Australia's largest stock trading and investment forum Australia's #1 stock forum

TGA

0.00%

$1.17 thorn group limited

apologies due, i thought I did answer you the other day. answer...

First 17 Last

Share
Profile

Follow
Tinwins

15,751 Posts.

545

02/11/20

12:10

Post #: 48580181
Share
Originally posted by techthumb ↑

My list of reasons to vote against the current board:

They made a bad call when they chose not to sell Thorn Business Finance

Lack of transparency:They haven't communicated their plan for the company in the short, medium or long term

My trust in the existing team efficiently using incoming funds to leverage the Radio Rentals brand is low.

Cheap stalling tactics at the expense of minor shareholders: https://hotcopper.com.au/threads/ann-request-under-section-249d-of-the-corporations-act.5687696/

Not working with other shareholders like Forager who have cut them some slack: http://www.takeovers.gov.au/content...a_releases/2020/059.htm&pageID=&Year=

My list of reasons to vote in favor of Vaspip 2 propose to replace the board:

They plan on returning excess capital to current shareholders

De-merging Radio Rentals and Thorn Business Finance provides shareholders the CHOICE to stay or walk away from the company.

I'm going to vote YES/FOR for all proposals.

@Tinwins After having read the commentary in this & other threads, are you forming an opinion.
Could you share your thoughts on your decision and how discussions on HC helped you form it?

Expand

apologies due, i thought I did answer you the other day.
answer still the same though, I cant offer any opinion on this I went in a a punt that the change will happen plus the generous special div.
I think you have summed up the situ well.
TGA Price at posting: 15.0¢ Sentiment: Hold Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

TBN

Tamboran kicks off Shenandoah South pilot project with SS-2H well spud

HVN

Consumers cautious according to Harvey Norman, as profit slumps 35% in FY24

CCO

The Calmer Co’s Anthony Noble reflects on record breaking FY24

VYS

Vysarn acquires Waste Water Services Pty Ltd for $7.5M; WWS to become subsidiary as expansion continues

HLX

Helix investor makes partial takeover bid, proposing board changes

PYC

PYC achieves key designation for drug aiming to treat blinding eye disease ADOA

Week 35 Wrap: HotCopper’s top watched; ‘iron ore winter’ has started; Oz inflation @ 3.5% MoM; Harris fracking flip

LLC

Lendlease sells off US east coast construction operations in latest global divestment push

Consumer Staples Shine Amid Retail Slump – Key Stocks to Watch

CYM

WA Nifty copper project steps closer to restart with Cyprium Metals inking $40M loan from Glencore

There are more pages in this discussion • 13 more messages in this thread...

First 17 Last

Add TGA (ASX) to my watchlist

apologies due, i thought I did answer you the other day. answer...

Top Stories

Tamboran kicks off Shenandoah South pilot project with SS-2H well spud

Consumers cautious according to Harvey Norman, as profit slumps 35% in FY24

The Calmer Co’s Anthony Noble reflects on record breaking FY24

Vysarn acquires Waste Water Services Pty Ltd for $7.5M; WWS to become subsidiary as expansion continues

Helix investor makes partial takeover bid, proposing board changes

PYC achieves key designation for drug aiming to treat blinding eye disease ADOA

Week 35 Wrap: HotCopper’s top watched; ‘iron ore winter’ has started; Oz inflation @ 3.5% MoM; Harris fracking flip

Lendlease sells off US east coast construction operations in latest global divestment push

Consumer Staples Shine Amid Retail Slump – Key Stocks to Watch

WA Nifty copper project steps closer to restart with Cyprium Metals inking $40M loan from Glencore

Featured News