Ann: 2022 AGM - Chairman's Address and CEO's Address, page-28

I also topped up last week (at $4.95) thinking the reported outlook was fully priced in by the market. I don't think the company is in any sort of death spiral, but listening in on the AGM today, I didn't find management very inspiring with their narrative and general tone. As one person pointed out during question time, the company might benefit with better public relations.

I used to install their HF transceivers and antenna-couplers into helicopters back in the 1980s. The engineering of these radios was absolutely first class. Aside from world-class metal detectors, this company has always made great communications products. But I don't think they do a great job helping the market to understand in simple terms how well these communications products deliver real-world solutions.

I believe the DTC and Zetron businesses are the future of this company, and they might do better by helping the market fully understand the growth opportunities these businesses present.