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25-05-2020, 08:42 AM
#151
 Originally Posted by CD_CHCH
Smiths City Directors:
Alastair Gibson Kerr - Chair
Tony Donald Allison
Benjamin John Powles
Antony David Karp
$42 million of shareholders equity wiped out in a year.
Such a shame. Since Smith City opened a shop in Mt Wellington I've done all my furniture and appliance shopping there because unlike Harvey Norman across the street or Noel Leeming etc they offered great service. Not as great as Magness Benrow but at a cheaper price.
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25-05-2020, 08:47 AM
#152
Alan Martin turning in his grave
Probably horrified when his beloved stores were sold to Smiths
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25-05-2020, 09:36 AM
#153
Originally Posted by CD_CHCH
Smiths City Directors:
Alastair Gibson Kerr - Chair
Tony Donald Allison
Benjamin John Powles
Antony David Karp
$42 million of shareholders equity wiped out in a year.
The board actually hasn't been there that long......longest serving is December 16 - so under 4 years. CEO pre-dates them all.
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25-05-2020, 12:47 PM
#154
Member
Originally Posted by Sideshow Bob
The board actually hasn't been there that long......longest serving is December 16 - so under 4 years. CEO pre-dates them all.
Valid point.
Chairman
Alastair Gibson Kerr December 2017
Directors
Tony Donald Allison June 2016
Benjamin John Powles December 2017
Antony David Karp June 2018
CEO Roy James Campbell started 1-May-2015
Still you have to wonder how they managed to wipe out $42 million in equity in just 12 months
30-Apr-19 Audited Annual Report. NTA 77 cents per share. Shareholders’ equity as at 30 April 2019 $42.6 million
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25-05-2020, 01:17 PM
#155
Ron the picture collector, not judging him yet but does not look good atm, the court case will be very revealing and will be followed very closely by all former and current BIL , IEL, IEP and TKM shareholders !!
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25-05-2020, 01:19 PM
#156
Originally Posted by CD_CHCH
Valid point.
Chairman
Alastair Gibson Kerr December 2017
Directors
Tony Donald Allison June 2016
Benjamin John Powles December 2017
Antony David Karp June 2018
CEO Roy James Campbell started 1-May-2015
Still you have to wonder how they managed to wipe out $42 million in equity in just 12 months
30-Apr-19 Audited Annual Report. NTA 77 cents per share. Shareholders’ equity as at 30 April 2019 $42.6 million
Have a look at the class of 1987 for wealth destruction, makes this mob look like kindergarten kids.
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25-05-2020, 06:42 PM
#157
Originally Posted by whatsup
Have a look at the class of 1987 for wealth destruction, makes this mob look like kindergarten kids.
Not wrong there either
but out of the ashes there were some very spectacular & potentially huge goldmines with bounce backs on a few like Hellaby
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