Third AGM: Sembcorp Marine
17th April 2015
PS: I think I m addicted to AGM already. Haha
Journey started off at Dover Mrt station where shuttle buses were cater to pickup shareholders to Sembcorp Marine registered office at tuas area.
I was running abit late and lucky enough that the bus didn't went off at 10am Sharp as stated in their AGM booklet.
Well, simple verification was done at the pickup point. First minus point, the lady staff who verify my identity (I personally feel) was kind of rude. I certainly do not like her tone of question-ing / doubting me "did I register for the bus service?"
so "if" I really didn't register for the bus service, are you trying to tell me that I cannot board the bus to the AGM just because I didnt register for the bus service? when the buses still have some empty seats in it?
Ok ok. Nevermind. A security pass was issued and I board the bus. Sat on the bus for 10 minutes or so and we have staffs coming up the bus asking the same question (everyone has the pass?) over and over again (1 staff even asked us to show her the pass).
Journey from Dover Mrt station to Sembcorp Marine office is around 30 minutes plus minus. Upon stepping into the building, alot of rig / driller model can be seen displaying along the wall of main lobby.
 |
| Only manage to take 1 photo of all models |
As the building is a "little bit" old, there is only 1 lift and our AGM is conducted on level 4. Many shareholders (including me) took stairs to level 4. I m fine with it, but many of the shareholders are older in age and had difficulty walking up. Hope the management can take note of this type of small issue.
Breakfast was served. Mainly, Egg tarts and "soon kueh" were served with coffee and tea. I tried 2 egg tarts, really nice. if time permits, i think i can eat 5 or more. Haha. **didn't try the soon kueh.
And so proceed on to the maIn focus, AGM,
2 items, Annual Report and wireless voting device was issued.
Wasn't too please with this AGM.
Some of my basic comments on the AGM,
(Base on my first attendance to SembMar Agm)
1. To build a simple 1 step stage
as the floor is level flat, I m sitting at the front few rows and yet I couldn't see the board of directors' face nor the projector screen properly. Only 1 screen and Screen is too small.
2. We registered and you should had note the possible number of shareholders turning up the AGM and yet the aircon is not working well.
3. Mic and sound system wasn't loud enough.
as mention, I m sitting in the front few rows and I had difficulty hearing, needless to say about those sitting at the back.
Other than these facilities issue, I m still please with the Chairman and the board of directors replies on some queries raised.
Some key pointers which I really like and boost my confidence level,
1. healthy Book orders which will see us through to 2019.
2. Base on past Dividend payout, dividend will be likely stable.
3. Actively securing new orders.
4. No cancellation orders had been receive.
Ended with all resolutions approved, including the 8 cents dividend payout in may 2015.
didn't took the lunch in this AGM and head straight for the shuttle bus (maybe the aircon is really too warm). Was handed a door gift (with Sembmar logo) on the way out to the bus.
Lastly, a view from main office entrance before I left.
See you again next year : )
.JPG)
