SUM - Summerset Group

[Beagle]

Thanks Beagle I guess when I see one of the directors being barked would be the sign to where to go .

The barking already started earlier this month lol
I emailed Julian earlier this month and told him I was looking forward to hearing at the annual meeting about plans for how they are going to lift their sales performance.
Look out for more barking at the annual meeting if he's not forthcoming

Bit worried about Rob Campbell's workload with plenty of work for him with problems at THL and SKC...shame he's not up for reelection as that would have made for another barking matter...

Directors fees increase looks okay to me considering the massive uplift in underlying earnings since they were last revised years ago...not worth barking about that.
Meeting could have a bit of a subdued atmosphere this year what with the share price where it is. Last year was very positive with the SP up $2 to $7.20 from the previous year. SP still above the price it was two annual meetings ago so I suppose that's something...

Things could get interesting this year if the Union reps get aggressive like they did last time they had a meeting in Wellington 2 years ago....

[couta1]

The barking already started earlier this month lol
I emailed Julian earlier this month and told him I was looking forward to hearing at the annual meeting about plans for how they are going to lift their sales performance.
Look out for more barking at the annual meeting if he's not forthcoming

Bit worried about Rob Campbell's workload with plenty of work for him with problems at THL and SKC...shame he's not up for reelection as that would have made for another barking matter...

Hope I don't have to bark at any union representatives that happen to turn up spreading poison again. PS-Also hoping that not too many negative/wrongly chosen words are used by Julian like last time the AGM was held in WGTN, the current SP doesn't need that.Lol

[Beagle]

Hope I don't have to bark at any union representatives that happen to turn up spreading poison again. PS-Also hoping that not too many negative/wrongly chosen words are used by Julian like last time the AGM was held in WGTN, the current SP doesn't need that.Lol

You did well last time mate. Union members are now doing very nicely so if they are still grizzling you are going to have to hold me back mate as I'll be looking to really rip into them. If they try and take any more of my food there will be trouble I tell ya https://www.youtube.com/watch?v=8tuBqRHJ-mo
The woman is very lucky to still have her hand in one piece lol

[kiwico]

Hope I don't have to bark at any union representatives that happen to turn up spreading poison again. PS-Also hoping that not too many negative/wrongly chosen words are used by Julian like last time the AGM was held in WGTN, the current SP doesn't need that.Lol

I did find their approach interesting (if that's the right word). I realise the amounts received differ but their approach seemed to be that the cleaners should get more money for doing nothing extra but the directors shouldn't be paid more even through their workload was to be expanded. Talk about double standards.

[davflaws]

I did find their approach interesting (if that's the right word). I realise the amounts received differ but their approach seemed to be that the cleaners should get more money for doing nothing extra but the directors shouldn't be paid more even through their workload was to be expanded. Talk about double standards.

Your post implies that the current relativities are appropriate. I disagree. Cleaners are people too. They need a wage they can live on. That is not a worry for any director I know of (even Mainzeal).

And as for Union reps spreading poison? I wasn't at the meeting and don't know what was said, but I do know that there was a case once where an employer gave the workers a substantial pay rise without being asked. 1927 I think.

The most likely place to find Union Reps spreading poison would be a 1080 operation on the DOC estate. But let's not let our rhetoric get in the way of our politics.

[Beagle]

A lot has happened in terms of wage rates for caregivers since that meeting two years ago and a lot is going to happen in the years ahead with steady increases and significant increases to the minimum wage. A shareholders annual meeting is not the appropriate forum for a debate about the merits of capitalism and socialism and that is the point Couta1 made at the 2017 meeting in response to inappropriate comments from a union member and Couta1's rebuke was well received by other shareholders there including myself and supported by (from memory) the Chairman Rob Campbell saying it was an inappropriate forum for such a discussion.

No such matter was raised at the SUM annual meeting in Auckland in 2018.

I believe SUM is the leader in this industry in terms of a very wide range of staff benefits and encouragement for staff to take part in the share incentive scheme.

Landing at Wellington might be interesting tomorrow morning...Gale force southerlies and a daily maximum of 13 degrees is forecast. This Beagle is a nervous flyer at the best of times so I'll take an extra cup of calming herbal tea for breakfast and tell myself these AIR N.Z. pilots have the worlds best training and are legends and nothing can go wrong lol

[winner69]

A lot has happened in terms of wage rates for caregivers since that meeting two years ago and a lot is going to happen in the years ahead with steady increases and significant increases to the minimum wage. A shareholders annual meeting is not the appropriate forum for a debate about the merits of capitalism and socialism and that is the point Couta1 made at the 2017 meeting in response to inappropriate comments from a union member and Couta1's rebuke was well received by other shareholders there including myself and supported by (from memory) the Chairman Rob Campbell saying it was an inappropriate forum for such a discussion.

No such matter was raised at the SUM annual meeting in Auckland in 2018.

I believe SUM is the leader in this industry in terms of a very wide range of staff benefits and encouragement for staff to take part in the share incentive scheme.

Landing at Wellington might be interesting tomorrow morning...Gale force southerlies and a daily maximum of 13 degrees is forecast. This Beagle is a nervous flyer at the best of times so I'll take an extra cup of calming herbal tea for breakfast and tell myself these AIR N.Z. pilots have the worlds best training and are legends and nothing can go wrong lol

Ha ha ...might be like this morning where some AIRplanes took rather odd flightpaths avoiding the thunderstorms

One thing it’s going to be gale force (the severe gale to about 2am) southerly which means you cone straight in, none of this going half way to Christchurch before heading in.

[minimoke]

Your post implies that the current relativities are appropriate. I disagree. Cleaners are people too. They need a wage they can live on.

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.

This simple process isnt helped by governments who dictate the worth of an employee. As currently evidenced by the current government who thinks some school kid working at the local fish and chip shop is worth $17.70 an hour for their after school job. Frying chips takes virtually zero skill, there are thousands of kids who are available to work in a Chippie. Their living costs are virtually nil. Yet through some miracle of modern business management the govt reckons that all comes to $17.70 an hour.

[minimoke]

Landing at Wellington might be interesting tomorrow morning...Gale force southerlies and a daily maximum of 13 degrees is forecast. This Beagle is a nervous flyer at the best of times so I'll take an extra cup of calming herbal tea for breakfast and tell myself these AIR N.Z. pilots have the worlds best training and are legends and nothing can go wrong lol

Sounds like an excuse for a road trip in new car to me!

[davflaws]

Sounds like an excuse for a road trip in new car to me!

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!