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HVN, HARVEY NORMAN HOLDINGS LIMITED
henrietta
post Posted: Mar 12 2020, 10:46 AM
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This should make Gerry smile ....

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Targeted households to get $750 cash


Cheers
J



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"Sometimes I sits and thinks, and sometimes I just sits." Satchel Paige

"No road is long with good company." Traditional
 
blacksheep
post Posted: Dec 6 2019, 02:51 PM
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In Reply To: blacksheep's post @ Nov 27 2019, 12:27 PM

Interesting read - opinion piece from Ownership Matters Dean Paatsch on renewed calls from CEO's and media commentators re an urgent need to regulate "powerful proxy" advisers following the recent HVN AGM.

The director's club is febrile, shameless
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It is notable that the critics of proxy advisers express no concern over shoddy but favourable sell-side research and the retinue of undisclosed holdings that affect analyst recommendations.

read more - https://www.afr.com/companies/professional-...20191205-p53h3r





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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Dec 1 2019, 03:10 PM
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In Reply To: blacksheep's post @ Nov 27 2019, 12:27 PM

Extended interview with Gerry Harvey
Harvey Norman Chairman, Gerry Harvey, speaks to Elysse.
https://www.abc.net.au/news/programs/the-bu...harvey/11743838



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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Nov 27 2019, 12:27 PM
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In Reply To: blacksheep's post @ Nov 26 2019, 10:41 AM

Second strike for Harvey Norman
By Dominic Powell
QUOTE
Retail giant Harvey Norman has received a second strike against its remuneration report at its annual general meeting on Wednesday, paving the way for a board spill vote later in the day.

A total of 47.56 per cent of proxies voted against the pay deal for executives, slightly less than the 50.6 per cent which voted against the report in 2018.

Proxy advisers Glass Lewis, Ownership Matters and the Australian Shareholders Association had advised a vote against the report, pointing to governance issues at the retailer such as the non-independence of directors and the method of awarding short-term incentives.

If 50 per cent or more of eligible shareholders vote for the board spill, the company will be forced to put its entire board up for re-election.


HVN shares are down 0.4 per cent to $4.305 today.


Sparks did fly at the AGM - see Stephen Mayne's tweets https://twitter.com/MayneReport
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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Nov 26 2019, 10:41 AM
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Posts: 6,791
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In Reply To: blacksheep's post @ Nov 18 2019, 07:21 PM

Stephen Mayne on Gerry Harvey’s fans in the Murdoch media as fiery shareholder showdown looms

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Embattled retailing giant Harvey Norman reported $391 million of marketing expenses in the 2018-19 year and is believed to be spending close to $100 million of this directly with Rupert Murdoch’s News Corporation.

https://www.michaelwest.com.au/stephen-mayn...showdown-looms/

https://www.shortman.com.au/stock?q=hvn
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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Nov 18 2019, 07:21 PM
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Posts: 6,791
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AGM on 27/11/19 - should be a cracker biggrin.gif

Harvey Norman set for fiery AGM as investors arc up over directors, pay
QUOTE
The peak body for Australian retail investors has accused $5.2 billion retailer Harvey Norman of failing to listen to minority shareholders, with the company likely to face a rare vote on whether to spill its board at its upcoming annual general meeting.

Australian Shareholders' Association (ASA) representative Pamela Murray-Jones also labelled the ongoing commentary about chief executive Katie Page a "red herring", imploring investors to focus instead on the key issues of governance and culture at the business.

Issues at Harvey Norman have been drawn into focus over recent days following a recommendation from prominent proxy adviser Ownership Matters to appoint non-endorsed candidate Stephen Mayne as a board member on the retailer's board.

This prompted chairman Gerry Harvey to hit back at proxy firms, calling for regulators to investigate the sector and accusing large shareholders of blindly following their directions.

read more - https://www.smh.com.au/business/companies/h...118-p53bmg.html

Total short positions as at 12/11/19 = 7.82%
https://www.shortman.com.au/stock?q=hvn

5 year chart

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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 

Featured Stock Stories





blacksheep
post Posted: Oct 16 2019, 11:47 AM
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Harvey Norman cap raising falls short
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Electronics and furniture retailer Harvey Norman has suffered an $8 million shortfall in its latest capital raising, exceeding predictions of a $4-5 million miss from executive chairman Gerry Harvey. In a statement to the market today, the company announced 95.5 per cent of its entitlement offer was taken up, leaving the retailer with a $7.8 million shortfall.

Shareholders were offered one share for ever 17 they owned at 2.50 a share, a massive 43 per cent discount on the company's share price at the open of the offer. Shares fell 2.3 per cent to $3.90 following the announcement, continuing the stocks’ 7 per cent drop since Tuesday.

Harvey Norman had intended the capital raise to pay down its debts and prepare the company for a potential recession, but on Monday Mr Harvey predicted the company would fall about $4-5 million short. At the time, activist shareholder Steven Mayne predicted this was due to the offer’s structure, saying the 1/17 ratio meant “many people will just say they can't be bothered”.

https://www.shortman.com.au/stock?q=hvn
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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
mullokintyre
post Posted: Mar 28 2019, 08:14 AM
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In Reply To: nipper's post @ Mar 27 2019, 05:45 PM

NAh, its a COW.
One of the leftovers from the ill fated adventure with the dairy in Goulburn Valley.

Mick



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sent from my Olivetti Typewriter.
 
nipper
post Posted: Mar 27 2019, 05:45 PM
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QUOTE
Harvey Norman appoints first new non-executive director in 14 years
...........is the clickbait. Is it a horse?



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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
blacksheep
post Posted: Nov 27 2018, 01:33 PM
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In Reply To: blacksheep's post @ Nov 25 2018, 07:48 PM

First strike at tense Harvey Norman AGM
QUOTE
Harvey Norman shareholders have delivered a first strike against the company's board during a tense annual general meeting at which a bullish Gerry Harvey declared critics of the retailer "totally friggen mad".

The homeware retailer's remuneration report was rejected by 50.63 per cent of shareholders, well over the 25 per cent required for a first strike, meaning a repeat next year would trigger an automatic spill of a board that has been unchanged since 2007.

Australian Shareholders' Association representatives at Tuesday's meeting in Sydney were lambasted as "agitators" by Mr Harvey after the group had said it would vote against the report.

"There are people sitting in this room who think we are crooks; we are not crooks and we're very upset that you think we are," Mr Harvey said.

"There are critics among you who are mad - totally friggen mad."

Shares in Harvey Norman were up 2.66 per cent to $3.09 at 1325 AEDT on Tuesday, still 35.1 per cent lower than a 20-month high of $4.51 back in March.

https://www.news.com.au/finance/business/br...952adc5b6052aeb



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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
 


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