the economy is fecked. Lots of people still need to change their cars regardless of economic circumstances, they'll go to the best deal, and Turners are great deal makers. I'm more interested in how the subscription service is going, whether it's material to the company results yet or when it will be, surely this is the time when subs cars should shine. Eat some rentals company's lunch, so to speak.
Turning employees into shareholders....
Turners launches employee share scheme - NZX, New Zealand’s Exchange
Turners launches employee share scheme
Turners has partnered with online investment platform Sharesies to launch an employee share scheme. The scheme provides the opportunity for permanent (part-time and full-time) employees of the business to invest $1,000 and receive $1,500 worth of shares at the completion of a 3 year vesting period. In order to encourage broad participation the company is also offering a three year interest free loan to acquire the shares to all staff.
Turners’ Chairman Grant Baker said “Engagement of our team has been a key focus for a number of years. We’ve already seen major improvements, and this is another initiative to further engage our team. We believe incentivising employee share ownership is an important part of aligning the interests of our team and shareholders. It is also another core benefit we can offer people as a locally owned NZX listed business. “
The company have worked with Sharesies to ensure that our team can easily access, see and track the value of their shares. Turners envisage issuing shares under this initial launch of the scheme on 24 August 2022.
ENDS
This is really cool. Great for the staff and they are buying in at a good level.
Awesome that its through sharesies as well. its a very user friendly system. Perfect for new investors of which im guessing most of TRA employees would be new to investing.
Sharesies should partner with other NZX listed companies. Get more kiwis invested into shares. Housing isnt the only option
TRA share price was about 350 not that long ago and was heading down further ..... now its getting close to 4 bucks
That's good
"Turners launches employee share scheme"
congratulations TRA. very classy