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.

You will find summaries of our AGM reports on this page. You can also search for reports on a specific company, using our “Research” feature. Only full members of ShareSoc can view the full details of our AGM reports and need to login to do so. If you wish to gain access, 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.

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AVIVA (AV.) AGM Report 2016

I attended the AGM on 4 May 2016, which was held at the Queen Elizabeth II Centre, at 11am. There were 400+ people present at the AGM. This was a very well organised AGM with stands where members of staff were explaining the various different parts and products/services of the Aviva business. Before and after meeting the directors mingled with the shareholders. I arrived early and was pleasantly surprised to find myself chatting to Euan Munro, the chief executive officer of Aviva ...

GlaxoSmithKline (GSK) AGM 2016

As usual it was an afternoon meeting at 2:30 pm in the Queen Elizabeth II Conference Centre, with one of the biggest audiences I have ever seen there. All the overflow areas were also full. This is one of our biggest companies, with a turnover this year of £23.9bn (£223.0bn) and a total profit declared at £10.3bn (£3.6bn). Sir Phillip Hampton, the new Chairman, appointed 1st January this year, opened the meeting on time. He started positively, emphasising the tremendous reorganisation which ...

Rightmove Plc (RMV) AGM 2016

Yesterday, after a dire three-hour journey ending with a spot of light jogging I attended the Annual General Meeting of Rightmove Plc at the central London offices of UBS. Just like the last 2 years the AGM was held at 10.00am – even after the complaints from Roger Lawson to the board members. I did ask the Chairman after the meeting if we could move the meeting even one hour later, but I’m not sure if anything will come of it. Rightmove ...

Rolls-Royce (RR.) AGM Report 2016

Yesterday I attended the Annual General Meeting of Rolls-Royce Plc - held at 11.00 in Nottingham (at a conference centre on the University Park). This was certainly a good venue in some respects, and I was brought up just nearby in Chilwell so could stay with my brother overnight who still lives there. But other investors may have found it less convenient of course apart from some ex Rolls-Royce employees of which I suspect there were quite a number present. I ...

Reckitt Benckiser (RB.) AGM Report 2016

I attended the AGM on 5 May. I was interviewed by the BBC TV beforehand who covered the Reckitt story in their 1pm News program. The BBC were also interviewing shareholders, who were willing to speak to them, as they entered the building where the AGM was held. There were also a group of demonstrators outside. There were about 200 to 300 present at the AGM. The Chairman opened the meeting and commented on the great results, noting the 23% total shareholder return ...

Amerisur (AMER) AGM 2016

Key points: The Jaguarete-1 well in Paraguay is currently being drilled. It is targeting a potential reservoir of 106mmBO, and if results are positive would transform the prospects of the company. First logs should be available in June. A well test would follow. The company is acquiring assets from distressed sellers who have already done much of the exploratory work. In its recent acquisitions it was not the highest bidder but won the auctions because it had the highest execution credibility. ...

Pearson (PSON) AGM 2016

It is two years since I last attended Pearson’AGM. Back then the share price was around £11 and John Fallon, who took over as chief executive at the start of 2013, was promising that a major restructuring of the world’s leading education company was “on track” and would “drive a leaner, more cash generative, faster growing business from 2015”. Sadly, things did not turn out as planned. Since then there have been numerous profit warnings, Pearson’s share price has fallen by around ...

Spirent (SPT) AGM 2016

Sparsely attended meeting in ec2 but interesting nevertheless No formal presentation which is disappointing but Directors very open to Q&A Chairman noted the sad passing of one of the NEDs Duncan Lewis Printed Q1 update provided Encouraging features inter alia : Profitable growing company with strong cash flow and cash buffer Provides exposure to some attractive areas via performance and security testing of networks and applications including next generation high speed Ethernet + security issues related to 'internet of things' etc New activist shareholder engaging with Board - ...

Segro (SGRO) AGM Report 2016

Yesterday I attended the Annual General Meeting of Segro (SGRO) at the RSA near to Charing Cross Station. Segro is a Real Estate Investment Trust (REIT) which used to be called Slough Estates. It has moved from having a portfolio of office property to now being focussed on industrial and warehouse properties (including the "Big Box" warehouses now in demand by internet retailers to act as distribution centres). Now it just so happens that I was reading the Daily Telegraph over breakfast ...

McColls Retail Group (MCLS) AGM Report 2016

Yesterday I attended the Annual General Meeting of McColls in Brentwood. Their head office seems to be a cluster of older buildings in the countryside. There were 4 ordinary shareholders attended, which one director said was twice last years. McColl's Retail Group is a chain of 1,352 "convenience" and "newsagent" stores. Revenue last year was £932 million with profits before tax of £21.1 million. The stores are either branded Martins or McColls which is somewhat odd (indeed in my local area there ...