I am a bit confused why you needed to start a new thread, for your first post with AGM observations, since there is an active AGM thread already? Seemed a bit odd to me..but that's neither or there.
I agree with you on some of the points raised...to be clear, I will share my views in your order:
1. yes, this appeared to be so but for an AGM attendee is already an A2M SH? Doesn't that meant the SH already has done A2M company research and its not the BoD F2F performance that drives a new purchase? Yes, the video call lack dynamism...but you have to take the context of the BoD age group (they are all from the time where F2F AGMs were always conducted & no doubt many important presentations too). Projecting their normal vitality in running a Top 50 company, cannot be done easily over video to an audience that they can't see NOR engage with to get live feedback of their presentations. The recent US election debates, footy games, tennis matches played in empty stadiums too came across many times as surreal, flat....b/c there was no audience to bounce energy off. And all those video switches between countries/people..keeping track of biz items, responses, votes, on time...there is a lot to do so it ends up being like a 'work meeting'.
2. His remarks were accurate and yes, A2M company BoD has used the Dyson example a few times. Yes, they could upgrade it to TSLA or a renewable energey provider to be more 'current' comparison.....but the logic is still the same. A2M is the originator + disruptor in its field...first one since the A1 cow mutation? And still is the disruptor globally. No other brand has as much sales or brand awareness or A1/A2 milk market share penetration. Many are trying (same as vacuum cleaners, EVs, renewables etc) to emulate the same originator..and naturally trying to better the product + pricing. But the originators in all these industries still enjoy the larger brand awareness, first mover advantage...as long as they keep ahead, they are all doing fine.
In the end, a point that is often missed by folks..even more A2 competition, that is v good for A2M overall (and all A2 product companies)...as they are not taking share from each other...they are taking it from the A1 market, which is far larger & still many decades away from 50%+ penetration...unlike vacuum or EV markets, where global market value is the same for all the companies in it.
3. Yes, I winced at this too. This is actually a known strategy that A2M shared a few times in the past. GB though did try to deflect this a bit in his following-up remark...because it doesn't sound good, even if A2M ensure there is just enough supply for local ANZ families (+anyone can contact the company is local shop is having stock difficulties). Seeing GB's comments, I would think he would counsel DH on using different wording next time.
4. I need to re-check this one, can't remember the context of this.
5. This is neither here nor there. We retail SHs always seem to hold BoD share ownership on a un-changing pedestal..like they aren't people with bills, complex tax laws across countries to manage + other investments etc that need funds moving around. DH is in the UK, he had a tax bill, needed to move some A2 shares to pay the bill.
Yes, past JH CEO share sales did hurt the company 'view' in lots of eyes...but in the end, the BoD have their rights to do as they please with their shares, as we do with ours.
If I sell 1m shares this week, no one will question why I brought the price down...or set tongues wagging on the 'massive' sell-off happening, because no one knows me. If a BoD does it, well, that's starts entire regiments of tongues + analysts talking like its a 'problem' or 'insider knowledge of something bad'...its a bit double-standard. In the end, if A2M company keeps growing as per guidance YoY, I couldn't care less..
(20min delay)