My Report on the AGM27 Dec 2023 08:27
There were only three PIs at the meeting.
From the company, AK, Ewen Ainsworth, SK, Amanda (Bateman?) the Company Secretary and a couple of others.
As I was expecting imminent news on the new directors, I asked when we would be told who the new directors were. SK said the company couldn’t answer the question as those in the room would know in advance of the market and that would be illegal.
And before I had arrived home in West London, an RNS was released answering my question. Premonition?
After the formal business of the AGM was completed, I chatted to AK. I asked whether he had plans to do a shareholders’ presentation and/or meeting and promoting the company to a wider audience. His reply was very emphatic saying that it might be online as arranging F2f would be difficult and expensive for the company and for shareholders travelling to (presumably) London.
He was also very emphatic and quite excited about there being a lot of good news releases during Q1 of 2024. He has a very clear vision and focus on what he wants to achieve and, I think, he is in a great hurry to do so.
I congratulated him on what he had achieved in just nine months and was very quickly corrected by him saying SIX months!
This is only my own opinion, which may be wrong and a little over optimistic, but I think the target of 2p per share is going to come a little sooner that we think.
Of all the CEOs/Chmen of companies I’ve invested in over 25 years, my impression of AK is by far the most positive.
‘Nuff said. Don’t want to be accused of irresponsible ramping.