Nestle Malaysia’s Annual General Meetings have been consistently held in April since I’ve started investing in the company. This year it was held on a Thursday (again), 26 April 2018.
The previous year, I kept everyone up to date with the proceedings via Facebook posts. This year, I tried Instagram. For more AGM videos and pictures in the future, follow me @dividendmagic.
From Neslte’s notice (pic above), the AGM itself was due to commence at 10am. However, the goody bags themselves, as well as breakfast, will be available from 8am.
Unlike last year, I was adamant on arriving early this time lest they run out of goody bags again. I set my alarm for 7.30am and took the LRT to KL Sentral.
The AGM was held at the same place – Hilton KL and in the same ballroom. Registration took all but 5 minutes and I went ahead to the goody bag collection area right after.
I was afraid they’d run out again like last year, but as you can see, they came prepared this time around.
Lugging around my heavy box of goody bag (I should have redeemed it after eating on hindsight), I went around visiting Nestle’s array of booths.
Milo was surprisingly unpopular, I think due to the recent controversy regarding its sugar content. I had about 5 cups throughout the day though. =)
I had some weird Mango Peach flavoured Nestum. And they were even selling Red Rice there.
It was my first time having breakfast at Nestle’s AGM as I was late last year. They only serve the breakfast packs for shareholders who arrive by 9.30 am.
A Hospitality Room was prepared for us to have breakfast there.
The goodies received this year was less compared to last year’s. I see it as less cost for the company but some shareholders were unhappy about it.
To my dismay, they also gave the horrible Mango Peach flavored Nestum.
The green tea – red bean Kit Kat was nice. And I guess Nestle succumbed to pressure from the public and ramped up production for Milo kosong.
Nestle’s 2018 AGM was to be held at 10 am and I had about 30 minutes to kill after breakfast. Walked around some more and eventually waited beside the Milo booth.
This will be all for now. I’ll be splitting this post up into 2 parts. I wanted to get this out as soon as possible for everyone who has been wondering about the content of Nestle’s goody bag this year.
Part 2 will consist of the content from Nestle’s actual AGM. Spoiler alert: We had good market share increase and profits.
http://dividendmagic.com.my/2018/04/30/nestle-malaysia-agm-part-1-door-gift-goody-bag-april-2018/
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Created by Tan KW | Jun 23, 2024
Created by Tan KW | Jun 23, 2024
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Created by Tan KW | Jun 23, 2024
Created by Tan KW | Jun 23, 2024
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Yes Indeed. Price of Nestle is the highest in Bursa. As a result many investors have abstained from buying this share because of the low DY at 1.92% compared to other stocks which give a DY of 3% to 4%. I tell them that they have to look at both the DY and its ROE which is 74.93% compared to other shares that give a ROE of only less than 10%. I also tell them if they consider the Nestle share is too high to buy, then they should buy only one lot of 100 Nestle shares and reap its benefits over a longer investment period, say more than 3 years. One must acknowledge that its the appreciation of Nestle share price over the longer time period which continues to give you a higher return to you. Comments appreciated. Investor X.
2018-05-18 15:08