Well gents had the great pleasure of attending the AGM in Perth today
lucky for me not on shift so what better way to spend a sunny day in the city
from the opening it was full steam ahead.
very much like this board of professionals everyone was greated like an old friend and the meeting opened with CB talking about people and how relationships with all employees is the centre of his thinking this man has been in the game a long time built plenty of great company's and rescued one as well ,very admired in Perth took the time to thank all the directors personally and thanked some of the top twenty share holders for their ongoing friendship and support directly from the meeting table even pointed out the Chief operating officer DH was the first employee many years ago when there was just a few of them now asx listed and turning over good $
MB took the floor and impressed with his presentation answered all questions superbly and added some good indicators of the industry at present our company size and our benifits of position to grab hold of the low hanging fruit that keeps giving us year on year contracts very much drove home the fact 900 million worth of contracts tendering on and this is replicating annually,especially liked when he said i will take all questions and hard questions to the room at the end of his presentation ,very much got a feel the majors are looking at our lean fast acting structure and have positioned themselves in some sort of joint venture going forward no details of names or projects yet but when the board smiled behind him I understood these men have not sat still for a second .
Pipe line of projects
international company's looking to jv with us
repeat work
tank farms
oil and gas
mines and minerals
very well positioned for the coming upswing as defered spending
is leaving mining company's residual life at critical levels
More shutdowns more unplanned outages
more guys more work
Holding these shares guys I encourage you to hang on
Big years ahead
regards thedoors
TPP Price at posting:
23.5¢ Sentiment: Buy Disclosure: Held