SUM - Summerset Group

[winner69]

Maybe the rainbow painted at the north end was in expectation of beagles arrival (that’s if the Resene paint hasn’t washed away)

[Beagle]

Buckle tight. Feel the aircraft yaw and dip and buck. Look down at the whitecaps covering the harbour. Feel the change as the aircraft comes lower over Evans Bay and the motion becomes more lively. Look to starboard and see Mt Victoria above you. Look to port and see Mapuia Rd and the hills of Miramar above you.

Feel and hear one wheel hit and then almost immediately the other, and feel the aircraft level and stabilise. Hear the engines rev and feel the brakes come on.

You are going to live! - WHAT A BUZZ!

Thanks for your "calming" words lol

[couta1]

Thanks for your "calming" words lol

Yep always a white knuckle landing in WGTN with a strong wind although a strong southerly is preferred over a strong Northerly/Norwest as the wings don't appear to be kissing the ground so much.Lol

[Beagle]

Yep always a white knuckle landing in WGTN with a strong wind although a strong southerly is preferred over a strong Northerly/Norwest as the wings don't appear to be kissing the ground so much.Lol

You'd better bring a bottle of good scotch with you mate...I think I'm going to need a stiff drink immediately after landing as well as probably one for courage before takeoff lol. If I'm slightly drunk on arrival, we'll sober up over lunch before the meeting

[artemis]

Safer coming in to Welly than any other NZ airport. Because pilots take super extra care. Because Welly.

[minimoke]

Heres a question for the Floor:

What plans are being made to live stream future AGM's

I'm onlooking forward for an explanation for justifying director remuneration when SP is currently at $5.67 off it 12 month high of $8.00 ( I weary of Directors who pay goes up while shareholder wealth goes down)

[artemis]

Wages ought have nothing to do with a persons living expenses.

What they should be is fair recompense for the skills and experience a worker can bring to the employer to help solve a problem the employer has. The more complex the problem the greater the likelihood there will be fewer skilled workers available - thus you would expect to pay a higher wage. The less complex the problem the greater the likelihood of having more workers with the skills available to solve that problem - thus you would expect to pay a lower wage.

Once the employers problem has been solved by the payment of a commensurate wage thats the end of the matter. How a worker chooses to spend their income is entirely up to them.

If a person earns little then it is incumbent on that person to live within their means. If they have aspirations for something greater then they need to change their skills so they can help employers solve higher level problems and thus get paid more...

Agree, minimoke. And few years back The Treasury reported that the main beneficiaries of the 'living wage' were young single workers living at home, and the government because of reduced transfers (such as WFF and Accommodation Supplement). Same applies to minimum wage increases and relativities.

[Beagle]

Heres a question for the Floor:

What plans are being made to live stream future AGM's That's a good question

I'm onlooking forward for an explanation for justifying director remuneration when SP is currently at $5.67 off it 12 month high of $8.00 ( I weary of Directors who pay goes up while shareholder wealth goes down)

Bit mean MM. Over the years underlying profit growth has been very strong. Lets take a look back to 2015 where underlying profit was just $37.8m, they had 5 directors and annual fees totalled $515K. Fast forward to 2018, Underlying profit was $98.6m, they now have 6 directors and directors fees totalled $627K. Directors fees per director have barely moved and not even kept pace with inflation since 2015 and yet underlying profit is 2.6 times the level in 2015 and assets under management have grown dramatically as well. A $100K increase to a maximum of $750K seems perfectly reasonable to me especially in light of how well the directors have done their job !

Share price decline over the last year is not their fault and not under their direct control.

[mondograss]

Agree, minimoke. And few years back The Treasury reported that the main beneficiaries of the 'living wage' were young single workers living at home, and the government because of reduced transfers (such as WFF and Accommodation Supplement). Same applies to minimum wage increases and relativities.

Ummm, pretty sure that the govt gets its money from taxes, so surely the ultimate beneficiary of reduced transfers are taxpayers?

[BlackPeter]

Ummm, pretty sure that the govt gets its money from taxes, so surely the ultimate beneficiary of reduced transfers are taxpayers?

Not really. the government does not return these funds to the taxpayer buy finds other options to waste them.