TRA - Turners Automotive Group [previously TNR - Turners Limited]

**couta1** · 03-09-2018, 11:44 AM

Originally Posted by JayRiggs

This is outrageous! Asking for a doubling of director fees when they've delivered very poor shareholder value (relative to the NZX50).
They don't deserve anything until they can get the share price up by at least 25% to make up for the under performance of the past year. And even that is being generous I believe.
I will be voting NO.

It's a NO to the Troughers from me.

**winner69** · 03-09-2018, 11:48 AM

They need a roadshow to justify it shareholders

But then it’s a done deal anyway

**Beagle** · 03-09-2018, 11:57 AM

Originally Posted by couta1

It's a NO to the Troughers from me.

https://www.youtube.com/watch?v=3JxSLnvxP0w

**minimoke** · 03-09-2018, 12:01 PM

Originally Posted by Beagle

Very poor timing with the SP deep in the toilet. Directors fees seem very similar to those at AIR )

AirNZ Revenue $5,485m, TUA Revenue $325m
AirNZ Assets $7,846m TUA Assets $625m

AirNZ Board Member fee $100,000, Recommended TUA fee $70-$80,000

Colonial Motors Revenue $854m, TUA Revenue 325m
Colonial Assets $316m TUA Assets $625m

Colonial Board fee $51,500, Recommended TUA fee $70-$80,000

**Snoopy** · 03-09-2018, 12:12 PM

Originally Posted by Beagle

https://www.youtube.com/watch?v=3JxSLnvxP0w

A sure way to humble your superiors is to secretly film them in their birthday suits! I didn't realise that Grant Baker had such short legs and arms. He would probably need prosthetic extensions to able to drive his collection of Ferraris safely? Surely a near doubling of directors fees would be a sound investment in that light, to make sure he got back to the directors table safely after each track day?

SNOOPY

**Joshuatree** · 03-09-2018, 12:24 PM

LOL

Good one Snoopy.

**minimoke** · 03-09-2018, 01:07 PM

Given share price has gone nowhere over the past two years I think we'll find the Directors wont even put this on the agenda. No compelling reason why their fees should go somewhere if SP hasnt.

**blackcap** · 03-09-2018, 01:19 PM

Originally Posted by minimoke

Given share price has gone nowhere over the past two years I think we'll find the Directors wont even put this on the agenda. No compelling reason why their fees should go somewhere if SP hasnt.

http://nzx-prod-s7fsd7f98s.s3-websit...249/285985.pdf

Its already there, resolution 5 to increase directors pool from $440k to $665k.