Good AGM- Summary response:
1) US and China sales penetration - China is their fastest growing region. New arrangement with GTC USA should see faster growth in the US. South America was the surprise growth area. CLV are investigating plants in Mexico for manufacture
2) Pipeline of long term product trials being converted to sales - Hard to predict however nice big pipeline can come on line between now and within 2 years
3) The handling of foreign exchange management: Well managed with an array of tools being used.
4) The rumoured sale of the soy assets ( this will have a dramatic effect on the bottom line - ie positive
Thye have had 4 interested parties with one being serious, they hope to sell beans , plant , equipment and land by Q1 2011
5) Improved margins- especially with powdered based products
6) Future R and D commitments - small
7) Dividends - future? May consider an interim dividend based on dec results due in Feb
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