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19-07-2023, 10:05 PM
#7851
![Quote](images/misc/quote_icon.png) Originally Posted by Ricky-bobby
Thanks Ronaldson, would they have the liquidity to be in the nzx50?
Agree with Alekhine's post above. I believe index inclusion criteria takes account of "free float" only and that all shareholdings in Turners qualify as such.
The last Annual Report, for FY23, indicates a spread of over 4800 shareholders. The Chairman, Grant Baker, has 7.44% via Montezmolo Holdings Limited, Director Alaister Petrie 12.24% via Bartel Holdings Limited and Director Mathew Harrison 7.47% via Harrigens Trustees Limited and other family interests. These shareholdings may be both beneficial or as trustee. Even Todd Hunter, CEO, has almost 1% so there is plenty of skin in the game.
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24-07-2023, 09:17 AM
#7852
Another lot of Directors jumping on the gravy train craze and wanting big pay increase
That Strategic Pay outfit must be creaming it these days …….changing a few numbers in a standard template at regular intervals and no doubt charging an arm and a leg for ‘coming up’ with a good number
Another NO vote from me ..but they won’t care
http://nzx-prod-s7fsd7f98s.s3-websit...114/398950.pdf
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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24-07-2023, 09:22 AM
#7853
![Quote](images/misc/quote_icon.png) Originally Posted by winner69
Another lot of Directors jumping on the gravy train craze and wanting big pay increase
That Strategic Pay outfit must be creaming it these days …….changing a few numbers in a standard template at regular intervals and no doubt charging an arm and a leg for ‘coming up’ with a good number
Another NO vote from me ..but they won’t care
http://nzx-prod-s7fsd7f98s.s3-websit...114/398950.pdf
Sounds like they are taking a page from the McKinsey playbook......
First thing they say are the board/senior management are underpaid and behind the market etc.
So they keep getting employed and those hiring them know what they are going to say.
No, no, no, I'm not a cynic!
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24-07-2023, 09:28 AM
#7854
did us shareholders get a payrise this year? i dont really follow the dividends tbh, its just money that turns up in my account.
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24-07-2023, 09:37 AM
#7855
![Quote](images/misc/quote_icon.png) Originally Posted by Rawz
did us shareholders get a payrise this year? i dont really follow the dividends tbh, its just money that turns up in my account.
Last 4 quarterly divvies were 23c total. 4 quarters before that was 22c total. That's about a 4.54% increase....
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24-07-2023, 09:40 AM
#7856
![Quote](images/misc/quote_icon.png) Originally Posted by Rawz
did us shareholders get a payrise this year? i dont really follow the dividends tbh, its just money that turns up in my account.
No pay rise for this year rawz …they used word ‘flat’
And the 40% increase they after is greater than dividend increase from when they last increased their pay
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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24-07-2023, 11:21 AM
#7857
I read the 17 page report from Strategic Pay. I don't begrudge some increase but will vote against the proposal for a 38.3% increase to $920k in total.
While I have proxied to NZSA under all hats for holdings I manage I will take back the proxy in this instance and vote NO. Of course, I don't know what NZSA are intending to do currently so that may not be necessary. I will wait and see.
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24-07-2023, 03:43 PM
#7858
Might be different if Tina was getting a 38.3% payrise too......
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24-07-2023, 04:00 PM
#7859
When they sent the notice of ASM in 2018 saying they need a pay rise the TRA share price was $2.91
Share price up 24% since then ….and they want a 38% pay rise …whose kidding who
NO from me
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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24-07-2023, 04:11 PM
#7860
Trusty old RBNZ inflation calculator says $665k in Q3 2018 is now $799k
Using the Wage Inflation bit it $824k
And they want $920k
Somebody mention greedflation or similar term the other day
But Strategic Pay say they deserve it and of course top calibre people as well
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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