Originally Posted by
percy
I spoke with CEO Jeff Greenslade and deputy CEO Chris Flood. before the meeting.In fact I had all my questions answered before the meeting started.
After the meeting I spoke with CFO David Mackrill,and Investor Relations Manager,Julia Belk..
When the restructure was first announced I was a bit disappointed HBL would not have to answer fully to The Reserve Bank of NZ.Thought that gave shareholders extra protection.I then came around to thinking OK I can see we still be able to analyse their full accounts.HBL have earnt my respect as they have always been honest with their objectives,and I have been very pleasantly surprised they do as they say they will do.
HBL have really made their REL business work.They see continuing huge growth in Australia.It is a very profitable low risk secure sector.Repeat "very profitable low risk secure sector."
To take advantage of this growth they have to restructure their structure.
The long and short of it, I went from being luke warm,to hot,and now I am boiling with enthusiasm.
I thought the previous CFO,Craig Stephen was very capable.I found him easy to talk to.His replacement David Mackrill, is also very capable and easy to talk with.Jeff Greenslade attracts capable people,including Investor Relations Manager Julia Belk.
Yes a couple of directors do not hold shares,however the other directors and management have a lot of skin on the line.