Attended AGM - new directors are impressive - certainly their track record with BLR is excellent.
Stated that they were only interested in introducing a quality asset into the business to ensure all shareholders, including themselves now, received value for their investment.
Asset likely to be outside of Australia as they consider that there are multiple companies all chasing a limited number of assets in Australia which are of suspect quality.
Obviously couldn't give a time line but said that they were actively seeking various options.
These fellows are professional directors and are aware of their directors responsibilities and were careful with what their said in that forum
The share is a "spec" until they put something in place but I came away from meeting feeling confident that they will work to increase shareholders value in the short term.
SBL Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
