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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ProVen VCT (PVN) AGM Report 2014

I attended the Annual General Meeting of ProVen VCT today (22/7/2014). This is of course a Venture Capital Trust and one of the longest established and better performing ones. Total return of 5.8% per annum since launch according to Allenbridge, which is the best measure of VCT performance. You also get tax free dividends of course. The fund is managed by Beringea. There were about 5 ordinary shareholders present in a club north of Covent Garden, but it was a hot day ...

Blinkx (RTHM) AGM Report 2014 ‐ Was it a black swan event?

Blinkx held their AGM in London today, starting at 9.00 am. The timing apparently got some complaints but their AGMs do tend to last for three hours. I suggested after the meeting closed that they might want to move it to a 2.00 pm start time if they want to continue to hold them in London. There were about 40 shareholders present ‐ probably more than last year. But that is probably down to the recent events at Blinkx ‐ the Edelman blog, the attack ...

JPMorgan European Smaller Companies Trust (JESC) AGM Report 2014

Are investment trusts boring vehicles that investors who want to "buy and forget" invest in, but where you might expect performance to be somewhat pedestrian? Well consider the performance of the above mentioned company last year. Total return was 43.6% to the year ending in March which most investors would find difficulty in beating. Of course small cap stocks were a favourite of investors last year and the European economies and their associated markets recovered. The company did not have as ...

Amati VCT 2 PLC (AMAT) AGM Report 2014

Amati VCT 2 Plc is a Venture Capital Trust that was formed in March 2011 from the merger with Invesco Perpetual AIM VCT Plc. It had previously been the result of a merger of the Singer & Friedlander AIM VCTs, subsequently renamed Victory VCT and then Amati after the latter took over the fund management. I attended the Annual General Meeting of the company yesterday (26th June 2014) at the Guildhall School of Music & Drama in London at 10.00am. Amati had ...

Globo (GBO) AGM Report 2014

Globo held their Annual General Meeting in the City of London on the 19th June 2014. To give you some background on the company, Globo has been listed on AIM for some years. It has two main product streams - CitronGO! and GO!Social that provide services to feature phone users (45% of revenue) and GO!Enterprise and related products that support mobile applications (particularly the BYOD - Bring Your Own Device) concept (55% of revenue). The latter is the more rapidly growing ...

Lidco (LID) AGM report June 2014

Lidco sell hemodynamic monitoring equipment to hospitals, typically for post-operative care. They held their Annual General Meeting at the offices of Finncap in the City of London on the 11th June - a particularly hot day that might have reduced the attendance. There were only a few ordinary shareholders present. On the morning of the AGM the company issued an announcement. As it commented, the Annual Report is the first that reports a profit before tax with real cash generation. It also ...

Nighthawk Energy (HAWK) AGM 2014

I attended Nighthawk’s AGM on 2nd June, held at the offices of their PR adviser, FTI Consulting. Background Nighthawk’s situation is an interesting one. It is an oil E&P company which went through an initial period when its management achieved little, apart from building a substantial land position, mainly in Colorado, and spending a lot of shareholders’ funds on exploration, which resulted in negligible production. There was then a change of management, and I reported on the new management at the first AGM since their appointment here: https://www.sharesoc.org/agm-reports/nighthawk-energy-hawk-agm-report-2011/ I ...

Judges Scientific (JDG) AGM report May 2014

Judges Scientific held their Annual General Meeting in central London on the 28th May. This company has grown primarily by acquisition in the last few years, mainly by taking over companies operating in the scientific instrument field where the existing owners were looking to retire. In the last 5 years revenue has grown from £7m per annum to £36m. The earnings picture is somewhat confused though because of the presence of large numbers of convertible shares in the past - when ...

Kings Arms Yard VCT (KAY) AGM Report 2014

Kings Arms Yard VCT (KAY) is a Venture Capital Trust with a very chequered history. Originally the Quester VCTs formed the basis of the company - some of which had truly appalling performance as a result of investing in highly priced concept stocks in the last dot.com boom. Spark then took over the fund management so they were renamed Spark VCTs, but performance did not improve. A new Chairman was then appointed (Robin Field who is still Chairman) after further shareholder ...

PV Crystallox Solar (PVCS) AGM Report 2014

PV Crystallox Solar (PVCS) has had a difficult few years because of the decline in the prices of solar chips, mainly because of over production in China. Although the company had strong cash balances it has had to significantly restructure and downsize of late because solar wafer manufacturers simply could not sell their products at a profits (the cost of the raw materials and production exceeded what they could sell their products for in the global market place, ignoring the overhead ...