Brett MH gave a comprehensive summary which webinar will confirm.
Some useful stuff which was likely not picked up by the camera:
- the whole team including technical guys were relaxed, cheerful, confident, enthusiastic.
- on mentioning the grim market today, Ian was unphased, something along the lines of "we are not sellers, capital markets do what they do".
- they would like to be able to provide more business detail, but this is limited by a combination of strict ASX rules and publicity shy clients.
- USA utilities are their biggest customers (ACV) but pay slowly due to administration delays.
- December quarter is generally good for cash receipts as is EOFY for USA customers and they often have to use up budgets.
- Sept is worst quarter as USA is on summer holidays.
- Biden infrastructure bill is going to be a tailwind for many years.
- Ian was not happy with the AGM venue as it was grubby and late to open, hopefully somewhere better next year. Have used it for some years to facilitate Basset's busy schedule (office upstairs) but I suggested he hops on the train to Subiaco next year as the Vibe Hotel across the road from the 3DP office is a much better venue. Much easier for the team (and me).
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