I attended the AGM this morning in company with Marben, Emptyend, King McKong, Jonnylite and several other Gentlemen, Stockopedes and Fools whose noms de plume I have temporarily forgotten. (I will add in any names that come back to me or which are posted below.)
The official business was the usual shtick with lots of official motions being driven through very briskly on the back of a gazilion proxy votes and the unanimous support of the assembly.
The real substance was the presentation given by Tom Cross the CEO and Stuart Paton the Technical Director. This was extremely detailed - so much so that the speakers did not have time to present every slide but rattled through their material at a great pace skipping over anything that did not demand attention. There were questions from the floor. Management made themselves available for informal discussion both before and after the formal proceedings.
I took many pages of copious notes, as did others. I intend to write an account of the AGM but will need to spend a little time transcribing my almost indecipherable notes and cross-referencing them to the minutely detailed presentation handouts - that will take some time I'm afraid and since I won't get home before midnight, it is unlikely to get done today or tomorrow. But I will try to get on with it before the end of the week. If the others present want to make this a team effort, perhaps we can do a round robin kind of thing and post something collectively......
Material covered included the full range of current and planned operations and a lot of detail on the Dutch acquisition. There is a huge amount of detail and a lot to digest.
Given that I'm writing this on a pay as you go internet terminal at ABZ airport and I have no more £1 coins, that's all I can say for now.
Except that I thought it all sounded very positive. I have already started rebuilding my stake which I sold a few weeks ago at a price a fair bit north of today's level.
The author may hold shares in this company. All opinions are his own. You should check any statements that appear factual and seek independent professional advice before making any investment decision.