Just coming from their virtual AGM. I guess this seems to be new for them as well - haven't seen yet any AGM where they rushed that quickly through the questions ... It was something like - here are the movements, no questions asked - meeting closed (roughly in the speed you can read that).
Next time I better prepare and enter the questions before the meeting, no chance to do that at question time.
But anyway - the presentation was interesting ... and I was pretty pleased to hear that their business up to end of April 2020 was better ($18.8m sales) than for the same time frame last year ($14.9m sales), despite 2019 having been their best year so far.
http://nzx-prod-s7fsd7f98s.s3-websit...700/323223.pdf
Sounds as well they are quite happy with the margins they are able to achieve "We get the prices we planned for"
They expect however some softer demand in Q4 2020 and FY 2021, but predict to be profitable for FY 2020.
Great company - and in my view ways undervalued ...
Originally Posted by BlackPeter
Reply With Quote
Bookmarks