RE: meeting questions18 Mar 2019 09:39
Right chaps going to keep it brief and to the point. Firstly the meeting was only for voting purposes, the chairman Simon Heale did ask if anyone wanted to ask any questions before the votes.
I asked about how many shares Seafox held, they hold 13.75%
Next question was do they intend to add anymore. He could not answer that
How do they intend to make 30% savings , again I would have to ask seafox that. I then asked if there was a seafox representative, which there was but he said he was just an observer, had no intention in any dialogue.
I spoke to the outgoing chairman and he said the key things to look at as a shareholder is, day rates, loans and utilisation rates. He eluded to the share price being ridiculously low as I had asked him about my investment. He also confirmed that they are advanced in their search for a new chairman and there should be an announcement within the fortnight.. Hope that helps, I came away with the impression the SP is a Barry Bargain and Seafox are not very transparent etc. I’ll be holding on to my shares for sure and would add if I had spare funds. GLA and DYOR