It's been quite a year for us Imagineers with the company managing to blow off much of the goodwill built up over the past 15+ years with the ease and speed of a Dutchman blowing the froth off his beer.
In just over a year of tall tales and missed targets and opportunities we have gone from a company on the up, aiming for that far away, glistening FTSE100 target so beloved of our CEO to a nearly ran company who have seen soaring profits plummet to losses with more expected this year too, hockey stick increases in royalty levels drop and many of our long term and important partners either drop off the map altogether or severely curtail their output.
We've heard much of the future promise, but these statements ring hollower than a Scotsman's legs on Burns' night now they've been rolled out more times than a Cockney's barrel on sing song night.
But we are Imagineers - not for us the easy path, the path well trodden on simple trajectories from loss to ever increasing profits, the path of least resistance. No, we must have more than our share of pain and suffering on our journey to the fabled Land of Jam Tomorrow.
And so it is with a heavy heart (and a much lighter wallet thanks to the ever decreasing SP and ever increasing rail fares) that a smaller than normal band of merry and intrepid warriors (no pun intended) head once more to Kings Langley to hold some feet to some fires and try to get to the bottom of what has gone so disastrously wrong with our company and what is being done to actually turn things around.
WiFi - and First Great Western - willing there will once more be a live blog for you all to digest. Let's hope the words don't stick in anyone's throats.
Will this be the last IMG AGM ? I'm convinced it will be, so maybe the sweepstake this year will be moot.
A bientot mes braves !!
Just a point of chronology..(that's begging for a pun about apple watch but I can't engineer one).
ReplyDeleteMy point: we're already in the land of jam tomorrow. It's not fabled ..it's here. This is what it feels like.
The journey has been completed.
I'd rather like to see progress to briefly glimpsed land of jam now.
Looking forward to the upcoming tear downs of the new phones...
Unfortunately we're all screwed if we've already arrived at THE Land of Jam Tomorrow. That's the place where the pavements are golden and never ending. I think maybe (hope) we were merely at the Hamlet of Jam Tomorrow en route to the Land of Jam Tomorrow, or at best we were on the Ringroad around the Land of Jam Tomorrow.
ReplyDeleteWe need a few licensees to buy advance tickets for the train to Jam Tomorrow (Ensigma, RT (really, apart from Apple who is in a position to use this tech effectively ?), MIPS, Raptor, etc) before we can have any degree of confidence that the tracks will actually be built.