Ann: FY23 Results Presentation, page-19

As I have stated again and again, we need new leadership and attract better talent both at the board and KMP.
DW and his cohorts of board of directors (no need to name names but one only have to take a deeper look to see who they are, they are on multiple boards together) haven’t done a good service to LTH for a number of years and again to multiple companies that they are on together so I would be voting no to whoever is up for reelection from his group.
CFO/ company secretary is not great, his presentations and new releases are terrible. fact 1: June 23 was another revenue historical month 7.4 m, and Q4 was a historically quarter of 21.3m. Fact 2: he has not had a consistent way of presenting financial figures especially in previous quarterly and sales updates. Looks out of depth as a cfo for a top asx listed comapny
company (pay peanuts get monkeys).
New head of Legal/new company secretary, this position that was mentioned I hope DW and CEO don’t cheap out and pay peanuts and get another monkey. Company need talent not a bum on the seat.
CEO- I am withholding my opinion on Swami but he hasn’t yet delivered to date.

Overall, revenue came in in the lower range of my estimate at the start of the year due to Q3’s lower than expected growth and the reduced momentum in US growth (34% in USD). I would have liked an explanation on why US sales growth have slowed even though we have had some many more staff on boarded and also update on the GPO sales (or lack thereof).

going forward, I hope to see
1) DW, BoD, KMP grow a pair and actually put up yearly revenue estimates like most other top asx companies, internally they must have a target/ KPI, why withhold such estimates, share with the market
2) attract better talents, don’t need bum on the seats and don’t get monkeys
3) consistent reporting time and news releases (not adhoc
but same form and format for financial data and worded properly, and not ones that the cfo decides to do at that poin in time)
4) changes to the BoD and in time the chairman, DW has ran out of it’s the shorters’ fault excuse this time for the poor SP performance. IMO, DW is a specialist and good to great investment banner in turning businesses around but not great to outright bad at taking business on a Great Leap Forward (look at his track record). He also have his fingers in too many pies already and is gonna to poke into more (bubs, caviars etc)

just my two cents worth