Hi all, just wanted go over some points from the recent AGM i have been thinking about that some have touched on and others not .
Please correct me if i am wrong ,to any of the other attendees if i have miss interpreted anything .
All is IMO and interpretation
Firstly ,MF mentioned in his Presentation that they deliberately decided not to advertise since rolling this out , and that everything to date has been on word of mouth only (which i really like )
Considering this ,and the amount of interest to date only gives me more confidence , and i have to ask myself why do they not want to or feel the need to advertise ?
Is it because they feel that they will be in such demand that there is no need ? this was the impression i got .
They could not go to the Licensees with a concept not proven and so went to the practices and have shown them that they can contractually save them 40 percent and proven this over the past year or so .
Having proving this , word has spread and now the Licensees are interested ( which i guess is why no need to advertise )
Mark also went over , how each company has different requirements and so they can tailor make the programme/s to suit the specific need of that particular company .
Maybe this is what future product development money is going towards from the CR ?
Lastly and the most exciting for me was a couple words spoken from MW, when asked about future forecasts and earnings , which he could not comment on due to legalities .
He replied that by looking at the NPAT targets and the the table with practices needed to achieve those targets (shown on a slide )we could work out ourselves the future forecasts roughly , and that you can clearly see we would have EXPLOSIVE GROWTH if those targets were to be met .
Those 2 words stuck in my head and have been going round for days now , i don't think its a exaggeration as if we do meet those performance targets i would say that would be explosive growth .
Just one thing for all to think about .
If all the performance targets are met in the next 2 years, then what would growth be like in the following 2 years in 2020 ?
Mark said they plan to be Australian NO1 financial services provider , and if all targets are met and continue to do so then i believe its possible .
All this is IMO and based on my interpertaion , I no little about this industry and attended the meeting to understand more about the company and my investment .
Just wanted to share my thoughts and hope this wont provoke any troll attacks
GLTAH.
ps . A poster here mentioned something about a unicorn , which has me thinking now …...
Hi all, just wanted go over some points from the recent AGM i...
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