Ann: NTC AGM 2018 Presentation & C'man / CEO Address, page-5

Thanks to the guys who noted down some key parts of the meeting which helps everyone.

it is most clear the board has rcvd a strong message from disgruntled shareholders and essentially the first 45 mins were spent with a mixture of defending the rem in detail, addressing the share price disappointment (mr Milne saying a US equivalent of netcomm would be valued at 2x revenue (400m). The need for more and detailed comms was also addressed and a healthy discussion and questioning took place eventually.

I will continue to take a long term approach with ntc but also keep them accountable, a resounding display of 16m votes against rem caused some stern faces.

 

Im glad shareholders pulled no punches today I had to chuckle a few times at the qs, the arrogance or nonchalant behaviour some ppl discussed as being present in the board in previous agms was no-where to be seen.  

Lastly I believe we are close to some sort of breathrough in the UK with BT, G fast to help revenue later in fy19, and some sort of 5g product released within 6 months.