Well, another board member appointed. https://www.nzx.com/announcements/324578
Funny, there was one vacancy in May 2018. "In addition [to this appointment] BLIS will be looking for another board member" https://www.nzx.com/announcements/317597 And then the shareholders appointed one. https://www.nzx.com/announcements/321700 Yet they appoint another one anyway?
But how many directors are there? I missed that there were only 5 during late 2017 https://www.nzx.com/announcements/304753, instead of 6 as before. The resignation in May 2017 was not replaced until the appointment in May 2018, then two resigned at the AGM, and one was elected, still leaving only 5. Now this new appointment takes it back up to 6 for the first time since May 2017. By my count anyway. I seem to have missed this because the 2017 company report predated the May resignation so listed six, and then the November report did not list the directors at all so it was not evident. And then the list was quite complicated in the 2018 report so again I did not notice.
So that will be three new directors out of six (by my count!) so room for a detailed review of what they are doing? I do not see how much can have changed since the July AGM by the November report coming up, and neither do we know if they are looking to change anything. But half the board being new to the strategy of the last two years or so must indicate some room for review of where the company is going. Or maybe everything is going tickety boo and good news is about to flow.
Anyway, the new director seems to have a good history so potentially good. She is CEO of FAR ("Making cropping the highest returning land use for New Zealand farmers. "), as per the announcement, and here is their strategy statement https://www.far.org.nz/assets/files/...29fc5f1e2c.pdf I like what FAR stands for and I like the clarity and communication power in that statement. Could be a good addition for BLT and kind of her to make herself available.
I keep dithering over whether to buy back into BLT in a small way and see the journey through now that the company has been made aware of shareholder views through the vote. I'm still dithering though.