Ann: NTC AGM 2018 Presentation & C'man / CEO Address, page-12

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Jedicav

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21/11/18

17:58

Post #: 36591953
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Originally posted by Kenbyw ↑

Originally posted by garyjj
At AGM. About 60% vote against the remuneration package which has to be one of the higher first stikes. commItted to showIng how precIsely the Long Term Incentives % Is determIned but cannot tell us thIs prior to the FY due to competItIve reasons. wIll do next year at the AGM for FY19
main point as Wilbo said - must sign NDAs and cannot talk about deals - intimated this was exactly the case when obtained AT&T and even after. Ken Sheridan made comment about past deals but included BT which is not a past deal - then explained that they are in the same situation as they were with eg AT&T. But then he detailed that they are in discussions with a few large deals (so don't take it as any deal imminent at the moment!). Feeling is need to stay in there
QuestIon from floor as to why The Board dId not announce DavId Stewart's retIrement two years ago If he retIred so quIckly after that AGM! Good question TIm!
I attended the AGM. My impression was that the Chair and Board were going to take more notice of shareholder interests going forward. Their attitude was better. The problem I see for shareholders/ investors is the very sketchy (unquantified) information about the company's future. There is no guidance past 2019. The progress on future contracts is restricted by NDAs. This situation was basically the same at the 2016 and 2017 AGMs. If the company can't estimate future earnings, then it may always remain under valued, because the SP is very strongly influenced by the net present value of its future cashflows. In other words an outstanding result in 2020 (like 2018) may not lift the SP if the company won't provide estimates of future earnings growth.

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They could always lie like most asx listed companies

NTC Price at posting: 72.5¢ Sentiment: Hold Disclosure: Held
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Ann: NTC AGM 2018 Presentation & C'man / CEO Address, page-12

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