Ann: AGM 2016 Chairman's and Managing Director's Speeches, page-2

A great address from CEO/MD Peter Summers.
Note an income for 2016/2017 weighted to the second half, with increased completions in the 2018 year expected to then give an uplifted profit.
A peculiarity I have noticed with other building companies, some with high rise developments, is that the building cycles do not always complete within a 12 month accounting period, thus making a two or three year period more indicative when considering profits.

On a lesser note, the vote against the Remuneration Report seems to have come in about 16%, with the other items a shoe-in for the directors. Why some of us shareholders received phone calls urging us to vote in a certain way is to me now more obviously because they feared a first strike against the Remuneration Report. Still a long way off the required 25%, but I can understand some nervousness considering strikes against other companies. I wonder what the result would have been had those phone calls not been made.

Cantankerous James, hoping Peter Summers is able to deliver