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.


STARVEST (SVE) AGM Report 2011

I found it a pleasure to go to the Starvest AGM held in the rather nice St Stephen’s Club in Queen Anne Gate SW1. Starvest, a small company with a market capitalization of £4.77m, exists to research start-up mining companies and to buy and trade their shares if appropriate. At present it has investments in some twenty-eight companies, of which thirteen represent 87% of the value. Shares, which may be quite illiquid, are normally held for a number of years until ...

Crown Place VCT (CRWN) AGM Report 2011

Today I attended the Annual General Meeting of Crown Place VCT in London. This company was formed by the merger of two of the former Murray VCTs originally managed by Murray Johnstone and was renamed after Albion took over the management in 2005. Before that they had a pretty dismal performance over some years with the result that the board decided eventually to change the fund manager after some encouragement. At that point a three-cornered fight took place between the company ...

Pan African Resources (PAF) AGM Report 2011

Yesterday I attended the Annual General Meeting of Pan African Resources Plc, a gold and platinum mining company based in South Africa. It was profiled in the March 2011 ShareSoc Informer newsletter. Although the company operates primarily in South Africa it is registered and listed in the UK and the AGM was therefore held in London. The Chairman, Cyril Ramaphosa, did not attend so the meeting was chaired, and very effectively, by Deputy Chairman Keith Spencer. Jan Nelson, the Chief Executive, was ...

Nighthawk Energy (HAWK) AGM Report 2011

Introduction and Background Nighthawk's AGM was held at the offices of FTI Consulting (fka Financial Dynamics), their PR advisers, earlier today. Around 8 private investors attended, including well known ADVFN posters ciao4niao, dorset64 and ShareSoc and TMF luminary, carmensfella. There have recently been numerous board changes at Nighthawk: 14th June, Richard Swindells appointed to the Board as CFO 8th September, Mike Thomsen replaced by Stephen Gutteridge as Chairman 20th October, Mike Thomsen (MT) steps down from the Board but remains as President ...

Abcam (ABC) AGM Report 2011 – Why waiving salary can make you richer

Yesterday I visited the offices of Abcam Plc in Cambridge for their AGM at 10.00 am– not the most convenient time if you are travelling any distance as I said to one of the directors. Abcam is a highly successful seller of antibodies to scientists which they do via the internet. Indeed the share price of Abcam, which is listed on AIM, trebled in three years before reaching a peak of 460p in July this year, although it has fallen back since ...

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 ...