30 June 2015 – AGM statement
A detailed statement will be read by Chief Executive Tony Stiff at today’s AGM. The broad message is that the company still aims to become a major force in the heating and energy markets around the world. Stiff notes that the recent reaction in the share price has been very disappointing and he has increased his own shareholding as he believes the current share price significantly undervalues the potential of the business. For now we keep our HOLD rating but we agree that the potential of the business should warrant a significantly higher share price in due course.