I attended the AGM.
The ASX released reports provide a lot of the commentary discussed at the meeting. There was talk of Dividends (subject to profit) towards the end of the year based on payout policy (60%?? not sure).
Vic training application submitted and the result of this should be in before Christmas. Failing this then there isnt much left in Training to add to the bottom line.
Hire business doing well and they mentioned pipeline was good. Someone asked about the impact of Amazon and the board noted they don't chase retail work (even though they have the opportunity). They are after higher grossing work (I believe such as concept).
There was really nothing out of the ordinary or anything that jumped out.
The main issue on share price right now is the AEF selling down. I suspect we may head lower as they offload their 10m shares.
I was planning to ask whether Shrimpton had ambitions to take the company private (given the high costs), but totally forgot. I hope he has no intentions to do this!
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Ann: CFO 2017 AGM Presentation, page-10
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