Todays AGM27 May 2013 21:26
I went along this morning and left there feeling very confident on the future of Lamprell. Whilst there wasn\'t any news that is not already public disclosed there was (from my point of view) a very positive outlook.
Firstly this is my version of events and I didn\'t take extensive notes so do not take anything I write as gospel and I apologise for anything that is wrong as several individuals commented that they read the forums.
In terms of shareholders there were six present including Steven Lamprell an his lovely wife Gillie who both took the time to introduce themselves, in relation to the article above about the location of the AGM I mentioned this to Deena Mattar (ned and who also took the time to come over and have a chat) and she commented that as an Isle of Man listed company it had to be held outside of the UK for tax reasons.
The meeting generally started and went through the resolutions uneventfully other than a reporter who had arrived 15 minutes late and was not granted access, he/she was relayed a message that John Kennedy would speak to them after the meeting, when I left there wasn\'t any sign of the reporter waiting so if anything is wrote about being barred its because the lazy arse couldn\'t be bothered to get somewhere on time and not because anything was happening untoward.
The meeting was then opened upto questions, basically a summary of answers were that the company is in a much better place, there is support from the banks, the company has a very good reputation with its customers for the quality of its work and staff, they had to get the Olsen boats out on time (which they did, even 24hrs early) which they had to use a lot of labour (not in the most efficient manner than they normally would)for and this delivered a 7m dollar bonus, that they are busy and have foresight for this years revenues and part of next years.
The meeting was then brought to a close and I then had a brief chat with Steven Lamprell who came across very confident that the business is moving forward and has the right team in place to do that. Two of the directors gave me their cards and told me I could contact them if I had any further questions as did Steven.
In summary I left a lot more confident than when I went in and found it a good expierience (my first AGM), I found people open and the rhetoric sounded very confident and bright at the same time as there is hard work been done over the last six months and that has to continue throughout this year.
Once again, these are my observations and feelings, and if anyone is wondering the biscuits were like a light butter shortbread.
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