Tegel IPO

[Balance]

I wouldn't buy the stock at any price on principal, whilst the CEO receives one of the most outrageous salary's in NZ for the non performing dog Tegal is(Roughly 4 times what the SUM CEO receives by comparison)

One gets the feeling that he is not there for ALL shareholders?

He just needs to get the job done for the PE shareholder(s) who put him in there - to get the best price for their shares?

The amount of BS generated by the company's CEO and its directors to explain why the company is not performing to IPO forecasts and expectations beg an explanation.

[winner69]

I wouldn't buy the stock at any price on principal, whilst the CEO receives one of the most outrageous salary's in NZ for the non performing dog Tegal is(Roughly 4 times what the SUM CEO receives by comparison)

Last Accounts Summerset CEO total remuneration $1,004,000 and Tegel CEO got $786,000

And Phil’s likely to be less this year (lower STI etc)

Summerset quite open about pay gaps ...like CEO remuneration is 21.7 times the median of all employees being $46,640

[couta1]

Last Accounts Summerset CEO total remuneration $1,004,000 and Tegel CEO got $786,000

And Phil’s likely to be less this year (lower STI etc)

Summerset quite open about pay gaps ...like CEO remuneration is 21.7 times the median of all employees being $46,640

Must have changed then,because in 2016, Phil Hand got 3.6 mill and Julian Cook got just over 800k.

[winner69]

Must have changed then,because in 2016, Phil Hand got 3.6 mill and Julian Cook got just over 800k.

Most of that $3.6m was a bonus for driving the successful IPO ....as Balance says getting the best price for the promoters shares eh

Sorry ..it was really a $2.4m bonus in ‘recognition of past service’

Phil did get 20% less in FY17 than FY16 (excluding that bonus)

Probably earning less this year

[winner69]

Maybe Phil’s paycuts make him less motivated than he was previously

[Balance]

Most of that $3.6m was a bonus for driving the successful IPO ....as Balance says getting the best price for the promoters shares eh

Sorry ..it was really a $2.4m bonus in ‘recognition of past service’

Phil did get 20% less in FY17 than FY16 (excluding that bonus)

Probably earning less this year

Was the $2.4M bonus for enabling the IPO to go ahead at what has now turned out to be fictitious forecasts etc disclosed at the time of the IPO disclosed?

[winner69]

Was the $2.4M bonus for enabling the IPO to go ahead at what has now turned out to be fictitious forecasts etc disclosed at the time of the IPO disclosed?

No no Balance ..... in 'recognition of past service'

[whatsup]

At some point TGH will bounce , what is that "point " ? .80 ?

[Balance]

At some point TGH will bounce , what is that "point " ? .80 ?

Charts - if enough punters believe them, there will be a bounce point.

I learned enough over the decades NEVER to buy into a downtrend.

[Stranger_Danger]

For me, the right price - assuming no change in fundamentals - is about 45 cents.

This is not an exciting fast growth company, but neither is it CBL or Dick Smiths. At the right price, I'd be a buyer.