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| They Need Reinsurance at the AGM today! |
I speak in jest for this is one company that is going places.
I think there was one year that they did not give out dividends and its share price tumbled.
Even now, in spite of giving 17% gross dividend this year and 20% last year, share price of the counter is still in the doldrums.
Anyway, I just wanted to describe the big hoo-ha that took place at noon at the MNRB Building when Symphony House was trying to register shareholders and proxies for their 3 pm AGM.
I was told they got ready early but because they did not start the registration process as well, the crowd because too dense and someone, in the melee, stepped on the computer wires, tripped and dislodged the connection and the whole registration process went kaput!
The tense situation was to drag on until 2.20 pm, 40 minutes to AGM time.
Then they brought out the food and the hungry crowd just could not contain their hunger and their ire. So, they make a bee-line to the food tables and eat as well as 'tapau' to the heart's content.
Finally, they got the registration going with pushing and shoving until even the computer tables rocked!
A MNRB staff had to use a hailer to quell the anger of the maddening crowd that refused to line-up but to rush in all directions towards the Symphony House officers.
I knew a few senior citizens just could not take it. In super-hyperventilation mode, they just sat down, have their mee-hoon, telling me they will register when the crowd become more sober.
They gave away RM50 Aeon shopping voucher to shareholders and proxies as well as a nice-looking thermos flask each.
What a day!
2 comments:
I was there as well...Bad organization..Symphony House officers don't expect the "huge" crowd?
No one will own up.
Another, I think it was Tricor. It was caught with its pants down at QSR two AGMs back when the computer broke down as well.
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