Managing Director's Report - 2017 AGM
Stanmore Coal: The Right Path to Value
Notice is hereby given, in accordance with the Listing Rule 3.13.2 and Corporations Act Section 251AA (2) that at the Annual General Meeting of the Company held today the results of the Resolutions put to shareholders are presented.
A strong physical performance during the September quarter provides further certainty to Stanmore's short and medium term strategy objectives.
The strategy into action: Cash generation, capital light approach and funding all in place driving certainty in strategic outcomes.
Mental Health Week Community Breakfast with guest speaker was Nicole Gibson (finalist for the Young Australian of the Year) discussed competitiveness between different ages, mental health illnesses don’t define who a person is, and bullying in schools and how that is correlated to attendance in remote communities.
Stanmore, with the assistance of Headspace Mackay, hosted a Mental Health First aid training course for 20 community members including SES volunteers, driving school instructors, medical practice staff, Scout leaders and after school music teachers.
Stanmore was privileged to sponsor the 4U2 concert held the Hornery Group Grounds with feature artists Shannon Noll and Busby Marou. This great event raised $52,000 for CQ Rescue and RBWH Foundation.
Stanmore Coal Limited (ASX:SMR) has a current MF Rank of 15149. Developed by hedge fund manager Joel Greenblatt, the intention of the formula is to spot high quality companies that are trading at an attractive price. The formula uses ROIC and earnings yield ratios to find quality, undervalued stocks. In general, companies with the lowest combined rank may be the higher quality picks.
All company announcements can be found on the ASX website at www.asx.com.au.