Letter from Chairman
- Simon Cato write's to shareholders saying "I am delighted to deliver Annual Report for financial year 2011".
Key Concept Question: I thought this would say 30 June 2013? Anyone else have this? (Followers please note that I am definitely in the Annual Report 2013 as that was my first instinct to check. This can be found on page one of the report. My understanding is that no breaking news occurred in 2012 or 2013 so the letters highlight the important changes from 2011 that were continued in 2012 and 2013 and are still working towards.)
- In 2011 Advanced Share Registry expanded to a New South Wales Sydney Office.
Area of Importance: This is a key area of business as it outlines that business growth must be progressing, investors are willing to increase capital investment for expansion, opens to the Sydney customer market, profits must be increasing yearly, capital investment must be high to fund the expansion and board members see potential and future growth in business and their services.
- Advanced Share Registry deals with the world stock market and seems to of been a struggle and difficulty in the financial year affecting business.
Key Challenge: When dealing with the world stock market especially shares, this is influenced by the daily changes within the economy and demand and supply factor. Obviously, investment in shares only occurs when people have spare earnings to buy shares. So share registry would be impacted when people are no longer buying shares and are forced to sell shares if market is struggling. (This is a big concept with the economy and so much you need to know. Not sure what economic struggle occurred in this time frame.)
- 48 companies joined as customers since 30 June 2010.
Area of importance: Good to know they gained company customers.
Key Concept Question: I notice it doesn't tell you if they lost any customers? Guessing they don't display this type of information as it is negative?
- Advanced Share Registry are looking at future upgrading plans in introducing extra services to client.
Apparent Strategy: This seems to be their main strategy and goal for the future to continue services and increase growth and expansion to attract customers. A service that is always upgrading and re-looking at attracting customers and improving services is a company that expects to continue making and increasing profits. They are not backing down and giving up even if they have struggle points in business due to the up and down movements of the economy.
As you can see from the Letter from the Chairman, (Simon Cato) has provided me with a overall outline of the important aspects of Advanced Share Registry and what they are doing and looking at doing in the future to attract customers, and he also outlined that they are impacted by the economy.
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