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.

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


Bglobal (BGBL) AGM Report 2011

This AIM listed company decided to hold its recent AGM at 9am on Wednesday 28th September at its offices in Blackburn, Lancashire. ShareSoc members will not be surprised to learn that I was the only shareholder, other than the directors, present at this event. Without the fortuitous combination of a visit to relatives, attendance at such events can be difficult to justify – not the purpose of a General Meeting of a company with its investors. Other ShareSoc members have commented ...

City of London Investment Group (CLIG) AGM Report 2011

Today I visited the offices of City of London Investment Group (CLIG) in Gracechurch Street, City of London, for their Annual General Meeting. Although it was probably the hottest October day since records began, the directors were all smartly dressed and wearing ties, unlike the 5 ordinary shareholders who attended. A difference from many AGMs was that two of the directors attended by video conference and a third via a telephone conference call, but the main directors were present in person. CLIG ...

Prologic (PGC) AGM Report 2011 – Taking a Bath

Today I visited the offices of Prologic Plc in Berkhamstead for their AGM at 10.00 am on a Monday morning – not the most convenient time if you are travelling any distance – indeed one director only arrived just as the meeting closed, but the main players were there on time. Prologic is a software solutions provider to the retail sector – particularly fashion retailers. Revenue has been static for the last three years, and profits negligible (ignoring the large write-offs of ...

Downing Distribution VCT2 (DI3O) AGM Report 2011

Downing Distribution VCT2 is the result of several past mergers of poorly performing VCTs, including Pennine AIM VCT and Pennine Downing AIM in which I invested. Like the Rensburg AIM VCT which was covered in the last ShareSoc newsletter, this VCT seems to have suffered the same problems as other AIM VCTs, but it changed its investment policy last year and of course changed name also. This has meant substantial changes to the portfolio as the fund manager refocused and reselected investments ...

Intercede AGM Report – A Family Run Software Business

Today I visited the offices of Intercede Plc in Lutterworth, Leicestershire to attend their AGM (they lease a large old house as their offices, which are nearing capacity, in this small town). Intercede sells the MyID identity and credential management system. Basically this manages the identities of people within a single integrated platform (for more information, see www.intercede.com ). Revenue was only £6.8m last year and profits £2.0 despite the fact they have been developing this market for many years and ...

Carclo (CAR) AGM Report 2011 – Holiday Inn Wakefield

Carclo has begun to appear on a number of TMF contributors ‘radars’ and I know that I have mentioned it to a couple of veteran ‘Mello attendees’ in the past. So, rather like last year’s trek, I headed up to the slightly downtrodden Holiday Inn, just off Junction 40 of the M1, to see how things have been progressing. Having signed the attendance list on my way in (It was a little like signing a sponsorship form for which I am frequently ...

Software Radio Technology (SRT) AGM Report 2011 – An Example of a Good AGM

Software Radio Technology held its Annual General Meeting on the 8th September at its offices in Midsomer Norton (south of Bath for those who have no idea where that is). Surprisingly about 40 shareholders attended even so. At least the time of 11.00 a.m. meant I did not have to get up much before dawn. The attendees were of course all private shareholders so far as I could tell, with some from a local “share club” – as there was no ...

ProVen VCT (PVN) AGM Report 2011 – A Surprise After All

One of the joys of attending Annual General Meetings is that sometimes you turn up, not expecting any fireworks, and instead find that it’s not going to be a boring event after all. This was particularly the case at ProVen VCT where I fully expected attendance on the 24th August to be poor as it was the middle of the holiday season – in fact only 4 shareholders (other than the board) attended the meeting in central London – the company ...

Halfords Group PLC (HFD) AGM Report 2011

Roger and I attended Halfords' AGM on Tuesday. Halfords’ company secretary & Board had felt that a change of venue from the usual Stratford upon Avon to Birmingham city centre might attract more shareholders. Unfortunately changing the start time from a midday-ish time to 9am was not helpful. I believe that Roger, an elderly couple and I were the only shareholders (other than Board members) who attended. That was in sharp contrast to the 60 odd shareholders that attended the AGM ...

RIT Capital Partners (RCP) AGM Report 2011

RIT Capital Partners held its AGM at Spencer House in St. James, London on the 28th July 2011. This impressive building is also used partly as the offices of the company, but otherwise is a splendid venue for weddings, corporate events or parties (see www.spencerhouse.co.uk ). It’s also open to the public for guided tours on Sundays. Unfortunately this venue meant that shareholders had to be accommodated in three separate rooms with a video link from the main room. The Chairman, Lord ...