Ann: 2017 AGM Addresses, page-6

  1. 2,185 Posts.
    lightbulb Created with Sketch. 206
    I want to add some more important notes.

    Acquisitions
    " A very solid financial footing" will lead to reappraisal of the group amd a new financial facility from Scottish Pacific in the next few weeks will allow the company to pursue futher possible opportunity where capital must be applied in the best interest of shareholders in other words, no dilutions.

    Buyback
    A buyback program for unmarketable shares will allow the company to focus on returning to shareholders equities and to reduce share registry costs as the company understood there were some financial costs affected to former units holders.

    Sale margin
    "positive margin affects" have been noticed in recent months due to favorable exchange rate usd/aud and the drawdowns in australia inventory allow the company to invest in products that lead to more regular incomes and high inventory turns as the company indicated there was an increase in inventories across all divisions

    corporate costs
    2M in australia division alone is the lead indicator to say the company is operating very efficiency with this size of the company and that will impact positively to overall EBIT

    upshoot
 
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