AGM Reports

AGM Reports

Our library contains reports on the Annual General Meetings of a large number of listed and quoted companies that our members have attended. This unique resource provides valuable insights for investors in those companies, not available anywhere else.

Please note that the links to our AGM reports included in the summaries below can only be used by full members of ShareSoc, who are registered with our members’ network site. Click here to become a full member, for less than 90p/week and gain full access to our library of hundreds of AGM reports, as well as other member benefits.

If you are already a full member and are still having any difficulty accessing our reports, please contact the ShareSoc Office.

Please note also that these reports are best accessed via a desktop computer or a tablet. If you wish to access them from a smartphone, the links won’t work directly, but will simply direct you to the top of the AGM forum on our members’ network. To use the index present in that forum from a smartphone, please first select the menu at the top right of the members network site and then select “Desktop View” from that menu.

We are sorry about these limitations of our current IT systems and will overcome them in the later stages of our IT upgrade project which is currently underway. We need your support to complete that project. Read more about it here.

Finally, please note that the summaries below are only for more recent AGM reports. Please visit our members network for a full index of all available reports.

Van Elle (VANL) AGM Report

Report from Bill Hall Van Elle Holdings (VANL), a leading UK piling and ground engineering contractor, is yet another relative newcomer to the AIM market which has never come close to fulfilling expectations. A trip to its AGM, held on September 12, gave a chance to check out whether there is any recovery potential in a company whose market cap has shrunk from £80m at the time of its October 2016 IPO to around £30m currently. The AGM, held at 10.00 am at ...

Albion Venture VCT (AAVC) AGM Report

Report from Tim Grattan This year’s Albion AGM was held at The Charterhouse, Charterhouse Square, London EC1M 6AN on Wednesday 21 August 2019 commencing at noon. This year there was also a General meeting to accompany the Annual General Meeting with the formal business for both meetings scheduled to occur after the Manager’s Presentations and the Q&A sessions My notes from last year’s Albion VCT AGM can... Click here for the complete AGM report if you are a full member of ShareSoc, as these reports ...

D4t4 Solutions (D4T4) AGM Report

Report from Simon Hedger 17 attendees incl. 1-2 staff and finnCap rep (excl. Board members). Mcap £95m – SP 237p Cash adjusted PE of 14 compared to PE of 22 for wider peer group. Q. Can you give investors any further update on the recent patent issue with User Replay. https://www.ipo.gov.uk/p-ipsum/Case/PublicationNumber/GB2357680 A. CEO confirmed it as... Click here for the complete AGM report if you are a full member of ShareSoc, as these reports are exclusive to our full members. The above is only an introduction to the ...

Ventus and Ventus 2 VCTs (VEN, VEN2) AGM Report

Report from Tim Grattan The Ventus (VEN) and Ventus 2 (VEN2)  AGMs were held on Thursday 8th August 2019, commencing at 11:30 at the offices of Howard Kennedy (the VCT’s solicitors), No. 1 London Bridge, London SE1 9BG. For investors who are not familiar with VEN and VEN2, they are both Venture Capital Trusts (VCTs) which own (or part own) a number of wind farms and hydroelectric power generation stations in the UK. The directors of the VCTs employ Temporis (renewable energy specialists) ...

Albion Enterprise VCT AGM Report

Report from Steve Holdsworth This year’s Albion Enterprise VCT AGM was held on Tuesday 30th July 2019 at 12:00 at The Charterhouse, a fascinating and historic venue – www.thecharterhouse.org – close to Farringdon rail and tube station, Barbican tube station and Albion’s office in Benjamin Street, to where it recently relocated after 10 years at King’s Arms Yard. It was the first Albion AGM to be held at the new venue after several years of them being held at the City of ...

NewRiver REIT AGM Report

Report from Yusuf Samad I attended the NewRiver REIT AGM. There were initial comments by Allan Lockhart, CEO and a good Q&A session covering about 20 questions. I have captured the key points from the introduction by Allan and the Q&A session including some data from the reports. Mark Bentley was also at the AGM. Management Buying Shares A shareholder asked about buybacks and management buying since the share price drop. The Chairman has bought some shares. The management has been buying mainly through ...

ProVen VCT (PVN) AGM Report

I commented on the results of ProVen VCT before their AGM, here: https://www.sharesoc.org/blog/aim/broker-charges-proven-vct-performance-fee-and-loopup-seminar/ . I said: “Total return to shareholders was 10.3% last year, but the fund manager did even better. Of the overall profits of the company of £18.6 million, they received £7.7 million in management fees (i.e. they received 41% of the profits this year). That includes £5.6 million in performance fees. Studying the management fee (base 2.0%) and the performance fee, I find the... Click here for the complete AGM report ...

Mountfield Group (MOGP) AGM Report

Attendees – Peter Jay, Andy Collins and Andy May of MOGP, Simon Hedger and one other PI plus two reps from DAC Beechcroft Formal business and resolutions all done fairly quickly followed by Peter Jay opening up the meeting for Q&A. Questions and answers below have been summarised where possible and any errors/omissions are... Click here for the complete AGM report if you are a full member of ShareSoc, as these reports are exclusive to our full members. The above is only an introduction ...

Oxford Technology VCTs (OXT, OXH, OTT, OXF) AGM Report

The 2019 Oxford VCT AGMs were held earlier this week (Wednesday 3rd July) at the Oxford Technology VCT offices, The Magdalen Centre, Oxford Science Park, Oxford OX4 4GA. Links to all four Annual Reports (year ending Feb 2019) can be found on the Oxford Technology home page: https://www.oxfordtechnologyvct.com/ At this year’s AGM there were probably around 20 ordinary shareholders present, slightly down on last year. The meeting commenced at 14:00 and after a brief welcome from the OT1 chairman we had a presentation by ...

RA International (RAI) AGM Report

The AGM was held on 24th June. Notes by Simon Hedger/Mark Bentley: Contracts with O&G / mining companies discussed i.e. what are the key differences in bidding them compared to UN type contracts? CEO noted that they are very similar; the key difference being the end client risk as they are typically new clients rather than ones RA has worked with before. Capital requirements of larger projects being bid by the Group. In summary, the bigger the project the more working ...