For personal use only
22nd December 2021
The Manager
Company Announcements
Australian Securities Exchange
By electronic lodgement
AGM Presentation
The attached AGM presentation has been authorised for release to the market by
Philip Chard
Company Secretary
Tel 0424 814156
DomaCom Limited | |
AGM | |
Chairman's Address | |
only22 | December 2021 |
nd | |
ASX: DCL | |
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Chairman's Address - Opening Remarks | |||
only | Whilst last year was an extremely exigent year with Covid, this year has been | ||
• | |||
one of the most unusual challenging and exacting years with not just one major | |||
challenge but many | |||
• 30 years on Boards and the last 15 years in Chair roles I have never experienced | |||
use | the level of unscrupulousness some people will go to try and thwart a | ||
transaction | |||
DomaCom has been collateral damage in this process and has resulted in | |||
• | |||
putting significantly more effort, time, energy and dollars in dealing with these | |||
issues | |||
• The management, staff and the Board supported by both new and long term | |||
personalr | shareholders, with their unwavering belief in the future of fractional investing, | ||
have stuck to the task | |||
• We are stepping forward at a much faster rate and looking to push | |||
through the $100m barrier shortly. | |||
• | With continuing progress on many fronts, we are starting to gain some | 2 | |
momentum |
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Chairman's Address - Board Renewal
- Board larger than normal - interest of material shareholders
- Importantly, good timing for change
- Retirement of two long term Board members - An enormous thank you to Peter Church, David Archbold for their contribution through these formative years
- Unconnected - Graeme Billings moved to Chair another ASX listed company. Also a very big thank you particularly in his guidance and support in Audit
- Board renewal will continue in 2022 -ASX Good Corporate Governance principles
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Chairman's Address - Environment
only | |
What does our operating environment look like ahead | |
• | Interest rates to remain low to 2023 at earliest |
• | Bond yields to rise if inflation stays steady at circa 2% |
• Share market to taper off - most return coming from dividend yield
• | Inflationary spikes but transitory not long term |
use | |
• Caution - European countries going back into "lockdowns | |
• Bigger demand for non listed investments | |
• Chase for yield - where from and at what risk | |
• Increasing demand for ESG | |
personalr | Cryptocurrencies - FOMO |
• |
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Disclaimer
DomaCom Australia Ltd. published this content on 22 December 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 December 2021 00:42:10 UTC.