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

[percy]

I think everyone who runs Grant Baker down, do so as he preferred to attend a Ferrari event, rather than the agm.Those same people do not take into account the date of the meeting was altered, after Baker had made his arrangements.Good on him.
I did rather well with Trilogy that Baker was involved with, so I have nothing against him.
I am a big fan of Paul Bryne,and think Baker chairs an excellent board.
Directors with skin in the game.A great indicator,however like everything on the market there are exceptions to every rule.
Comparing TRA to CBL,and putting Baker on your never again list. you just let yourself down.We expect better from you.

[Beagle]

All this shows is that he's more committed to his Ferrari event than to being Chairman of the board, despite the massive fee increase, (which if I remember correctly was rather conveniently backdated) one supposes to fund travel to said event.

The directors sense of entitlement to the fee increase was expressed at last year's annual meeting in quite a remarkable and memorable way.

Could be a pretty interesting tone to this years annual meeting given the SP in the doldrums.

[percy]

All this shows is that he's more committed to his Ferrari event than to being Chairman of the board,

ums.

Really?...............
How about taking a drive past the site Turners are developing at Archers Road, and give us an update on progress.?.
May even give you a new bone to chew on, as you certainly wore the old one out.!
ps Did you pass it onto BP?......lol.

[minimoke]

The directors sense of entitlement to the fee increase was expressed at last year's annual meeting in quite a remarkable and memorable way.
.

They wer very keen to justify the increase off the back of a dodgy Rem Survey. Their abilities sure haven't been reflected in an appreciation in shareholder value. Hopefully they take a pay cut this year. SP is the only survey they really need.

[SCOTTY]

Really?...............
How about taking a drive past the site Turners are developing at Archers Road, and give us an update on progress.?.
May even give you a new bone to chew on, as you certainly wore the old one out.!
ps Did you pass it onto BP?......lol.

Ha ha ha - love it. Keep going Percy

[Beagle]

They wer very keen to justify the increase off the back of a dodgy Rem Survey. Their abilities sure haven't been reflected in an appreciation in shareholder value. Hopefully they take a pay cut this year. SP is the only survey they really need.

A cynic might wonder how many survey's they commissioned before getting the answer that suited them best.

Field trip to SUM annual meeting in Wellington on Tuesday this week rules out any other boots on the ground information gathering in the short term Percy but you could always fly up and have a look yourself in you're that interested.

Any good dog worth his salt knows its good to bury bones so you can dig them up later and gnaw on them some more...I'm certain there's some marrow left in there somewhere

[winner69]

They wer very keen to justify the increase off the back of a dodgy Rem Survey. Their abilities sure haven't been reflected in an appreciation in shareholder value. Hopefully they take a pay cut this year. SP is the only survey they really need.

Yep dodgy has

There was an article in an Aussie paper the other day that these consultants recommend what the Directors / Managers want ...Because they too want repeat business ....and shareholders fall for the trick everytime

[winner69]

After presiding over $80m of shareholder wealth destruction over a year the Directors asked for a pay rise ......since they’ve got a pay rise they’ve presided over another $45m of of wealth destruction

Took about a delusional Board

[percy]

After presiding over $80m of shareholder wealth destruction over a year the Directors asked for a pay rise ......since they’ve got a pay rise they’ve presided over another $45m of of wealth destruction

Took about a delusional Board

I am sure in the not to distant future, when TRA's share price is well over $4.00, we will look back at your post, and laugh at who was infact delusional,and missed the window of opportunity to buy a meaningful holding at a great price.
Bring it on....lol

[winner69]

Making a note of the post numbers you can bring up in a year or so are we percy