Caledonia Investments plc (CLDN) Q4 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

Right, well, morning, everybody, and welcome to our March 2024 results presentation. I have the privilege of presenting this all to you. And it sees us moving into the company's 96th year. So we are moving through. Our results will be presented by our CFO, Rob Memmott, and Alan Murren, who co-runs our public companies team. And question and answers session will follow the end of the results. Before we get going with the results, I'd like to tell you about a project we undertook during the year with the aim of explaining why we do what we do. Because as we learn through life, understanding why people do things is often more important or just as important as understanding what and how they do them. We got help for the project from lots of people, and we were really quite touched by the feedback we received. And it was very, very helpful in helping us think about ourselves and how we communicate. And the same underlying theme came through the feedback, which was about how we use time. I'd just like to highlight some of the feedback with you. Firstly, there's a strong family aspect to Caledonia. And that goes beyond our supportive family shareholder. It goes to how we operate. We seek to build long and trusting relationships with our staff, with our colleagues, and with the people who we partner with. And this is actually very much appreciated by the people we work with. Secondly, our approach to investing or the business of investing is very different from others. And it's actually very important for attracting investment talent to the company. We got a piece of feedback from someone who said, probably in the investment team I should think, who said, I like that we don't invest for the sake of investing. And what sits behind that is because we're not raising funds and w...